October 13, 2022 – ABC News
Higher heating bills expected this winter amid energy market turmoil: Report
By Stephanie Ebbs
Americans are expected to see higher energy bills when it comes to heating their homes this winter, according to a new analysis from the U.S. Energy Information Agency released this week.
The independent agency within the Department of Energy found that homes heated with natural gas could see prices 28% higher than last winter, while homes heated by electricity will see a 10% increase and propane heat will see a 5% increase. At least 90% of homes in the U.S. use natural gas or electricity for heat.
EIA said the supplies of fuels like natural gas, propane, or heating oil are low and could struggle to meet demand if temperatures are especially cold or supply chain issues make it difficult to deliver to where the fuels are needed.
Rusty Braziel, CEO & Principal Energy Markets Consultant for RBN Energy, said energy prices are dealing with several factors that are putting pressure on the market.
Read the full article here: https://abcnews.go.com/US/higher-heating-bills-expected-winter-amid-energy-market/story?id=91447412
