The Department of Energy is projecting sharp price increases for home heating this winter. How much higher depends on where you live.
The Energy Department projects heating bills will jump 28% this winter for those who rely on natural gas, used by nearly half of U.S. households for heat. Heating oil is projected to be 27% higher and electricity 10% higher, the agency said.rates that accelerated last month with consumer prices growing 6.6%, the fastest such pace in four decades.
In Jay, where Raymo lives with his partner, Lucinda Tyler, and 8-year-old son, residents were already bracing for the worst before the local paper mill announced it’s going to close, putting more than 200 people out of work. That has the potential to wreak havoc on the town budget, and cause higher property taxes that will further eat into residents’ budgets.
Last month, Congress added $1 billion in funding to Low Income Home Energy Assistance Program, bringing the total to at least $4.8 billion and making additional heating aid available for the start of the winter season. Some are seeking help who've never done so in the past. In Auburn, Maine, 72-year-old Mario Zullo said he worked all his life and never asked for help until last year when he received heating assistance last year. The program helped upgrade his heating.Mark Wolfe, executive director of NEADA, said he fears the federally funded program won't be enough because of the high cost of energy and continued instability in energy markets.
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