Consumers Face Record Heating Oil Bills

Consumers Face Record Heating Oil bills:
“Cold weather hasn’t hit the Northeast yet, but record heating-oil prices mean high heating bills are on the way for many residents.
About eight million U.S. households – largely in New England and the Central Atlantic states – rely on heating oil to run their furnaces each winter. Last week, heating-oil futures hit a record of $2.36 a gallon, up more than 40% since the start of the year.
for more information : Kentucky Insurance
Weather forecasters are predicting a colder winter than last year, despite the unseasonably warm October in the Northeast. That’s going to lift heating costs no matter what fuel a homeowner uses. Consumers who use heating oil, though, will feel the most pain. Their winter heating bill for the season is expected to average $1,785, compared with $891 for households that use natural gas, according to the Department of Energy. Unlike crude oil, natural-gas prices have been relatively restrained in the U.S. this year…..” Real Estate Journal

Consumers Face Record Heating Oil Bills Consumers Face Record Heating Oil Bills Reviewed by Kelly Miller on October 24, 2007 Rating: 5

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