Winters Effect on Energy Costs

THE WINTER'S EFFECT ON ENERGY COSTS brought to you by O GOBankingRates AVERAGE HOUSEHOLD COST OF HEATING EXPENDITURES WILL BE $986 THIS WINTER +2.5 OVER 2009 % INCREASE ENERGY COST BY REGION (PERCENT CHANGE) +5.5% NORTHEAST RALGEFIN +.04% WEST OVER 14.9% SOUTH .07% MIDWEST BLAR REPRAT 1IONAL PRICE CHANGE BY FUEL TYPĒ 2009-2010 2010-2011 PER UNIT NATURAL GAST $10.84 $11.02 1000 CUBIC FEET HEATING OIL $2.83 $1.07 GALLON ELECTRICITY 11.0¢ 11.2¢ KILOWATT-HOUR PROPANE 1 $2.18 $2.46 GALLON NATURAL GAS INCREASES ARE LARGELY DUE TO: 52% COST OF OIL PROJECTED TO BE 6% 37% 7% $85 PROPANE /BARREL OIL ELECTRICITY THE MAJORITY OF THESE CONSUMERS RESIDE IN THE NORTHEAST OIL PRICES REFLECT CRUDE OIL. THE NORTHEAST IS THE LOWEST AND THE SOUTH IS THE HIGHEST HISTORICAL PRICE OF OIL OVER THE LAST DECADE 2000 $34.65 2001 $28.32 2002 $27.62 2003 $32.82 2004 $43.42 2005 $55.80 2006 $63.02 2007 $67.37 2008 $92.31 2009 $54.24 $10 $20 $30 $40 $50 $60 $70 $80 $90 $100 NUMBERS ARE INFLATION-ADJUSTED Sources: Congressional Research Center's Winter Fuels Outlook 2010-2011, www.inflationdata.com, tab2_dawa's on Flickr *Winter is defined as October 1, 2010 through March 31, 2011