BERLINE, CT — According to Yankee Gas, following last year’s record winter warmth and lower energy prices, consumers can expect to pay higher energy prices across the board this heating season. The utility says that the U.S. Department of Energy (DOE) is expecting a 12% increase in demand for natural gas compared to last year, assuming normal weather conditions.
The DOE is also predicting natural gas prices will increase 19% on average nationally, compared to last year, while heating oil will increase an average of 45%. Yankee Gas says that this comes at a time when production is down, the economy continues to have a negative effect on consumer spending patterns, and the U.S. appears poised for war with Iraq. In addition, the utility company says that weather will also play a role.