Heating your home will be $177 more this winter. Here's why

[mystery-ak]

 Published 1 hour ago

Heating your home will be $177 more this winter. Here's why

The average cost of home heating is estimated to increase by $177 – roughly 17% – since last winter's heating season. This would be the second year in a row of significant price increases and the highest prices in more than 10 years.
By Chris Oberholtz Source FOX Weather

   NEW YORK – If heating your home was expensive last year, you might want to budget for more this winter – and possibly years to come.

The average cost of home heating is estimated to increase by $177 – roughly 17% – since last winter's heating season, the National Energy Assistance Directors Association projects. This would be the second year in a row of significant price increases and the highest prices in more than 10 years.

Since 2020, the cost of home energy has increased by more than 35%, according to NEADA data.

"Putin's invasion of Ukraine on Feb. 24 has a lot to do with this, not exclusively. There are many other factors at play," said Gernot Wagner, a climate economist at Columbia Business School. "As long as we are dependent on commodities, like oil, coal and especially gas in this case, to heat our homes or power our economy, we will be vulnerable to their price fluctuations."

And every time they reach highs, utility bills go up, Wagner adds.

"We live in inflationary times," he said.

Yet some of that is good news, Wagner feels, when looking at the recovery from the economic effects of the pandemic faster than anticipated. And a lot of it is bad news due to high and wildly fluctuating fossil fuel prices and the U.S.'s dependence on them to heat homes and to drive the economy.

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https://www.foxweather.com/lifestyle/high-heating-bill-winter

[Smokin Joe]

In North Dakota, especially with Natural Gas prices up, $177 over six months would seem cheap. A mere 7.3%, less than other sectors of inflation. I expect worse.

[libertybele]

In looking at the recovery of the economy from the pandemic being faster than anticipated is the reason that they're trying to sell for skyrocketing electric bils???

How about Joe made us energy dependent again!   

I hope people aren't stupid enough to keep believing the lies from the left and remember what the economy was like before Joe stole the election.

[libertybele]

In North Dakota, especially with Natural Gas prices up, $177 over six months would seem cheap. A mere 7.3%, less than other sectors of inflation. I expect worse.

$177 over six months is cheap.  Our rates have doubled per month in the past 6 mos and rumor has it we are expected to see another monthly rate increase.

[rustynail]

It will be alright when we get our 'Energy Checks'.