These top-rated products will help you save money
DEAL OF THE DAY
ENDS IN
DEAL OF THE DAY
ENDS IN
DEAL OF THE DAY
ENDS IN
DEAL OF THE DAY
ENDS IN


Heating oil, propane or electricity: which heating fuel is going to be more expensive in 2021?

The U.S. Energy Information Administration projects a 10% decline in spending for home heating oil this winter while spending for propane is projected to grow 14%. There are projected increases of 6% for natural gas, and 7% for electricity, the agency says. (Associated Press).

Many families were already struggling to pay utility bills because of the pandemic, so any increase is a concern, said Mark Wolfe of the National Energy Assistance Directors Association in Washington, D.C.

With so much uncertainty, the National Energy Assistance Directors Association is asking Congress for at least an additional $4.3 billion for home energy assistance for the coming year, Wolfe said.

The extra funding would help people with outstanding utility bills, as well the need for assistance in the coming year, he said.

About one out of seven households is behind on energy bills and arrearages will grow without more federal help, Wolfe said.

Experts recommend to shop around and research heating oil or propane vendors near you who may offer a better deal on heating fuel: try fuelwonk price comparison search in 30 seconds or less.

Image by Kim Woodbridge / Flickr

Have questions about heating oil or propane, choosing the right vendor, or heating your home economically?
See our collection of tips and articles:

There are lots of low- and no-cost actions you can take now to lower your energy bill. Many may seem inconsequential, but small changes add up and can have a big effect. Here are 12 ideas to get you started.
The average cost of heating a home this winter is expected to be $972, which is up from $888 last year, but down from October projections of $1,056, said Mark Wolfe, executive director of the National Energy Assistance Directors Association.
Top five tips to cut costs and winterize your home: Windows – Check for leaks around the edges where the window is hinged, slides or meets another unit. Clean the tracks of any debris that might be interfering with seals. Lock..
Those who heat their home with natural gas might see a 50% jump, and households using heating oil and propane could see rates climb 59% and 94%. Amid dropping temperatures and rising heating bills, strategies to lower your heating bill may be sorely needed this winter.
Energy prices are up 33.3% on the year, according to the November consumer price index from the Bureau of Labor Statistics. Fuel oil is nearly 60% more expensive than last year, electricity is up 6.5%, and natural gas increased more than 25%.
The cost of heating a home with natural gas, the most common fuel in Ohio, this winter is expected to increase by 30% compared to last year, according to a report released in October by the Energy Information Administration. Propane and heating oil prices will go up 54% and 43%, respectively, while electricity is expected to see the smallest increase at 6%.

Find a better deal on heating oil or propane from local vendors in 30 seconds or less:


Fuelwonk recommends comparing local vendor propane and heating oil prices before you make the decision to fill up your home tank - use our online comparison tool to find the best offers in your area.