Impact of the Polar Vortex on Consumers Will Linger

Many consumers are happy to say goodbye to the polar vortex that caused frigid temperatures and high home heating bills this past winter. While the memory of bitter cold winter days will fade as warmer weather finally begins to take hold, the ghost of the polar vortex may return in the form of higher home energy prices for the remainder of the year. The onslaught of colder-than-normal temperatures resulted in higher-than-average natural gas demand for home heating. This high demand has …

Temperatures Plunge While Heating Bills Soar

This 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, …

Higher Heating Bills Ahead for Many Older Households

Spectacular fall foliage and cooler nights mean many folks are digging out jackets and sweaters from their closets as well as firing up their home heating systems. While temperatures will provide relief from the high electricity bills from the summer cooling season, rising costs for winter heating may make the respite from high utility bills a brief one. >> Sign up for the AARP Money newsletter An AARP Public Policy Institute analysis projects that during the coming winter heating season …