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-leftCredibilityPublished09:31 UTCRatings: AllSides, MBFCSourceCNNUnited StatesLeanCenter-leftCredibilityPublished09:31 UTCRatings: AllSides, MBFC
“Get ready for a 30% jump in heating oil costs this winter as Iran war drives up prices | CNN Business - CNN”
Winter heating oil costs are forecast to rise 31.3% due to the US-Iran conflict.
Key points
- NEADA projects heating oil users to pay about $2,300 for the season.
- Overall winter heating costs are expected to rise 8.7%, NEADA reports.
- Heating oil price per gallon for delivery could reach $5.56 this season.
- LIHEAP funding requests to Congress amount to an extra $3 billion.
- Oil-heat users are concentrated in New England and Mid-Atlantic states.
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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.