Lower heating costs predicted

By: Associated Press Email
By: Associated Press Email

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.)

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