January 28, 2007
Heating Expenses Down Again This Winter
Heating Expenses Down Again This Winter
Falling energy prices are helping lower household heating expenses this winter even more than originally forecast.
According to the Energy Department, the average U.S. household will pay $873 in heating bills this winter, down from $938 forecast a month ago and the $948 average last winter. If so, consumers this winter will have the lowest heating tab in two years and the first year-over-year decline in five years.
A sharp drop in oil and natural gas prices is the main reason for the lowered estimate. Mild weather is also allowing consumers to conserve energy.
How has the lower energy prices affected your household budget this winter? Leave us your comment on that below.
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