Heating bills to skyrocket as inflation hits energy prices.
NEW YORK – With prices for heating oil, natural gas and other fuels soaring around the world, the U.S. government said Wednesday.
However, it expects households to see increases of up to 54% in their utility bills heating compared to last winter. The steepest increases are likely to be in homes that use propane.
But others are likely to experience large increases as well. Homes that use natural gas, which make up nearly half of all U.S. homes, can spend $ 746 this winter, up 30% from a year ago.
A forecast for a colder winter means that people are likely to burn more fuel to stay warm, in addition to paying more for every little bit.