With annuals already beginning to sprout, it’s clear that Spring is making an early arrival in many parts of the Northeast. Recent reports show that the warm weather is bringing homeowners across Pennsylvania and other states more than early blooms … it’s bringing a welcomed price drop in home heating bills.
According to data from the U.S. Energy Information Administration, the warm winter temperatures have drastically lowered monthly heating bills for many homeowners. Compared to last winter, we’ve experienced a 15% warm up, which has been very beneficial for all those looking to cut back on their heating costs.
Thus far, the winter of 2015-2016 has been very mild in most regions of the U.S., with only the West suffering colder temperatures than they had the previous year. Experts explain that the U.S. warm up of 2015-2016 is being caused in part by a strong El Niño pattern off the West Coast that’s delivering warmer air temperatures to the areas of the Northeast Region which are typically frigid.
The good news for consumers is that this increase in temperatures has had a direct impact on the price of most heating fuels, including propane, natural gas and oil. The pricing for some of these fuels are at record lows, with nearly a 25% decrease in price compared to last year.
The pleasant warm temperatures we’ve experienced this year are likely to continue throughout the remainder of the season, allowing homeowners to continue enjoying the benefits of lower heating fuel costs in most areas of the U.S.