Home heating bills to be more expensive this winter

Winter is coming. And it’ll be expensive. Consumers may need to shell out up to 28% more than last year for heat, thanks to rising fuel costs and colder winters.

According to the Energy Information Administration (EIA), nearly half of the country relies on natural gas for heat. As US gas prices were up about 75% this year—due to supply chain disruptions, climbing global prices and the Russia-Ukraine war—the average winter heating cost is expected to rise to $931.

Last winter, the average cost of heat at home with gas stood at $724, cheaper than other sources of heat.

Other sources of heat
Electricity: Used in about 40% of households would cost a little over $1350 this winter on average. But compared to last year, it is just a 10% rise.

Heating oil and propane: Households relying upon the two most expensive sources would be spending the most this winter.

Homes using heating oil would be spending 27% more—around $2,354— and those using propane would be spending 5% more—around $1,668.