Frequently Asked Questions

What is the outlook for home heating fuel prices this winter?

According to EIA's Short Term Energy Outlook released on June 10, 2014, the projections for U.S. residential heating fuel prices1 for the winter of 2014-2015 (October 2014 to March 2015) are:

Natural Gas: $11.52 per 1,000 cubic feet, about $1.12 per therm2

Heating Oil: $3.68 per gallon

Electricity: 12.31 cents per kilowatthour

1Retail prices includes taxes.

2There are 1,025 Btu per cubic foot, and a therm = 100,000 Btu.

Learn more:

Short-Term Energy Outlook (STEO), Table 2

Last updated: June 13, 2014


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