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Cold Winter, Heating Bills to Soar

A colder winter this year, compared to last, is expected to cause a jump in home heating prices.

Americans can expect higher home heating bills this winter as weather experts predict a 13 percent colder winter than last year, according to the U.S. Energy Information Administration.

“Higher expected winter heating expenditures are the result of both more heating demand because of relatively colder weather and, to a lesser extent, higher fuel prices,” EIA said.

The weather conditions this winter will be close to the average for the past decade.

Homeowners using propane will have the steepest heating bills, coming in at just under $2,000. Those who heat with natural gas face a heating will pay well under $1,000, according to EIA. The average heating bill for those with natural gas burning furnaces is expected to stand at $644.

 

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