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EIA Short-Term Energy and Winter Fuels Outlook

from U.S. Energy Information Administration

The U.S. Energy Information Administration released its 2013-2014 Winter Fuels Outlook. Here are some highlights:
  • Heating oil customers can expect to pay 2 percent less to heat their homes this winter (currently, heating oil prices are 5 percent lower than last year).
  • Customers that rely on other heating fuels, however, are expected to pay more.
  • Natural gas leads the way ... consumers can expect to pay an average of 13 percent more than last winter (18 percent for the Northeast).
  • The EIA warns of even higher natural gas costs if the winter is worse than expected.
  • New England pipeline constraints continue. These constraints led to "extreme spikes" in natural gas spot prices in January and February of 2013. more

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