• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

Elon Musk’s DOGE swiped $329 million in humanitarian funding from Nepal, leaving a Gen Z tech revolution to transform the budding country’s economy

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

Elon Musk’s DOGE swiped $329 million in humanitarian funding from Nepal, leaving a Gen Z tech revolution to transform the budding country’s economy
EIA

Households should see cheaper heating bills this winter

By
Michael Casey
Michael Casey
Down Arrow Button Icon
By
Michael Casey
Michael Casey
Down Arrow Button Icon
October 7, 2014, 2:18 PM ET
Energy
contract armin harrisKyle Bean for Fortune
Google source logo
Add Fortune on Google for similar content.

After enduring a brutally cold winter last year, American households should catch a break this season — and that’s good news for their pocketbooks.

The U.S. Energy Information Administration, in its short-term energy and winter fuels outlook, released Tuesday, projects that homes across the board will see a cheaper heating bills this winter, led by a drop of as much as 34% for homes using propane. The EIA expects a 15-percent decline in the cost of home heating oil, about 5 percent for natural gas and 2 percent for electricity.

The biggest winners will be households in the Midwest that were slammed last winter by frigid conditions and tight supplies of propane. Already, the EIA is projecting that inventories in September were about 15% higher than last year.

“Midwest households that paid extremely high prices for propane last winter will see the biggest drop in their heating bills, which on average should be almost $800 less for the season,” U.S. Energy Information Administration Administrator Adam Sieminski said.

The cheaper bills are due in large part to forecast of a warmer winter, with the National Oceanic and Atmospheric Administration projecting temperatures as much as 16 percent higher than average in many parts of the country. Among the regions expected to be warmer: the Southwest, the South-Central U.S., parts of the Southeast, New England and western Alaska.

Other forces driving down bills include declining energy prices, especially for home heating oil. With prices for crude oil dipping below $90 a barrel last week, oil is now at its lowest level since 2012, partly due to slower-than-expected growth in Europe and China. Energy prices are also lower due to a surge in production from the shale boom in the United States.

About the Author
By Michael Casey
See full bioRight Arrow Button Icon

Latest in


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.