HVAC Breaking News

Nov. 23, 2004: Winter Heating Bills Expected To Rise Even Higher

November 23, 2004
/ Print / Reprints /
/ Text Size+
WASHINGTON - Because of higher oil prices, the latest projections for this winter's household heating costs indicate greater increases for heating oil and propane users, according to the U.S. Department of Energy's (DOE's) Energy Information Administration (EIA).

The EIA says that households using heating oil are now expected to see heating bills rise about 37 percent above last winter, compared to the previous projection of a 28-percent increase. Propane-heated households can expect to see increased expenditures of about 26 percent this winter, compared with a 22-percent increase projected last month. Expected increases in expenditures for natural gas-heated households remain the same as last month at about 15 percent.

The increases are mainly due to higher energy costs this year. According to the EIA report, U.S. spot prices for crude oil ranged from under $49 per barrel to more than $56 per barrel in late October and early November, largely because of production losses in the Gulf of Mexico caused by Hurricane Ivan. Those production losses also caused natural gas prices to increase. The EIA also noted additional increases in world demand for oil, and has boosted its projected growth in demand for 2004 to 3.5 percent above 2003 levels. Last month's report had projected a growth in demand of 3.3 percent.

Publication date: 11/22/2004

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.


NEWSMakers: Mark Satterfield

Mark Satterfield, founder and CEO of Gentle Rain Marketing Inc. and author of “The One Week Marketing Plan” talks about his book and the importance of HVAC blogging. Posted on Sept. 19.

More Podcasts


NEWS 09-15-14 cover

2014 September 15

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Venting R-22

The NEWS reported that a man received prison time for venting R-22. Should EPA step up enforcement?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con