Wednesday, December 07, 2005

Heating Costs Rise ..But Why?

In a recent article on CNN.com, it stated that a warm start to the winter will give some Americans a sense of relief on their heating bills. They said this because Americans are expected to suffer the worst heating price in the last five years. The Energy Information Institute came out with some numbers that said the average American household 25.7% more this winter than last winter. The average heating bill is supposed to reach about $989. This is the biggest percentage jump since 2000-2001 when the average heating bill rose 37% and the average bill came to be $774. Is this rise in the cost of heating bills due to the cost of natural gas? Or is the main reason due to the ridiculously high oil prices? What do you think the main reasons are for the big rise in the average cost of heating bills?

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