Consumers Face Record Heating Oil bills:
“Cold weather hasn’t hit the Northeast yet, but record heating-oil prices mean high heating bills are on the way for many residents.
About eight million U.S. households – largely in New England and the Central Atlantic states – rely on heating oil to run their furnaces each winter. Last week, heating-oil futures hit a record of $2.36 a gallon, up more than 40% since the start of the year.
for more information : Kentucky Insurance
Weather forecasters are predicting a colder winter than last year, despite the unseasonably warm October in the Northeast. That’s going to lift heating costs no matter what fuel a homeowner uses. Consumers who use heating oil, though, will feel the most pain. Their winter heating bill for the season is expected to average $1,785, compared with $891 for households that use natural gas, according to the Department of Energy. Unlike crude oil, natural-gas prices have been relatively restrained in the U.S. this year…..” Real Estate Journal
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