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Economy

“As energy prices rise, your heating bill is likely to jump by as much as 69%: Here’s what to expect”

“…Consumers who use natural gas as their primary heating fuel, about 47%  of U.S. households, can expect to spend 30% more this winter as they did last year, according to government estimates. The estimated average bill of $746 factors in a projected 27% increase in the price of natural gas, and a 2.4% increase in consumption.

Families that rely on electricity for heat, about 40% of U.S. households, can expect a 6% increase in costs. The national average bill: $1,268… Typical bills are likely to vary widely, depending on how cold the winters are where you live and what kind of fuel you use to heat your home. For example, the EIA forecasts that Midwest households using natural gas could spend over48% more than last winter, for an average $818 total, while those that use propane might shell out nearly69% more. Northeast households using electricity could pay $1,538 on average, or 9.6% more…”

https://grow.acorns.com/winter-heating-bills-are-going-to-rise-2021/

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