November 12, 2008
WASHINGTON (AP) -- With oil prices plummeting, the government
says people will get a break this winter in heating costs. And next
year's gasoline prices should average a little under $2.40 a
The Energy Information Administration revised its short-term
energy outlook Wednesday to reflect the dramatic drop in crude oil
It said people using fuel oil will still pay on average nearly
$1,700 this winter, a 13 percent increase over last winter. But
that's nearly $700 less than what was projected only a month ago.
Households that heat by natural gas will pay only slightly more
than last year -- about $890 for the October through March heating
The agency projects gasoline prices at the pump will average
$2.37 a gallon next year, compared with $2.22 a gallon last week.
(Copyright 2008 by The Associated Press. All Rights Reserved.)