Winter Fuels Outlook

November 17, 2009 06:00 PM
 

Linda H. Smith, Top Producer Executive Editor

You should pay less for heating this year, reports the Energy Information Administration (EIA). The lower 48 states are forecast to be 1% warmer this winter (October–March) than last winter and 1% milder than the 1971–2000 average, with greater regional differences (Midwest, 4% warmer; West, 4% colder).

Savings vary by type of fuel as well:
Natural gas: 12% lower price
Heating oil: 2% lower price
Propane: 14% lower price
Electricity: 2% lower price


 
EIA expects West Texas crude oil to average about $70 this winter and to increase to $75/barrel by December 2010, as U.S. and world economic conditions improve. After averaging about $3.85/Mcf in 2009, EIA projects Henry Hub natural gas to average $5.02 in 2010. For EIA's full forecast, visit: http://www.eia.doe.gov/emeu/steo/pub/contents.html.


 

 
You can e-mail Linda Smith at lsmith@farmjournal.com.

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