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Winter Home Heating Prices Expected to Decline by 6%

November 11, 2009

The November Short-Term Energy Outlook, released by the US Energy Information Administration on November 10, 2009, forecasts that home energy prices could drop by as much as 6% from last year’s average level of $1,038 to $977. Prices are projected to vary by fuel type as follows: heating oil +4.1% (from $1,864 to $1,940), natural gas –10.9% $889 to $792), propane –10.6% ($1,950 to $1,743) and electricity -0.07% ($953 to $946). The attached table provides summary data by fuel type by region.

Winter Heating Costs Table

Contact: Mark Wolfe, NEADA, 202-237-5199, mlwolfe@neada.org.