NEW YORK, NY (AP) – As heating oil prices rise worldwide, the US government announced Wednesday that households will see heating costs increase by up to 54% compared with last winter.
The average cost of heating with natural gas in the US is $746 per year, which is 30% less than last year.
This winter could prove to be the most costly for natural gas-fired houses since 2008-2009.
According to the Associated Press approximately 41% of households in the country are connected to electricity. This will result in an increase of around 6% to $12,268.
Heating oil users report a 43% increase in heating oil prices to $1734, according to the AP.
The forecast for a colder winter will mean that people will likely use more fuel to stay warm and pay more.