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U.S. winter heating season begins with higher heating oil, propane prices

Stephen Huba
| Tuesday, Nov. 6, 2018, 4:33 p.m.
A Nest Learning Thermostat being installed. The thermostat can lower heating and cooling bills by up to 20 percent.
Sidney Davis | Tribune-Review
A Nest Learning Thermostat being installed. The thermostat can lower heating and cooling bills by up to 20 percent.

U.S. residential heating oil and propane prices at the October start of the winter heating season were 23 percent and 4 percent higher, respectively, than at the start of the last heating season, the U.S. Energy Information Administration said Tuesday.

Residential heating oil and propane prices will remain higher throughout the 2018-2019 winter, contributing to higher energy bills, according to the October Short-Term Energy Outlook . Although winter is expected to be colder than usual in much of the country, temperatures in the Midwest — the region with the most households that use propane for heating — are expected to be 1 percent warmer than last winter.

The Short-Term Energy Outlook forecasts that, because of factors such as higher crude oil prices and lower fuel inventories, average heating oil and propane prices will be 14 percent higher and 4 percent higher than last winter, respectively.

Stephen Huba is a Tribune-Review staff writer. You can contact Stephen at 724-850-1280, shuba@tribweb.com or via Twitter @shuba_trib.

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