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US Heating-Oil Bills Expected to Surge 21 Percent This Winter
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CNBC TV18•06-10-2026, 23:02
US Heating-Oil Bills Expected to Surge 21 Percent This Winter
- •Heating bills for American households relying on oil are projected to increase by 21 percent compared to last winter, according to the US Energy Information Administration.
- •The surging prices are driven by tighter supplies linked to the US-Iran conflict and Ukrainian drone strikes on Russian refineries.
- •Heating oil prices across the US are expected to rise 30 percent overall, though milder weather in the Northeast may help offset some household costs.
- •In Maine, fuel prices reached $5.96 a gallon in late September, marking a nearly 80 percent increase from the previous year.
- •The EIA projects Brent crude oil prices to reach $105 a barrel in the fourth quarter, with retail diesel prices remaining above $6 a gallon through October.
Key Questions Answered
Heating bills for American households relying on oil are projected to rise by 21% compared to last winter, according to the US Energy Information Administration.
The price surge is driven by tightened supplies resulting from the US-Iran war and Ukrainian drone strikes on Russian refineries.
In Maine, which has the highest proportion of homes using heating oil, fuel prices reached $5.96 a gallon as of September 28, representing an increase of nearly 80% from the previous year.
