Consumers face record winter heating costs
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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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Oil prices set a new record today on concerns over tight winter heating fuel supplies and news that a strike in Nigeria could put some crude exports on hold.
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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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World oil prices raced to record highs on Thursday as news of a decline in heating oil inventories rattled traders in the run-up to the northern hemisphere winter.
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Homes are increasingly filled with refrigerators, plasma TV sets, and lap pools that drive up energy costs.
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Consumer group complains of higher prices in U.K. than elsewhere in Europe.
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As winter settles in, here are some money-saving tips for keeping the cold out.
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The U.S. average retail price for home heating oil soared 5.4 cents over the past week to a record $3.40 a gallon, the government said on Wednesday.
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U.S. consumers are facing higher prices for appliances with retailers raising prices this month to offset rising raw material costs.
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Heating oil prices are unusually high right now, so high that some analysts are wondering whether it's worthwhile for homeowners to try to lock in a price at these levels for the winter.
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Oil prices broke into new 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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SAN FRANCISCO (CBS.MW) -- Strength in heating-oil and natural-gas futures led an overall climb among energy prices for a second session Tuesday, as cold US weather sparked concerns over heating-fuel supplies for the winter season.
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The average price of heating oil in Massachusetts hit $1.99 a gallon yesterday, the highest level for this time of year in at least a decade.
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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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The U.S. winter will be longer and  slightly colder than the last, private forecasters say,  spelling a spike in heating oil and natural gas demand even as  high oil prices drive up the cost of heating.
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U.S. consumers will pay record prices for gasoline this spring, with national monthly pump costs peaking near $3.50 per gallon when the busy driving season begins, the government's top energy forecasting agency said Tuesday.
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This month is likely to be a record-setter for high temperatures in New York and the Northeast. We ask the experts why.