Winter heating oil costs are forecast to rise 31.3% due to the US-Iran conflict.
NEADA forecasts winter heating oil costs will rise 31.3%, with users paying about $2,300 and delivery prices reaching $5.56 per gallon.
OriginalSourceCNNUnited StatesLeanCenter-leftCredibilityPublished09:30 UTCRatings: AllSides, MBFCSourceCNNUnited StatesLeanCenter-leftCredibilityPublished09:30 UTCRatings: AllSides, MBFC
“Get ready for a 30% jump in heating oil costs this winter as Iran war drives up prices - CNN”
Winter heating oil costs are forecast to rise 31.3% this season.
Key points
- NEADA projects heating oil users will pay about $2,300 this season.
- Overall winter heating costs are expected to rise 8.7%, NEADA reports.
- Oil heat is used by 4% of households, with higher prevalence in NE states.
- Oil dealers face higher diesel costs, possibly reducing 100-gallon deliveries.
- NEADA urges Congress to add $3 billion to LIHEAP funding.
How it got here
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10 10 Winter heating oil costs are forecast to rise 31.3% due to the US-Iran conflict.
NEADA forecasts winter heating oil costs will rise 31.3%, with users paying about $2,300 and delivery prices reaching $5.56 per gallon.