Skip to comments.Big Drop Seen in Winter Heating Bills(More Good News!)
Posted on 10/10/2006 7:26:07 AM PDT by kellynla
NEW YORK (CNNMoney.com) -- Those not lucky enough to head south for the winter can take take solace in at least one bit of news: Winter heating bills for many Americans to be a lot lower.
Bills for homes heating primarily with natural gas are expected to be about $119, or 13 percent, less this winter, the Energy Information Administration said.
Special Reportfull coverage
Big drop seen in winter heating bills Oil creeps above $60 EIA eyes stable oil flow, mild winter Gas tumbles, but don't get used to it
EIA, the government agency that tracks energy statistics off all types said the drop was due to forecasts for a warmer than usual winter.
But last year, heating bills and especially natural gas bills, were abnormally high due to Hurricane's Rita and Katrina, which devastated large parts of the Gulf Coast and severely disrupted oil and natural gas production.
Not everyone will pay less Although this winter is expected to be about 2.1 percent warmer than usual, the government said it will still be 5.9 percent colder than last year, which was one of the warmest winters on record.
Because of that, people using home heating oil can expect to pay about $91, or 6 percent more, than last year, EIA said.
Heating oil prices didn't skyrocket last year nearly as much as natural gas prices did because, unlike natural gas, oil can easily be put on a ship and transferred around the globe to cover areas hit by localized outages, like the ones following the hurricanes.
Households heating primarily with propane can expect to pay an average of $15, or one percent, less this winter. Households heating primarily with electricity can expect to pay and average of $58, or 7 percent, more, EIA said.
(Excerpt) Read more at money.cnn.com ...
I'm a little bummed that I locked in a relatively high price for propane, but who knows what all might happen this winter to affect supplies - I'm not going to worry about it.
Don't worry, the second a snowflake hits the ground in Alaska, they'll claim it means the worst winter we've ever seen and prices will shoot through the roof. So your locked in price will probably still be ok.
Don't say that!!! I didn't "lock in!" Egad!!!
No, global warming means global cooling now, I think. Al Gore has decided it's caused by smokers.
just ordered a trane 90+ efficiency forced air unit here - I'll let you know how it works out - our present furnace dates to 91 and is about 70% efficient - hoping to save a few bucks
whoever wrote this, is mentally ill
this what has happened.
speculators bidup the price of futures contracts...
gas companies,operated by people-on-the-take,'lock-in' the
consumers pay the insane prices.
don't believe me?
residential price, 15.63, July-06
A reduction of the price rise is seen as a cut?
Too bad this little chart you found doesn't show today's prices, which are in the $6 range and have gone as low as about $4.50 just within the last month.
you refer to the 'spot' price, or perhaps
current or one-month-out futures
nothing to do with residential price
RE: "Although this winter is expected to be about 2.1 percent warmer than usual"
A highly suspect prediction, based on the same flawed global climate models that depict exagerated "global warming" over the next 10 plus years.
I was hesitant at first, you know "if it ain't broke don't fix it" then fuel went over $75.00 per barrel and my power and water went through the roof. You will be very pleased at your rewards for purchasing EI appliances.
No, I'm not a salesman...
This happened more than a month ago.
This is 100% gub'mint BS. What's it gonna do Saturday on my wedding anniversary?
Well, then somebody's not on the ball. I mean, do they want to make cash or don't they? The market's not going to manipulate itself.
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