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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.

SourceCNN09:30 UTCSave

Key points

From CNN’s report
  • 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.

Why it matters. Oil-heated homes, concentrated in New England and Mid-Atlantic states, face sharper increases than the 8.7% rise expected across winter heating costs.

What to watch. Congress has received requests for an additional $3 billion in LIHEAP funding as the US-Iran conflict drives the forecast increase.

Coverage

Oldest first · UTC

“Get ready for a 30% jump in heating oil costs this winter as Iran war drives up prices - CNN”

Key points from CNN
  • 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.
SourceCNNUnited StatesLeanCenter-leftCredibilityRatings: AllSides, MBFCRead at CNN

“Get ready for a 30% jump in heating oil costs this winter as Iran war drives up prices | CNN Business - CNN”

Key points from CNN
  • 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.
SourceCNNUnited StatesLeanCenter-leftCredibilityRatings: AllSides, MBFCRead at CNN

Coverage

Oldest first · UTC
SourceCNNUnited StatesLeanCenter-leftCredibilityRatings: AllSides, MBFCRead at CNN“Get ready for a 30% jump in heating oil costs this winter as Iran war drives up prices - CNN”
Key points from CNN
  • 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.
SourceCNNUnited StatesLeanCenter-leftCredibilityRatings: AllSides, MBFCRead at CNN“Get ready for a 30% jump in heating oil costs this winter as Iran war drives up prices | CNN Business - CNN”
Key points from CNN
  • 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.

Why it’s in the Brief

Ranked 10th of 10.

Starting score
5.0
Public-interest topic
+1.0
Public-interest terms in the text
+1.25
Corroboration by independent outlets
+0.8
Score
8.05

The ranking is the same for everyone.

Perspective mix. 1 center-left.RatingsAllSides and Media Bias/Fact CheckLean and credibility are curated from their public ratings.Unknown outlets stay unrated, never guessed.