Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Big Drop Seen in Winter Heating Bills(More Good News!)
money.cnn.com ^ | October 10 2006: 10:15 AM EDT | Steve Hargreaves

Posted on 10/10/2006 7:26:07 AM PDT by kellynla

NEW YORK (CNNMoney.com) -- Those not lucky enough to head south for the winter can take take solace in at least one bit of news: Winter heating bills for many Americans to be a lot lower.

Bills for homes heating primarily with natural gas are expected to be about $119, or 13 percent, less this winter, the Energy Information Administration said.

Special Reportfull coverage

Big drop seen in winter heating bills Oil creeps above $60 EIA eyes stable oil flow, mild winter Gas tumbles, but don't get used to it

EIA, the government agency that tracks energy statistics off all types said the drop was due to forecasts for a warmer than usual winter.

But last year, heating bills and especially natural gas bills, were abnormally high due to Hurricane's Rita and Katrina, which devastated large parts of the Gulf Coast and severely disrupted oil and natural gas production.

Not everyone will pay less Although this winter is expected to be about 2.1 percent warmer than usual, the government said it will still be 5.9 percent colder than last year, which was one of the warmest winters on record.

Because of that, people using home heating oil can expect to pay about $91, or 6 percent more, than last year, EIA said.

Heating oil prices didn't skyrocket last year nearly as much as natural gas prices did because, unlike natural gas, oil can easily be put on a ship and transferred around the globe to cover areas hit by localized outages, like the ones following the hurricanes.

Households heating primarily with propane can expect to pay an average of $15, or one percent, less this winter. Households heating primarily with electricity can expect to pay and average of $58, or 7 percent, more, EIA said.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; Foreign Affairs
KEYWORDS: energy; fueloil; globalwarming; heatingoil; naturalgas; oil; propane
Navigation: use the links below to view more comments.
first 1-2021 next last

1 posted on 10/10/2006 7:26:07 AM PDT by kellynla
[ Post Reply | Private Reply | View Replies]

To: kellynla

I'm a little bummed that I locked in a relatively high price for propane, but who knows what all might happen this winter to affect supplies - I'm not going to worry about it.


2 posted on 10/10/2006 7:28:56 AM PDT by mvpel (Michael Pelletier)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mvpel

Don't worry, the second a snowflake hits the ground in Alaska, they'll claim it means the worst winter we've ever seen and prices will shoot through the roof. So your locked in price will probably still be ok.


3 posted on 10/10/2006 7:34:27 AM PDT by mysterio
[ Post Reply | Private Reply | To 2 | View Replies]

To: mysterio
Gosh! I thought Global Warming had canceled Christmas. Heck, Al Gore told us that Santa's sleigh was obsolete, and this Christmas, he'd chucking all our toys out of a Chinook or a Black Hawk.
4 posted on 10/10/2006 7:39:36 AM PDT by .cnI redruM (Appeasement never works. It only encourages new and escalating demands.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: kellynla
El Nino!!

I must say, we installed a new HE condenser unit, refrigerator and washer and dryer. I gotta tell you, I save over $450.00 per month and the bills just keep decreasing! My water bills keep coming in with the minimal readings. It might be the most economical decision I ever made.
5 posted on 10/10/2006 7:44:13 AM PDT by poobear (Political Left, continually accusing their foes of what THEY themselves do every day.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mysterio

Don't say that!!! I didn't "lock in!" Egad!!!


6 posted on 10/10/2006 7:45:23 AM PDT by SierraWasp (To be fair, Bill Clinton did more than any other President to protect us from the Branch Davidians!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: .cnI redruM

No, global warming means global cooling now, I think. Al Gore has decided it's caused by smokers.


7 posted on 10/10/2006 7:46:32 AM PDT by mysterio
[ Post Reply | Private Reply | To 4 | View Replies]

To: poobear

cool -

just ordered a trane 90+ efficiency forced air unit here - I'll let you know how it works out - our present furnace dates to 91 and is about 70% efficient - hoping to save a few bucks


8 posted on 10/10/2006 8:14:21 AM PDT by Revelation 911
[ Post Reply | Private Reply | To 5 | View Replies]

To: kellynla

whoever wrote this, is mentally ill

...................................
this what has happened.
speculators bidup the price of futures contracts...
gas companies,operated by people-on-the-take,'lock-in' the
insane prices
consumers pay the insane prices.
.....................................
don't believe me?
look here
residential price, 15.63, July-06

http://tonto.eia.doe.gov/dnav/ng/ng_pri_sum_dcu_nus_m.htm


9 posted on 10/10/2006 8:15:10 AM PDT by greasepaint
[ Post Reply | Private Reply | To 1 | View Replies]

To: kellynla

IBRYMB!


