Posted: Oct 6, 2009 7:13 AM by Associated Press
Updated: Oct 6, 2009 7:13 AM
Consumers should expect mostly good news as the government issues its official forecast for heating homes this winter. Natural gas supplies are at record levels and that's prompted some utilities to tell their natural gas customers that costs will be down 10, 20 percent and in some cases more than 30 percent this winter.
The Energy Information Administration releases its forecast for winter fuels today. A double digit drop is also expected for people who heat with propane but electric heat users will likely only see a small decline. People who use heating oil might see a slight jump, though prices are half what they were in the summer of 2008.
Despite the generally favorable outlook, the tough economy and high unemployment will probably mean millions of people will seek federal help to heat their homes this winter.