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Thursday, October 11, 2012

Colder winter will increase heating costs - Oct. 10, 2012

Colder winter will increase heating costs - Oct. 10, 2012

Heating costs are likely to significantly rise this winter, due primarily to much colder weather rather than higher prices, according to a government report released Wednesday.
The Energy Information Administration forecasts that those using home heating oil, primarily homes in the Northeast, will get stuck with record high heating bills this winter. Heating costs for those homes could hit an average of $2,500 -- up 20% from last year, even though the fuel price is expected to only rise 2%.

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