Business

How to blunt effect of higher heating bills

Heating oil users will pay less, but their bills will still be near-record highs.
Heating oil users will pay less, but their bills will still be near-record highs.Credit: Charles Krupa/Associated Press

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NEW YORK — After two years of flat or lower fuel prices, many residents will pay sharply more to heat their homes this winter, according to government forecasts out this week. There are a number of ways residents can blunt the expected rise in heating bills — beyond putting on a turtleneck.

Staying warm is expected to cost more because fuel prices are rising and forecasts call for cooler weather, in some areas, after two relatively warm winters. Natural gas, propane, and electricity prices are expected to rise, affecting 94 percent of US households. Heating oil users will catch a slight price break, but still pay near-record bills to heat their homes.

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