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The Cost of Winter: Putting a Price Tag on the Polar Vortex

The Cost WINTER of Putting a Price Tag on the Polar Vortex The Polar Vortex has left pocketbooks cold across the nation. From car repairs and frozen pipes, to decreased business in restaurants and mile-high heating bills, winter storms have cost U.S. businesses an estimated $15 billion so far, and the winter season is weeks from over. Natural Gas Prices i 3.4 , 04.5 S %$4 2X MILLION BILLION In the Northeastern United States, 3.4 milion customers collectively used nearly 4.56 bilion cubic feet of gas. In the Miduestern United States, propane heating bils could be double what they were last year 15% $ 10% The EIA predicted a 1 5% increase in residential natural gas prices across the Northeastern U.S. this winter. The Miduest was predicted to see a 10% increase in re sidential natural gas prices according to the EIA. 30% The coldest winter in decades has pushed up heating costs as much as 30% for consumers 44% Natural gas prices are up nearly 44% since January I 40% This winter a 40x surge took gas prices above $6 per thousand cubic keet for the first time in four ye ars $80 The most recent Winter Fuels Outlook reports households heating with natưal gas are expected to spend an average of $80 more this winter than last winter: A 13% increase $2 In 2012, the US enjoyed one of the warmest winters on record a factor that kept natural gas prices lou: an average of bebw $2 in 2012 Tips for Cutting Energy Costs & Use 68°-70 Keep Thermostats Low AM Conservation Group recommends 68-70 degrees. Every degree above 70 increases your cost by 7-10% Use a programmable thermostat while away from home to automatically adjust to lower temperatures. Adding weather-stripping around doors and windows eliminates air leaks and Dirty filters can increase operating costs up to 20%: Install a furnace filter whistle to alert you of a clogged filter can save you up to 10% in energy costs. In winter, the direction of ceiling fan blades can be reversed to push warmer air down to the living space. Keep thermostats low by using a thermostat controlled portable heater to supplement inadequate heating in one room. Most utilities offer programs to help with energy efficiency products or savings: Go to your utility's website to find out more. CONSERVATION AM GROUP, INC. Sources: The Ohio Propane Gas Association, CNBC.com, QCTimes.com JSOnline.com, NBCNews.com %24

The Cost of Winter: Putting a Price Tag on the Polar Vortex

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The Polar Vortex has left pocketbooks cold across the nation. From car repairs and frozen pipes, to decreased business in restaurants and mile-high heating bills, winter storms have cost U.S. business...

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