10 posted on 10/10/2006 8:15:16 AM PDT by dfwgator
[ Post Reply | Private Reply | To 1 | View Replies]

To: kellynla

A reduction of the price rise is seen as a cut?


11 posted on 10/10/2006 8:18:49 AM PDT by printhead
[ Post Reply | Private Reply | To 1 | View Replies]

To: kellynla

Bush's fault


12 posted on 10/10/2006 8:19:32 AM PDT by TC Rider (The United States Constitution 1791. All Rights Reserved.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: greasepaint

Too bad this little chart you found doesn't show today's prices, which are in the $6 range and have gone as low as about $4.50 just within the last month.


13 posted on 10/10/2006 8:23:39 AM PDT by Trust but Verify
[ Post Reply | Private Reply | To 9 | View Replies]

To: Trust but Verify

you refer to the 'spot' price, or perhaps
current or one-month-out futures

nothing to do with residential price


14 posted on 10/10/2006 8:27:13 AM PDT by greasepaint
[ Post Reply | Private Reply | To 13 | View Replies]

To: kellynla

RE: "Although this winter is expected to be about 2.1 percent warmer than usual"

A highly suspect prediction, based on the same flawed global climate models that depict exagerated "global warming" over the next 10 plus years.


15 posted on 10/10/2006 8:32:30 AM PDT by GOP_1900AD (Stomping on "PC," destroying the Left, and smoking out faux "conservatives" - Take Back The GOP!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Revelation 911

I was hesitant at first, you know "if it ain't broke don't fix it" then fuel went over $75.00 per barrel and my power and water went through the roof. You will be very pleased at your rewards for purchasing EI appliances.

No, I'm not a salesman...


16 posted on 10/10/2006 8:37:01 AM PDT by poobear (Political Left, continually accusing their foes of what THEY themselves do every day.)
[ Post Reply | Private Reply | To 8 | View Replies]

To: mysterio
Don't worry, the second a snowflake hits the ground in Alaska, they'll claim it means the worst winter we've ever seen

This happened more than a month ago.

17 posted on 10/10/2006 9:09:50 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 3 | View Replies]

To: kellynla
Although this winter is expected to be about 2.1 percent warmer than usual, the government said it will still be 5.9 percent colder than last year, which was one of the warmest winters on record.

This is 100% gub'mint BS. What's it gonna do Saturday on my wedding anniversary?

18 posted on 10/10/2006 9:16:07 AM PDT by metesky (My investment program is holding steady @ .05 a can.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: thackney

Well, then somebody's not on the ball. I mean, do they want to make cash or don't they? The market's not going to manipulate itself.


19 posted on 10/10/2006 9:30:04 AM PDT by mysterio
[ Post Reply | Private Reply | To 17 | View Replies]

To: greasepaint
Residential prices are dropping.

Lower gas prices should cut US heating bills this winter: EI
http://www.platts.com/HOME/News/8675659.xml?sub=HOME&p=HOME/News

Vectren Expects Heating Bills to be Lower This Winter
http://www.insideindianabusiness.com/newsitem.asp?ID=20015

Heating Bills to Drop for Natural Gas Users
http://www.smartmoney.com/bn/ON/index.cfm?story=ON-20061010-000304-0845

Lower heating bills seen for many U.S. households
http://www.marketwatch.com/News/Story/Story.aspx?dist=newsfinder&siteid=google&guid=%7BC068392D-0736-407F-8476-9F4C331AF9CB%7D&keyword=

DOE: US to See Lower Heating Bills
http://news.moneycentral.msn.com/provider/providerarticle.asp?feed=AP&Date=20061010&ID=6090836

Winter Heating Bills Likely to Be Lower
http://abcnews.go.com/Business/wireStory?id=2549227

Winter should be easier on the wallet
http://www.chron.com/disp/story.mpl/headline/biz/4247398.html
20 posted on 10/10/2006 9:39:30 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 14 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson