propane

Temperatures Plunge While Heating Bills Soar

Posted on 02/26/2014 by | AARP Blog Author | Comments

Money & Savings | Public Policy InstituteThis winter millions of Americans reluctantly became acquainted with the term “polar vortex” and the substantial impact it will have on their home heating bills. The 2013-14 winter has been notable for the repeated onslaught of bitterly cold Arctic air masses bringing waves of below-normal temperatures to the country’s Midwest, South and East. The Energy Information Administration (EIA) estimates that through January the average number of heating degree days has been 12 percent higher compared to the previous winter. Not surprisingly, …

Rising Propane Prices, Shortages Add to Winter Woes

Posted on 01/30/2014 by | AARP Blog Author | Comments

Money & Savings | Public Policy InstitutePersistent record-setting low temperatures across much of the United States are making this a tough winter for many families. Households face higher heating bills as prices for heating fuels continue to increase with rising demand sparked by the cold. Price increases for liquid propane have been significant. The Department of Energy estimates that 6 million households, mostly in the Midwest and Northeast, use propane as their primary source of heating fuel. Low inventories and high demand for the fuel have …