U.S. heating oil prices projected to rise this winter, increasing household spending burden
- 1The U.S. Energy Information Administration projects a 34% increase in heating oil prices this winter compared to last winter.
- 2The average expenditure for a typical household using heating oil from November to March is expected to be $2,115.
- 3This figure corresponds to a 21% increase in heating oil spending seen last year.
So what's the key point?
Heating oil prices in the U.S. are expected to rise by 34% compared to last year. This means households will likely need to spend more on heating costs.
Source Bloomberg +1 · View original ↗
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