Winter 2021/22 energy outlook – expect increased prices
Just received the EIA, Short-Term Energy OutlookOctober 13, 2021 Release
We forecast that average U.S. household expenditures for all major home heating fuels will increase significantly this winter primarily because of higher expected fuel costs as well as more consumption of energy due to a colder winter. Average increases vary by fuel, region, and weather assumptions. Compared with last winter, we forecast propane expenditures will rise by 54%, heating oil by 43%, natural gas by 30%, and electricity by 6%. We expect space heating demand to generally be higher this winter based on forecasts from the National Oceanic and Atmospheric Administration (NOAA) that U.S. average heating degree days will be 3% higher than last winter. Altering our assumptions for a 10% colder-than-expected winter significantly increases forecast expenditures, while a 10% warmer-than-expected winter still results in increased expenditures, because of price increases.
If the budget is tight, add a little padding for heat this winter. Maybe think about sealing up the windows (tape up some plastic sheeting), maybe add a lining to the curtains—walmart has small pieces of precut fabric or maybe you can find some cheap sheets. If you are ambitious check/repair/add weatherstripping to exterior doors. Change the filter in the furnace.
For the worse case, lay in some Goodwill coats and blankets, space blankets are awesome (but don’t tuck them in because they trap moisture) and know where the pup-tent is, you can always camp out in the living room.