how much would it cost me for oil for my central heating?

Answer 1

Home heating bills on the rise
Price of oil heat this winter forecast to jump 22 percent, or $319. Natural gas users can expect to pay 10 percent more - report.
By Steve Hargreaves, CNNMoney.com staff writer
October 9 2007: 12:41 PM EDT


NEW YORK (CNNMoney.com) -- No matter how you heat your house, this year will cost you more than last, according to a government report Tuesday.

Americans will spend $977 to heat their homes this year, averaging for all fuels across all sections of the country, according to the Energy Information Administration.


Those heating with oil can expect to pay $319 more this year compared to last, according to a government report Tuesday.

That's nearly 10 percent higher than the $889 spent last year and the highest amount ever, not adjusted for inflation. The previous record was $948 in 2005-2006, according to EIA.

Americans who use oil heat will be hit the hardest. Due mostly to higher crude prices, nationwide-average oil heating bills this winter are expected to be 22 percent higher than they were a year ago, EIA said.

That translates into a $319 seasonal increase in average heating bills, although actual amounts will vary depending on region and home size. About 7 percent of all Americans, mostly in the Northeast, heat their homes with oil.