US Gas and Propane Heating Costs to Fall This Winter
The US Energy Information Administration reports that households heating with natural gas and propane will spend less this winter due to strong inventories. However, homes relying on heating oil will face significantly higher costs amid tight global distillate supplies.
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United States households heating primarily with Natural Gas or propane will spend 9% and 3% less respectively this winter, the EIA said on Tuesday. The lower costs stem from strong inventories heading into the winter heating season. Investors must weigh these consumer savings against surging distillate costs driven by global supply shortages.
