Will Your Home Heating Bill Be Higher or Lower This Winter?

"If you think it's bad for the consumer now, wait until Winter and those home heating bills start coming in."

How many times have you heard the above statement or some variation of it in the last six months.  Well, now that commodities have come back down to earth, you'll probably be hearing it a lot less.  In fact, with natural gas now trading with a $7 handle, current prices are only slightly above the average price from last year's Fall/Winter period.

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Comments

[Mark of London:]

Why show natural gas instead of HO? Possibly because this more volatile (and cheaper) fuel has a larger downward move. What about a year over year comparison? Cooler summer, new natural gas plays, record drilling rigs, and it still takes a front month price this high to put gas away into storage. Roughly a 30% higher price than last year on the same date. Of course at the rate it has fallen, natural gas will be free in about two months time- right?

2008 Aug 19 08:41 AM

[Paul Killinger:]

Let me guess.

Better lock up your supply now. Sharp seasonal price increases will kick in shortly. Just like they do EVERY year.

2008 Aug 19 08:55 AM

[pockyclips ...:]

If global warming kicks in, and winter stays above 50 degrees. Otherwise, prices will increase drastically after mid September.

2008 Aug 19 09:17 AM

[notsosmart:]

yes-global warming will be a big help this winter.

2008 Aug 19 04:43 PM