With Record Heating Oil Prices Expected, Homes Dash to Gas
Natural gas abundance in the U.S. Northeast means it’s now far cheaper than oil for home heating. Residents are making the switch, but will prices stay low?
An early snowstorm stunned the northeastern United States last month, but a far worse chill may strike when the winter fuel bills arrive: Home heating oil prices there are expected to hit record highs in the next three months. The news casts a pall over the U.S. region that has the highest concentration of homes heated by oil.
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