Home Heating Oil Costs Rising 21% This Winter, EIA Says

Home heating oil costs rising 21% this winter, EIA says

The EIA forecasts average heating oil expenditures of $2,115 from November through March, driven by a 34% rise in prices

Home heating oil prices are soaring — and users' winter bills could rise 21%, federal outlook shows

A tight global diesel market is driving up heating oil prices, with households in the Northeast facing the biggest impact.

US heating-oil bills expected to rise 21% this winter, EIA says

Heating bills for US households that rely on oil are expected to rise 21% this winter from a year ago, according to the US Energy Information Administration (EIA), as higher heating oil and diesel prices push up costs. The EIA expects heating oil prices to rise 30% and Brent crude to average $105 a barrel in the fourth quarter, while Middle East oil production and exports are expected to gradually recover.

The EIA Just Raised Its Oil Price Forecast for the Fourth Quarter. It Now Expects Brent to be Above $100.

"We now forecast the Brent crude oil spot price will average $105 per barrel in 4Q26," the EIA said.

US Heating-Oil Bills Expected to Rise 21% This Winter, EIA ...

Heating-Oil Households Face 21% Higher Winter Bills as Prices Rise

Average spending is projected at $2,115 from November through March, while a warmer winter in the Northeast is expected to reduce consumption by 9%.