Forecast for Winter Heating-Fuel Prices Lowered

[Robb]

NEW YORK -(Dow Jones)-
The federal Energy Information Administration (website) lowered its price forecasts for heating fuels and crude oil this winter.

The new forecasts promise some measure of relief for consumers. But the EIA, the statistics arm of the U.S. Department of Energy, also cautioned that markets will remain tight even if the Organization of Petroleum Exporting Countries continues to pump at current high levels.

(snip)

The EIA now sees heating oil expenditures by households in the U.S. Northeast, where most is consumed, running 34% above last winter's levels, with retail prices averaging $1.85 a gallon. Natural gas prices are now seen 9% over last year's levels. Propane costs are seen up 22% this year.

Those increases are "marginally" less severe than those projected in last month's forecast, owing to the recent decline in prices and expectations of lower demand, the EIA said. Gasoline prices have also fallen in the past month, but the EIA doesn't expect that decline to last.

(more)

[durablend]

1. More propoganda...

Ah, another load of crap from *co.

You're going to pay the same amount (if not more) than you would've when the previous survey came out, but they're planting a number in your head that would be even higher "if conditions were worse than they are now".

I don't expect my propane bills to be lower than the 28% more I'm paying this year.

[Stinky The Clown]

2. See .... its not so bad ......

:shrug: