Oil Heating System The home heating season is shaping up to be another costly one for consumers, at least for those who heat with natural gas, with the federal government predicting gas bills could rise 5 percent to an average $841 this winter.
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Local Heating Oil Prices Meanwhile, if temperatures are normal, the cost of using heating oil -- the other main fuel for heating homes -- could fall 8 percent to an average of $927, according to the Energy Information Administration's short-term energy outlook.
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Residential Heating Oil Prices The forecast, issued yesterday, is based on assumptions that the coming winter will be less cold than last year, when frigid weather led to price spikes both for natural gas and home heating oil. If the weather turns colder than normal, consumers could face double-digit increases of 17 percent for home heating oil and 16 percent for natural gas, the agency said.
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Maine Heating Oil Prices The average price of natural gas this winter season should be around $9.17 per thousand cubic feet -- a 9 percent jump from last season. But the total winter bill will rise only 5 percent, the agency said, if its projection of a return to more normal winter temperatures holds.
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Cheap Heating Oil In New Jersey, customers already have been socked with higher natural gas bills, as each of the four gas utilities have won rate increases earlier this year ranging from 8 percent to 12 percent. Any additional rate hikes this winter would require approval of state regulators, at least for residential customers.
6 million Powergen customers faced higher winter energy bills as price rises came into force, yesterday. The cost of their domestic gas rose by 11.9% and electricity by 7.6%. This will add á52 a year to a typical customer's dual fuel bill. More on this story.
Heating Oil Prices Ct The gas price increases come on top of higher electric bills customers face in the recently deregulated electric marketplace.
Heating Oil Delivery The rising fuel costs anger consumer advocates, who have fought moves to open up the gas and electric markets.
Heating Oil Nj "If competition is supposed to hold prices down, why are we seeing year after year of rate increases?" said Staci Berger, program advocate for New Jersey Citizen Action.
Connecticut Heating Oil Utility officials said they do not expect new increases in gas bills this winter season.
Heating Oil Long Island "At this point in time, we think we're okay with no additional price increases going forward," said John Scarlata, general manager of PSEG Energy Resources & Trade, which manages natural gas supplies for the state's largest utility.
Heating Oil Ct For home heating oil, the outlook is brighter than for gas, with the energy agency projecting the retail price for heating oil at $1.33, the same as last year. With a return to a normal winter, that could lead to an 8 percent drop in home heating costs this summer.
Discount Heating Oil Because of the volatility in the home heating oil market last year, when prices spiked to nearly $2 a gallon, oil dealers said this year more and more customers are turning to "capped," or fixed, priced contracts.
Heating Oil Partner "People remembered what happened last year when they got hit with prices more than $1.79 a gallon," said Jim Pierson of J.W. Pierson in East Orange.
Heating Oil Prices And His company is offering customers a capped price of $1.29 a gallon this winter, about 10 cents higher than last year. The capped price means customers will pay no more than that for the fuel, but could pay less if prices dip.
Connecticut Heating Oil Prices Others are offering customers fixed-price contracts, locking in a price for the entire season. Ray Tomaso of Tomaso Brothers in Elizabeth offered his customers a fixed price of $1.39 a gallon this year, about the same as last year.
Heating Oil Cost By Tom Johnson
Star-Ledger - 10/8/2003
Topic: Petroleum Industry
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