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U.S. households spent an average of $3,948 in 2023 on utility bills per month. They include: ... accounting for propane or heating oil costs can be less predictable, but one way to estimate their ...
Heating oil costs, by contrast, have declined 2.7%, which means average spending this winter will be $1,518, down from $1,560 last winter. Early start to the season.
A home heating oil delivery truck climbs a snow covered road, Feb. 28, 2023, in Derry, N.H. Americans who struggled because of inflation may get a break on heating costs this winter.
The 2008 spike in funding was needed to address the sharp increase in home heating oil. The recent decrease in allocations prior to 2008 levels may not be enough to handle the continued climbing of heating costs and its effect on many households with low incomes. Not only are fuel prices continuing to increase, program recipients are on the rise.
The breakeven price for North American shale oil was US$68 a barrel in 2015, making it one of the most expensive to produce. By 2019, the "average Brent breakeven price for tight oil was about US$46 per barrel. The breakeven price of oil from Saudi Arabia and other Middle Eastern countries was US$42, in comparison. [141]
With millions of families behind on utility payments and more people seeking heating aid, many could soon see a welcome reprieve: The cost of heating a home with natural gas this winter is ...