Heating Costs To Be Even Higher

Heating Costs To Be Even Higher

Winter heating bills will be even worse than initially thought this year as surging oil prices are pushing up costs for a variety of heating sources.

The average U.S. household will pay $986 in heating costs this winter, up 10.9% from the 2006-07 season and $9 higher than the original forecast made a month ago, according to the Energy Information Administration, the analytical arm of the Energy Department.

For heating oil customers, a bad situation got even worse.  Those who heat with heating oil are expected to pay a record $1,841 on average from now through March, up 25.6% from last year and $56 more than originally forecast.  Heating oil bills are expected to be more than double those seen four years ago.

Will the higher costs to heat your home cause you to turn your thermostat back this winter to save money or energy, or do you plan to not make any changes in how you stay warm this winter?  Leave us your comment on this below by clicking on the "Comments" link.  Your email address (although needed to post a comment) will NOT be displayed or otherwise shared with anyone.  We look forward to hearing from you.