New Englanders Will Pay 65% More To Heat Their Homes This Winter

People walk as snow falls in New York City on February 7, 2021. - People in the  northern United States face the risk of frostbite and hypothermia amid bitter cold temperatures and dangerous wind chills this weekend.Over 25 million people are under wind chill advisories and warnings from Montana to Michigan. (Photo by Kena Betancur / AFP) (Photo by KENA BETANCUR/AFP via Getty Images)

At a glance

  • The price of heating oil, a fuel most commonly used in New England to heat homes, has gone up by 65% since October 2021, according to the Energy Information Administration.
  • The average price for the oil was $5.46 per gallon in October 2022 compared to $3.30 in October 2021, due to refining constraints and low stockpiles of the fuel.
  • “We are very concerned about the rapid rise in the cost of home heating with heating oil this winter,” National Energy Assistance Directors Association Executive Director Mark Wolfe told the Daily Caller News Foundation. “EIA’s numbers could turn out to be conservative and the price could go even higher if shortages aren’t addressed quickly.”

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