Update 1: Heating Costs for Natural Gas to Jump
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As if $2 a gallon gasoline hasn&#39;t been bad enough, people now should be bracing for sharply higher heating bills this winter whether they use oil or natural gas to warm their homes.
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A. With history as a guide, it&#39;s not unreasonable to expect gas to be cheaper in winter months. Instead, the average retail price nationwide is just below $1.95 a gallon.
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record-high crude oil prices, and they are likely to continue rising, an industry analyst said Sunday. From Sept. 24 through Friday, the combined national average for all grades of gas rose from $1.
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Households across Britain are facing the prospect of higher fuel bills, with one of the big six gas and electricity suppliers expected to announce price increases today
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NStar Gas residential customers will pay on average $38 a month less than they did last winter, and for the first time will be able to lock in a winter-long rate that one top consumer advocate called a good deal.
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Crude oil futures jumped toward $44 a barrel yesterday as traders appeared to remain concerned about tight supplies of heating oil ahead of the government's next petroleum supply report and as colder weather approached the Northeast.
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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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Business & money: British Gas owne signals that household energy bills could have to rise in the new year
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WASHINGTON - Oil prices charged toward $50 a barrel Monday, and gasoline prices surged to $1.92 a gallon last week, as petroleum output in the Gulf of Mexico returns at a slower-than-expected rate after Hurricane Ivan and geopolitical unrest keeps traders on edge.   "The Ivan damage is persisting," said John Kilduff, senior oil analyst at Fimat USA in New York...
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Heating-oil and natural-gas prices are already up, and gasoline costs could rise, too.
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Most households and businesses will pay more for heating this winter as the prices of crude oil and other energy sources continue to rise.
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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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Oil prices rose nearly $2 on Thursday  after a big fall in U.S. natural gas inventories triggered  renewed concerns about winter fuel stocks in the world's  biggest energy-consuming nation.
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Oil surged $1, toward $60, 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. consumers will see their  natural gas bills rise 15 percent this winter compared to last  year, and pay 28 percent more to warm their homes with heating  oil and 22 percent more to heat with propane, the government  said on Wednesday.
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U.S. consumers are expected to pay record prices for heating oil, electricity and propane to warm their homes this winter, and low-income families will need government help to cover those bills, government energy officials said on Tuesday.
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This winter, rising oil prices will translate into higher heating bills for households.