Business Standard

Americans to pay the most in 25 years to stay warm during this winter

Prices for natural gas and distillate -- which includes heating oil -- are both seen rising nearly 30% this winter

graph
Premium

Julia Fanzeres | Bloomberg
Americans trying to keep warm this winter are poised to spend the most on heating in at least 25 years. 
US households face an average power bill of $1,359 this winter, the highest since at least 1997, according to the Energy Information Administration. While much of that spike is driven by higher natural gas costs, homes that rely on oil for heat -- such as in the Northeast -- will be hit even harder, with an average bill of $2,354. 

The outlook comes as a global shortage of diesel and natural gas set up a tough winter for households across the

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in