Winter household natural gas heating in the U.S. are expected to hit a nine-year low this winter, thanks to higher than normal average temperatures that have significantly reduced household energy consumption, according to the U.S. Energy Information Administration (EIA).
“Residential and commercial customers are consuming less natural gas in their furnaces due to mild temperatures,” EIA reports, “The pass-through of lower wholesale prices for natural gas into rates paid by retail customers may also be reducing expenditures.”
Natural gas is the most common heating fuel used in American homes with about half of households using gas for their main source of warmth.
EIA estimates that the average U.S. household will pay $629 for natural gas this winter, a 13% drop from the 2010-2011 winter. Propane, heating oil and electric heat expenses are also expected to be lower than in recent years. KanhemaPhoto.