With Cold Winter Ahead, Higher Fuel Costs
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Residential heating costs are projected to soar this winter to more than &#36;1,000 on average because of higher fuel costs and expected colder weather, the government said Wednesday.
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Oil prices broke into record  territory above $52 Thursday on heightened concerns that  supplies of heating fuels will prove inadequate during the  northern hemisphere winter.
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Oil prices edged up toward $48 a  barrel early on Friday as worries that an early or severe  winter could stress low winter fuel stocks helped staunch the  market's $8 tumble from record highs.
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Heating bills will still be higher this winter, but costs appear to have peaked last month.
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Natural gas customers in Greater Boston can expect to pay roughly 8 to 12 percent less to heat their homes this winter, but the cost of heating oil is rising as world oil prices soar.
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Oil prices climbed more than $2 higher on Friday on renewed concern over supplies of distillate fuels in all main consuming centers before the Northern Hemisphere winter.
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Higher gas prices may be the best way to slow global warming.
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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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Top forecasters predict normal to  colder-than-normal weather for the U.S. Northeast this winter,  but high fuel stockpiles may buffer consumers in the world's  biggest heating oil region from price spikes.
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Oil prices climbed $2 higher on Friday  on renewed concern over tight supplies of distillate fuels in  all main consuming centers ahead of the Northern Hemisphere  winter.
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US demand for natural gas this winter is expected to increase 4.4 percent from last year, and prices should be higher even though inventories will be near record levels at the start of the heating season, a industry trade group said
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Oil prices rose well over a dollar on  Friday, spurred by worries a cold spell in the United States  could erode already depleted winter fuel inventories.
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Oil prices climbed above $42 a barrel on  Wednesday, rising for the third day in a row as cold weather  gripped the U.S. Northeast, the world's biggest heating fuel  market.
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Crude oil climbed to a two-week high on concern colder winter weather will drain supplies of North American and European heating fuels before inventories rebound.
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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.
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Oil prices climbed more than $2 higher  on Friday on renewed concern over  supplies of distillate fuels  in all main consuming centers before the Northern Hemisphere  winter.
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Oil prices surge to new highs in Asia and London amid concerns over winter fuel shortages.