Nearly half of U.S. households who heat primarily with natural gas are projected to spend 30% more than they did last winter on average, according to the Winter Fuels Outlook 2021 report from the U.S. Energy Information Administration. The 41% who heat with electricity are slated to spend 6% more.
The smaller portions who heat mostly with propane or heating oil — 5% and 4% of households, respectively — could see even bigger leaps in cost. Propane users will spend 54% more this winter, while heating oil users could see bills go up 43%, according to the report.
Inflation is the culprit. 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%.
Illustration photo: Jori Samonen