Commodities
US Heating Oil Prices Soar 50%, Adding Nearly $900 to Household Bills
Millions of Americans are facing a sharp rise in home heating costs this winter as global energy prices remain high.
The problem is especially serious for households that depend on heating oil to keep their homes warm during cold weather.
US heating oil prices are expected to rise 50% this winter, increasing home heating bills by nearly $900 per household.
Around 4.8 million US households use heating oil to warm their homes, mostly in the Northeastern US and Alaska where cold winters make home heating essential.