As the height of winter approaches in the United States and temperatures continue to drop across the country, many Americans are turning their focus to the high prices of household utilities—namely household heating fuels. On average, nearly half of residential energy consumption in the U.S. is attributable to space heating, and 85% of U.S. adults report that their utility costs have increased in recent years. While heating prices have come down in recent months compared to their peak last year, Americans are still projected to spend nearly 30% more on utilities this winter than before the pandemic.
Residential Winter Heating Fuel Prices Over Time
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