Households that heat with oil are expected to spend a record amount this winter to stay warm, with bills projected to rise nearly $200 over last year, according to a federal forecast released yesterday.
The US Energy Information Administration said the nation’s heating oil customers - most of whom live in the Northeast - will probably pay more than in any previous winter as heating oil costs rise to an average $3.71 per gallon. The average household is estimated to spend nearly $2,500 between now and March.
Oil heat bills are expected to soar - Boston Globe
The US Energy Information Administration said the nation’s heating oil customers - most of whom live in the Northeast - will probably pay more than in any previous winter as heating oil costs rise to an average $3.71 per gallon. The average household is estimated to spend nearly $2,500 between now and March.
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The biggest reason for the increase: the rising price of a barrel of crude, the main component of heating oil, as demand rises in emerging markets such as China and the Middle East.India auto diesel tanks manufacturer
Oil heat bills are expected to soar - Boston Globe
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