Home heating costs will rise sharply this winter, federal government forecasts
CNN
Americans should expect to shell out more money to heat their homes this year — especially if it's a very cold winter.
Compared with last winter, households will spend 54% more for propane, 43% more for home heating oil, 30% more for natural gas and 6% more for electric heating, the US Energy Information Administration said in a new report Wednesday.
The EIA expects home heating prices to rise across the country, for all heating fuels and under a variety of weather contingencies.
Millions of Americans have taken to the skies, hit the road, fired up the barbecue grill and jumped into the pool this weekend to celebrate the start of summer 2024. Analysts are expecting the Memorial Day weekend to usher in yet another summer of strong consumer spending on travel and other leisure activities.