US household winter heating costs to rise year on year

08 October 2013 22:29  [Source: ICIS news]

HOUSTON (ICIS)--US household winter heating expenditures for natural gas and propane will increase by 13% and 9%, respectively, year on year, a government agency said on Tuesday.

Despite the 13% gain in natural gas expenditures, the US Energy Information Administration (EIA) said it is still lower than the average of the previous five winters.

Temperatures will be close to that of last winter with the northeast region 3% colder and the west 3% warmer.

In its Short-Term Energy and Winter Fuels Outlook, the EIA said propane inventories remain near the middle of their historical range, causing the 9% increase in prices.

However, home heating oil prices are expected to be 5% lower than last winter as distillate inventories remain at the low end of their normal range, the EIA said.

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By: Anna Matherne

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