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Heating Bill Will Soar This Upcoming Winter
Heating oil customers will be seeing the biggest increases, according to the Energy Information Administration (EIA), a nonpartisan statistical division that is part of the the U.S. Energy Department. Heating oil users are scheduled to pay over $2,600 on the average hating bills in order to heat their homes this winter, which is up an incredible 36% from last year. Even homeowners with natural gas, which is the most popular heating source in the USA, will pay over $1000, a 24% increase from last year, according to the EIA's early forecast.
The EIA's predictions are based on government meteorologists' expectations for a winter that is slightly colder than last year but also warmer than the average seen from 1971 to 2000. Note that an especially cold winter would impact household budgets even harder.
If these government predictions do come true, Americans will spend $22 billion more to heat their homes and apartments this winter than they did last year.
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