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Govt. Predicts Heating Bills Will Be Between 30% to 54% More Than Last Winter

Govt. Predicts Heating Bills Will Be Between 30% to 54% More Than Last Winter

The officials predict we will have 3% more heating days than last winter.

The supply chain is still messed up. We know the holidays will be a drain due to inflation and empty shelves.

Now the U.S. Energy Information Administration (EIA) predicts we will pay over 30% more on heating than we did last winter.

The EIA analyzes the four main heating fuels: natural gas, electricity, propane, and heating oil. The predictions are good from October to March:

Retail energy prices for several fuels are already at their highest point in several years. Although price increases over the past year can be attributed to several factors, the main reason wholesale prices of natural gas, crude oil, and petroleum products have risen is that fuel demand has increased from recent lows faster than supply, in part, because of economic recovery after the first year of the COVID-19 pandemic. To varying degrees, these increases in wholesale prices are being passed through to consumers.

Changes in wholesale propane and heating oil prices pass through to retail prices much more quickly than changes in wholesale natural gas or electricity prices pass through to customers’ rates. In addition, many propane and heating oil users buy supplies before winter and refill as needed. When forecasting expenditures, we assume the consumer’s cost for the fuel is the retail price at the time they use the fuel rather than the actual purchase price.

Electricity heats up the majority of houses in America. That source will only go up by 6% this winter.

Only 9% of the houses use propane or heating oil, but those people see the biggest increase. This happens because those price changes “pass through much more quickly to consumers” unlike electricity and natural gas.

Public utilities like electricity and natural gas must have their price increases approved.

Propane and heating oil goes straight to the market.

“Residential energy consumption in our forecast relies heavily on weather expectations, which we base on the National Oceanic and Atmospheric Administration’s (NOAA) most recent forecast of how cold a winter it will be, using heating degree days as the measure,” wrote the EIA. “Heating degree days reflect temperature deviations from a base temperature of 65 degrees Fahrenheit, and more heating degree days indicate colder weather.”

The officials predict we will have 3% more heating days than last winter.

I thought the climate change everyone talks about meant the earth was getting warmer.

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Comments


 
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rhhardin | October 14, 2021 at 9:15 am

Price rises are good in that they bring out new supply while simultaneously reducing demand.

They’re here a symptom of awful Biden policies, which will not be discovered. Instead, they will threaten to reduce the price rises, which reduces that supply and increases that demand. In the worst case they nationalize the evil corporations and go Venezuela.

Would have been simpler to open the pipeline instead of cancelling it.


     
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    randian in reply to rhhardin. | October 14, 2021 at 10:05 pm

    They would bring out new supply, in a free market. The the Federal boot on the neck of the energy industry no new supply will appear, which will cause sharp price spikes, such as those we saw in California a few years ago.


 
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Ben Kent | October 14, 2021 at 9:20 am

THE HIDDEN TAX ON AMERICA

Biden said “No Tax on Americans making less than $400,000”

As usual with politicians, its all semantics to Gaslight the public –

1. BIDEN raises corporate taxes – which gets passed on to consumers in higher prices;
2. BIDEN pushes massive spending which is results in inflation – an indirect tax on all Americans – and a very regressive tax that hurts the lower income and fixed income folks the most.


 
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henrybowman | October 14, 2021 at 9:25 am

“Does everyone know where the closest Federal Reserve branch is to them? You might want to look that up.”
Wouldn’t be in the Murrah Building, would it?
Like the traficantes who mount statuettes of Jesus Malverde in their vehicles, I think I’m going to earn a few bucks striking a line of scapular medals of Saint Carl Drega.

Why is taxpayer money being wasted on an “Energy Information Administration?”

How are these guesstimates going improve my ability to pay the outrageous prices the current administration has caused?


 
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2smartforlibs | October 14, 2021 at 11:07 am

And this loony regime deserves all the credit.

Someone long ago reminded us that the 9 scariest words were “I’m from the government, and I’m here to help”. It seems we need to be reminded again.


 
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Unpronounceable | October 14, 2021 at 11:54 am

This makes me glad I moved to zip code 96720 seven years ago. All of my heating and air conditioning needs are provided by something called “The Trade Winds” which are free.


 
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E Howard Hunt | October 14, 2021 at 1:09 pm

I was upset about this until Pelosi, Harris and AOC explained about how being really cold will combat global warming.

Oklahoma Natural Gas has a program that you can lock into a rate in November. The rate is based on their own locked in prices. I opted in again this year. Some years it is worth it, others are a bust.

Both of the utilities that I deal with (gas and electric) let me pay based on a yearly average so the seasonal impacts are lessened. It is worth the option since you can always pay extra when you have the funds.,


     
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    Arminius in reply to Liz. | October 15, 2021 at 11:34 am

    I get the feeling you aren’t onboard with the commie game that is afoot here. I know I can come across as offensive. But I hope I’m not coming across that way in any sense of the word. “Scranton Joe” does not want to help you to heat your house or pay your bills. And when you freeze to death his party that was in on the kill will hope everyone blames capitalism and really embark on a murder spree.


 
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Arminius | October 15, 2021 at 8:04 am

They hate you and want you dead.

https://apnews.com/article/fact-checking-9953125062

Fact checkers. What would we do without them.

“Photo does not show a helicopter de-icing a wind turbine in Texas”

See? I didn’t just show you a photo of what you just saw. And I didn’t, given the narrow definition of your Lady of What The Fuck. I didn’t,. if you want to believe Her Holiness Greta Thunberg.

On the other hand I just showed you a pic of what it takes to de-ice a wind turbine. Want to see it again?


 
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Arminius | October 15, 2021 at 8:17 am

https://www.bing.com/videos/search?q=ALPINE+helicopter+deicing&view=detail&mid=21767BB4BCA4714BB98021767BB4BCA4714BB980&FORM=VIRE

Yeah. I just didn’t show you that. Because it wasn’t shot in Texas. So it doesn’t count. See how this fact checking business works?

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