Home / Market Update / Commodities / U.S. consumers expect 30% surge of winter heating bills

U.S. consumers expect 30% surge of winter heating bills

U.S. households using natural gas are expected to pay a 30% hike in heating bills. The U.S. consumers will face sharp increases in energy costs this winter no matter what type of fuel they use to heat their homes, according to a report from the Energy Information Administration released Wednesday.

The EIA forecast that U.S. households that primarily use natural gas to heat their homes will likely spend an average of $746 this winter, which runs from October to March, up by 30% from the amount they spent last winter.

About half of the homes in the United States normally use natural gas for space heating and water heating.

Check Also

Goolsbee Lauds September’s Jobs Report

Interviewed at Bloomberg, Chicago Fed President Austan Goolsbee said on Friday that he considered the latest …