HVAC Breaking News

Sept. 13, 2005: DOE Says Winter Heating Season Could Be Expensive

September 13, 2005
/ Print / Reprints /
/ Text Size+
WASHINGTON - According to the U.S. Department of Energy's (DOE's) Energy Information Administration (EIA), "dramatic increases in domestic energy costs, assisted by everything from tight world oil markets, to blistering summer heat, to the ravages of Hurricane Katrina, have made for an exasperating summer for many consumers and have set the stage for a potentially expensive winter heating season beginning a month or two from now."

Looking at projections from the EIA's latest Short-Term Energy Outlook, domestic expenditures for energy for the summer (April through September) are expected to show the following changes from 2004: petroleum: +35 percent; natural gas: +20 percent; coal: +21 percent. Summer expenditures by all consumers on electricity are expected to be up 5 percent for that period.

The current outlook for the upcoming winter (October 2005 through March 2006) shows energy expenditures as follows: petroleum: +34 percent; natural gas: +52 percent; coal: +16 percent. Electricity expenditures for the winter are expected to be up 11 percent. For all of 2005, energy expenditures in the United States are expected to be approximately 24 percent above the 2004 level.

However, with Hurricane Katrina's full impact on near-term domestic oil and natural gas supply still being assessed, the EAI says the fuel price outlook for the upcoming winter remains particularly uncertain for now.

Publication date: 09/12/2005

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: Joseph Groh

Joseph Groh, an industry veteran boasting 35 years of HVAC experience, discusses the 2008 bicycle accident that cut his career tragically short, and how the Joseph S. Groh Foundation is his way of giving back to the construction trade. Posted on Aug. 22.

More Podcasts


NEWS 08-25-14 cover

2014 August 25

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Prohibiting HFCs

EPA is proposing a rule that would prohibit some HFCs in select refrigeration applications. Do you agree with this move?
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