US Home Heating Costs Projected to Rise 7 Percent
The National Energy Assistance Directors Association warns that average US home heating costs will rise over 7 percent this winter due to global supply disruptions.
Average home heating costs in the United States are projected to increase by more than 7 percent this winter, according to a report from the National Energy Assistance Directors Association. The price hikes are driven by supply disruptions resulting from the U.S.-Israeli war with Iran and the ongoing Russian war in Ukraine, which have reduced refinery production in the Middle East and Russia.
Households relying on heating oil, particularly in Alaska and the Northeast, face the most severe impact, with costs potentially rising 70 percent to a seasonal average of $2,977. Other energy sources will also see increases, with electricity-based heating projected to rise 6 percent to $1,215 and propane costs increasing 5 percent to $1,350.
Mark Wolfe, executive director of the association, warned that states must prepare for the possibility that prices will remain high. This forecast follows data from the Energy Information Administration showing that rising costs led utilities to disconnect over 15 million customers in 2024.
