Home-heating costs projected to drop this winter
Good tidings this week from the Energy Information Administration—and just in time for the arrival of winter: U.S. consumers will pay 2 percent less during the October 1, 2008, to March 31, 2009, heating season than they did in the 2007-2008 season.
The average $21 savings every household will see is not exactly a windfall. Still, the EIA's latest revised prediction is a lot better than its projection in August, when it forecast Americans would spend 20 percent more this heating season than last, or about a $200 increase.
The cheaper heating could take some of the sting out of winter's chill if not add a small boost to sagging retirement accounts.—Daniel DiClerico
Essential information: Discover easy ways to cut your heating bills this winter. And read our report on space heaters to find the best model for your home.
Posted by: Weldon Long - furnace repair guy | Apr 10, 2009 7:57:29 AM
Saving money on energy is nice, but many homeowners could save themselves time and money by maintaining their furnace and air conditioning systems. Replacing an old inefficient furnace with a new high effiency furnace can save even more money in the long run.