Home Heating Costs Expected to Rise This Winter

Row of Single Family Homes on Residential Street in Western New York During Early Winter

Photo: Grace Cary / Moment / Getty Images

(Midwest) -- Heating your home this winter could cost more.

According to the National Energy Assistance Directors Association, Americans are expected to spend an average of $1,030 to heat their homes this winter. That's $82 more than last year. In the Midwest, households that rely on electricity are expected to pay an average of $171 more this winter compared to last year.

Even though a warmer winter is expected, heating costs are still projected to rise because of higher energy prices, driven in part by the conflict in Iran and its impact on global oil markets.


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