- EIA forecasts US households relying on heating oil will face bills 21% higher than last winter, as diesel prices tied to heating oil have surged.
- The forecast arrives four weeks before midterm elections, with voter discontent over higher gasoline, electricity and other energy costs expected to hurt the president's Republican Party.
- Diesel prices have climbed as the US-Iran war and Ukrainian drone strikes on Russian refineries tighten supplies.
Quotes
“Heating bills for American households that rely on oil to warm their homes are expected to be 21% higher than last winter, according to the US Energy Information Administration.”
“The price of diesel — which is closely tied to heating oil — has surged as the US-Iran war and Ukrainian drone strikes on Russian refineries tighten supplies.”