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