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Some winter fuel costs forecast to increase

8:04 AM, Oct 23, 2013   |    comments
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Video: Some winter fuel costs forecast to increase

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According to the National Oceanic and Atmospheric Administration, we will have an equal chance for an above normal or below normal winter in terms of precipitation and temperatures, but still, some of your winter energy costs will be on the rise this winter, according to the United States Energy Information Administration.

In an October 2013 report for their short term energy and winter fuel outlook, it's projected that the average U.S. households expenditure for natural gas and propane will increase 13% and 9%, respectively this winter heating season, which runs from Oct. 1st to Mar. 31st.

This means that you will likely be paying more this winter for these fuels.

Also, the projected households expenditures are 2% higher for electricity and 2% lower for heating oil this winter.

Fuel expenditures for individual households, according to the report, are highly dependent on local weather conditions, the size and energy efficiency of individual homes and their heating equipment, even thermostat settings. So you may want to keep an eye on your energy usage this winter.

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