Natural gas and electricity are set to decline after a large increase last year.
Most Americans are likely to see their heating bills fall this winter, potentially keeping overall inflation down.
The cost of heating a home with natural gas is likely to drop by an average of 21% from last year, the agency predicts. That should save the average household about $160 over the course of the winter. Wholesale natural-gas prices have fallen because gas supply is currently outpacing demand. Last year, gas prices were high because the U.S. was sending more of it to Europe to replace Russian gas after its invasion of Ukraine.
Propane—a byproduct of natural gas processing and oil refining—should see a decline of 3%, but heating oil expenditures are set to rise about 8% because there is a shortage of it in storage. Heating oil is mostly used in the Northeast.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
11 Best Fall TV Shows Airing Now: ‘Fall of the House of Usher’ and MoreThe Daily Beast’s Obsessed staff picks their favorite series you can watch right now, from a trippy Edgar Allan Poe mash-up to a group of adorable senior citizens looking for love.
Baca lebih lajut »
United Airlines, ASML Holding fall; Abbott, Spirit AeroSystems fall, Wednesday, 10/18/2023Stocks that are trading heavily or have substantial price changes on Wednesday: United Airlines, ASML Holding fall; Abbott, Spirit AeroSystems fall.
Baca lebih lajut »
Daily on Energy: Heating bill relief could be in store this winterBreanne Deppisch is an energy and climate policy reporter at the Washington Examiner. A former national political reporter, she has closely covered campaigns, Congress, and the White House since 2016.
Baca lebih lajut »
Bills Hosting RB Leonard Fournette for Visit; Signing Next?The Buffalo Bills are hosting former Tampa Bay Buccaneers running back Leonard Fournette for a free agent visit.
Baca lebih lajut »
Bills running back released from hospital a day after hurting his neckCoach Sean McDermott said Damien Harris is resting at home and doing as well as could be expected. McDermott said Harris sustained a sprained neck and is in the concussion protocol.
Baca lebih lajut »
Utah proposes new rules to part of bills in regulating social media companiesThe State of Utah on Monday
Baca lebih lajut »