Pandemic-battered families face skyrocketing heating costs this winter, with year-on-year prices set to rise by as much as 54% for some households, according to the annual winter fuel outlook released this week from the Energy Information Administration.
Pandemic-battered families face skyrocketing heating costs this winter, with year-on-year prices set to rise by as much as 54 percent for some households, according to the annual winter fuel outlook released this week from the Energy Information Administration.
Shannan Phillips Hunt, a 47-year-old personal trainer in Bloomsbury, New Jersey, is fearful of how her family’s already-strained budget will get further stretched by increased heating costs. She and her husband already work two jobs each but still feel like they are living paycheck to paycheck. Last winter, her bill increased by one-third, she told NBC News.
This year, they replaced a drafty window with a new energy-efficient one, and said they only turn on the heat in the rooms where their dogs sleep — and the dogs are already in sweaters to avoid shivering.In an August news conference to address rising energy prices, President Joe Biden called on the oil and gas industry to increase production to meet demand.
The worldwide energy crunch is also pressuring prices in an increasingly interconnected global system. In Europe, natural gas prices are up over 350 percent following a summer of high demand and low supply. That’s pulling some natural gas from U.S. producers on to ships for overseas markets.
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