Winter fuel bills to rise in US
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The dizzying rise in crude oil prices will hit home in US households this winter as fuel bills are set to rise sharply.
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Oil bounced back above $59 on Tuesday on expectations the coldest weather of the U.S. winter would cut heating oil stocks in the world's top energy consumer.
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U.S. retail gasoline prices jumped passed &#36;1.90 a gallon for the first time since early December and diesel fuel costs rose to the highest level in seven weeks, the Energy Department said on Monday.
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Residential heating costs are projected to soar this winter to more than $1,000 on average because of higher fuel prices and colder weather, the government said yesterday.
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Oil prices jumped to the highest  level in two weeks on Thursday, buoyed by a cold weather front  in the United States and below-average stocks of winter heating  fuels.
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Oil prices climbed above $42 a barrel  on Wednesday, rising for the third day in a row as the heavy  consuming U.S. Northeast felt the first chills of winter.
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Oil prices rose on Wednesday as a U.S. government report showed heating fuel stocks in the world's largest energy consumer remained tight ahead of the winter, despite a small build in distillate supplies.
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Business & money: British Gas owne signals that household energy bills could have to rise in the new year
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Those words of wisdom attributed to Mark Twain couldn&#39;t be truer than in the natural gas market. Energy traders and meteorologists are expecting a cold winter, which means higher-than-usual natural gas prices.
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Oil prices rose for the second day in a row on Thursday with an Arctic blast forecast to hit the United States next week, ramping up demand for heating fuels.
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Oil prices ticked higher on Tuesday, holding above &#36;42 a barrel as dealers awaited signs of any renewed cold snap that would revive demand for winter heating fuels in the United States.
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Over the summer, rising oil prices meant higher gasoline costs for drivers in the United States. This winter, as crude oil touched $53 a barrel today, they will translate into higher heating bills for American households.
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Crude oil futures are headed for their biggest weekly gain in 21 months on speculation cold weather may boost demand in the US Northeast, where 80 percent of the country&#39;s heating oil is used.
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This winter, as crude oil touched $53 a barrel today, they will translate into higher heating bills for American households.
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More than 6m households face a 15% jump in fuel bills from today after Britain's fourth largest energy supplier, npower, confirmed details of its plans to raise prices. Competitors are widely expected to follow suit, marking a return of annual fuel bills of more than Â£1,000.
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Oil rose above $61 on Wednesday, pushed higher by expectations colder weather in the U.S. Northeast would boost demand in the world's top heating oil market.
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Oil prices stayed close to six-week  highs on Friday on forecasts that a bout of cold weather in the  United States would raise demand for heating fuels and natural  gas.