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US homes will pay more to warm their homes this winter, the report said: NPR

Flare natural gas will be burned on February 5, 2015 at Apache Corporations, a deadwood natural gas plant in the Permian Basin in Garden City, Texas.

Spencer Platt / Getty Images


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Spencer Platt / Getty Images

Flare natural gas will be burned on February 5, 2015 at Apache Corporations, a deadwood natural gas plant in the Permian Basin in Garden City, Texas.

Spencer Platt / Getty Images

Federal officials have announced that US homes can be expected to spend more money to warm their homes this winter compared to last year.

NS report Home heating costs are projected to rise as fuel prices rise and demand rises compared to the previous winter, the Energy Information Agency said Wednesday.

Many energy prices fell sharply last winter due to the sharp decline in demand caused by the COVID-19 pandemic. However, officials said prices have since recovered, in some cases reaching their highest levels in years, partly due to the effects of the economic recovery.

How much is the energy price going up?

All home consumers should expect to pay more for heat, but authorities say the type of fuel you use determines how much extra you have to pay.

Almost half of all US households warm their homes with natural gas, which averages 30% higher this winter, while electrically warmed homes are 6% higher. Winter fuel outlook.. According to the report, it costs an average of $ 746 to heat a house with natural gas this winter, but those who use electric heat can spend about $ 1,268 on electricity this season.

Far fewer households keep their homes warm with kerosene and propane, but the cost is expected to be even higher. Kerosene users pay an average of 43% higher than last winter, while propane users pay 54% more.

The EIA said these estimates are based on weather forecasts from the US National Oceanic and Atmospheric Administration, which predict colder winters. However, the report states that even if this winter is a little warmer than expected, all home consumers who use any of these four fuels will still pay more for heat.

Energy producers blame the Biden administration

In a statement, Ann Bradbury, CEO of the American Expeditionary Production Council, pursued the policy she said made it difficult for U.S. producers to supply oil and natural gas. Blew up the Biden administration.

“To ensure a stable and affordable energy supply here in the United States, Biden Administration supports domestic production of oil and natural gas, ensures continuous production on federal land, and wise and smart methane regulation. We need to work with the industry on this, and stop demanding high taxes on the US oil and gas industry, “Bradbury said.

However, the Energy Intelligence Agency said the main reason for the soaring energy prices was that fuel demand soared from recent lows faster than producers increased supply.

Rising energy prices are just the latest example of steady growth in inflation as the global economy recovers after the first year and a half of the pandemic. on Wednesday, Ministry of Labor reported Consumer prices have risen 5.4% in the last 12 months, comparable to the highest levels of inflation seen in the United States over a decade.

US homes will pay more to warm their homes this winter, the report said: NPR

Source link US homes will pay more to warm their homes this winter, the report said: NPR

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