{"id":99339,"date":"2026-09-15T15:08:15","date_gmt":"2026-09-15T15:08:15","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/your-home-heating-oil-bill-is-likely-to-jump-this-winter\/"},"modified":"2026-09-15T15:08:15","modified_gmt":"2026-09-15T15:08:15","slug":"your-home-heating-oil-bill-is-likely-to-jump-this-winter","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/your-home-heating-oil-bill-is-likely-to-jump-this-winter\/","title":{"rendered":"Your home heating oil bill is likely to jump this winter"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<\/p>\n<div id=\"\">\n<p>Americans who use heating oil to warm their homes are likely to face a sharp spike in utility costs this winter as the <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/us-iran-tensions\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">Iran war<\/a><\/span>\u00a0drives up global\u00a0<span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/gas-oil-prices-cost-iran-war\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">energy prices<\/a><\/span>, according to a new\u00a0<a href=\"https:\/\/neada.org\/wp-content\/uploads\/2026\/09\/winterheatingreport.pdf\" target=\"_blank\" rel=\"noopener\">forecast<\/a>.<\/p>\n<p>The National Energy Assistance Directors Association (NEADA), a nonprofit policy organization, estimates that households that use heating oil to power their furnaces and boilers will pay an average of nearly $2,300 in total for the four-month stretch between mid-November and mid-March 2027 \u2014 up more than 30% compared to last year.\u00a0<\/p>\n<p>Heating oil costs are climbing due to the slowdown in oil flows through the\u00a0<a href=\"https:\/\/www.cbsnews.com\/tag\/strait-of-hormuz\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">Strait of Hormuz<\/a>, according to Mark Wolfe, an energy economist and the executive director of NEADA.<\/p>\n<p>&#8220;While the war may be thousands of miles away, families will feel it when the heating oil truck pulls into their driveways,&#8221; Wolfe told CBS News, adding that Ukrainian strikes on <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-ukraine-russia-strikes-refineries\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">Russian oil infrastructure<\/a><\/span> are also depleting global oil supplies and contributing to the run-up in energy prices.\u00a0<\/p>\n<p><a href=\"https:\/\/www.eia.gov\/energyexplained\/heating-oil\/\" target=\"_blank\" rel=\"noopener\">According<\/a>\u00a0to the U.S. Energy Information Administration (EIA), nearly all of the heating oil used in American homes is derived from crude oil, which is refined into a range of petroleum products.\u00a0<\/p>\n<p>Brent crude, the international standard, traded at roughly $106 a barrel on Tuesday. That&#8217;s up more than 30% since the war erupted in late February. Oil prices are likely to stay elevated after a drone attack on a <a href=\"https:\/\/www.cbsnews.com\/video\/saudi-arabias-critical-pipeline-remains-shut-as-oil-prices-soar\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">critical pipeline in Saudi Arabia<\/a> disrupted oil flows, Eurasia Group, a global political risk research and consulting firm, said in a report on Monday.\u00a0<\/p>\n<p>As of 2024, nearly 4.8 million homes in the U.S. used heating oil, according to EIA. About 82% of those homes are located in the Northeast, making that area particularly <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/boston\/news\/boston-home-heating-oil-prices-rise\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">vulnerable to price fluctuations<\/a><\/span>. Electricity is also typically more expensive in that region, NEADA notes.<\/p>\n<p>Americans who use heating oil aren&#8217;t the only ones who should expect utility costs to climb. NEADA estimates that households will spend an average of $1,030 to heat their homes, up 8.7%, or $82, from last year.\u00a0<\/p>\n<p>The cost of heating homes that use heat pumps, furnaces and other electric-powered sources has surged 35% over the last five years, according to NEADA. That comes as a <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/data-centers-drive-1-4-trillion-power-grid-investment\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">data center<\/a><\/span> buildout places more pressure on the nation&#8217;s power grid and as repairs for aging power infrastructure drive up costs.<\/p>\n<p>Some of the cost increases this winter will be mitigated by an <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/el-nino-2026-possible-return-earth-hotter\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\">El Ni\u00f1o weather pattern<\/a><\/span>, which typically brings warmer-than-normal conditions, reducing the need for heat, NEADA said.<\/p>\n<section class=\"content__body--footer\">\n<p class=\"content__meta--editors\">\n      Edited by<\/p>\n<p>                                  <a href=\"https:\/\/www.cbsnews.com\/team\/alain-sherter\/\" class=\"byline__author__link\" data-invalid-url-rewritten-http=\"\">Alain  Sherter<\/a>\n                      <\/p>\n<\/section>\n<p>  <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation  \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<div class=\"component__item-recirc-block\">\n<p><h3 class=\"component__title\">Go deeper with The Free Press<\/h3>\n<\/p><\/div>\n<\/aside>\n<section class=\"content__body--footer\">\n      <!-- tags --><\/p>\n<section class=\"content__tags\">\n<p class=\"content__tags__label\">In:<\/p>\n<\/section>\n<\/section><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/heating-oil-bills-winter-iran-war\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Americans who use heating oil to warm their homes are likely to face a sharp spike in utility costs this<\/p>\n","protected":false},"author":1,"featured_media":99340,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[1528,1057,7358],"class_list":["post-99339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch","tag-iran","tag-oil-and-gas","tag-utility-bills"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Your home heating oil bill is likely to jump this winter - 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