Feds Forecast a Less Expensive Heating Oil Winter: What does that mean for state policies?
On October 6, the Federal Energy Information Administration (EIA) projected that heating your home with oil will cost 25 percent less than last year and heating your home with natural gas will cost 10 percent less due to a nice combination of lower prices and a forecast for warmer weather. Temperatures for each month from October through March are expected to be higher than the 10-year average. For heating oil customers, this winter could cost $500 or $1000 less than last winter.