{"id":361448,"date":"2026-09-19T05:56:17","date_gmt":"2026-09-19T10:56:17","guid":{"rendered":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/surge-in-heating-costs-expected-to-worsen-price-crunch"},"modified":"2026-09-19T05:56:21","modified_gmt":"2026-09-19T10:56:21","slug":"surge-in-heating-costs-expected-to-worsen-price-crunch","status":"publish","type":"post","link":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/surge-in-heating-costs-expected-to-worsen-price-crunch","title":{"rendered":"Surge in heating prices anticipated to worsen worth crunch"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div data-testid=\"prism-article-body\">\n<p class=\"EkqkG IGXmU nlgHS yuUao MvWXB TjIXL aGjvy ebVHC \">A surge of <a class=\"zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE \" data-testid=\"prism-linkbase\" href=\"https:\/\/abcnews.com\/Business\/inflation-report-show-latest-prices-iran-war-pushes\/story?id=136332071\" target=\"_blank\" dir=\"ltr\">inflation<\/a> has hiked prices for everything from <a class=\"zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE \" data-testid=\"prism-linkbase\" href=\"https:\/\/abcnews.com\/Business\/small-price-pay-trump-oil-prices-iran-war\/story?id=136270223\" target=\"_blank\" dir=\"ltr\">gasoline<\/a> to tomatoes, but a looming source of sticker shock will drop onto household budgets over the coming months: heating costs.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The historic oil shortage set off by the <a class=\"zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE \" data-testid=\"prism-linkbase\" href=\"https:\/\/abcnews.com\/International\/live-updates\/iran-live-updates-oil-prices-rise-after-strikes\/?id=136415261\" target=\"_blank\" dir=\"ltr\">Iran war<\/a> is expected to drive up heating bills at a pace more than twice the level of overall inflation, squeezing households as they weather elevated prices for a range of other essentials, some analysts told ABC News.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">U.S. households will spend an average of $1,030 to heat their homes this winter, which amounts to an increase of 8.7% compared to last year, the <a class=\"zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE \" data-testid=\"prism-linkbase\" href=\"https:\/\/neada.org\/wp-content\/uploads\/2026\/09\/winterheatingreport.pdf\" target=\"_blank\" dir=\"ltr\">National Energy Assistance Directors Association<\/a> (NEADA) said in a report earlier this week.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Households that rely on heating oil &#8212; a major heating source in the Northeast U.S. &#8212; will suffer a staggering average price increase of 31.3% compared to last year, NEADA found. Customers who depend on natural gas are expected to face a jump of 5.8%.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">&#8220;The costs we&#8217;re expecting are unusually high this winter,&#8221; David Konisky, a political science professor at Indiana University and co-director of the Energy Justice Lab, told ABC News.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">A large-scale U.S.-Israeli attack on Iran in late February prompted Iran&#8217;s near-closure of the <a class=\"zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE \" data-testid=\"prism-linkbase\" href=\"https:\/\/abcnews.com\/Business\/diesel-prices-record-highs-amid-strait-hormuz-disruption\/story?id=136552505\" target=\"_blank\" dir=\"ltr\">Strait of Hormuz<\/a>, which facilitates one-fifth of global crude supply.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The ensuing war set off the largest oil supply disruption on record and prompted the release of hundreds of millions of barrels of reserve crude from emergency storage in dozens of countries. A six-month stretch of on-again, off-again fighting has continued to choke off oil supply and keep prices elevated.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Global oil prices stood at about $103 a barrel as of Friday afternoon, putting them nearly 50% higher than their pre-war level. The surge in crude costs has propelled diesel prices to a record high and pushed the average price of a gallon of regular gasoline to $4.46, <a class=\"zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE \" data-testid=\"prism-linkbase\" href=\"https:\/\/gasprices.aaa.com\" target=\"_blank\" dir=\"ltr\">AAA<\/a> data showed.<\/p>\n<div class=\"oLzSq QrHMO fnRUo pvsTF EhJPu vPlOC zNYgW OsTsW RMeqy daRVX ISNQ sKyCY eRftA acPPc MENS nFwaT MCnQE mEeeY SmBjI xegrY rPLsU iulOd NIuqO zzscu lzDCc aHUBM IEgzD OjMNy eQqcx SVqKB GQmdz jaoD VWDdR ONJdw vrZxD OnRTz gbbfF roDbV GPGwb oMlSS gfNzt oJhud eXZcf zhVlX \">\n<div>\n<div class=\"InlineImage GpQCA lZur asrEW \" data-testid=\"prism-inline-image\">\n<figure class=\"kzIjN GNmeK pYrtp dSqFO \" data-testid=\"prism-figure\">\n<div class=\"GpQCA lZur Rnci \" data-testid=\"prism-ratio-frame\">\n<div class=\"FvQLF iLTd NqeUA UzzHi iWsMV \"><picture data-testid=\"prism-picture\"><source media=\"(max-width: 414px)\" srcset=\"https:\/\/i.abcnewsfe.com\/a\/739c1612-51ec-421b-b2ef-a2bae1c39660\/hormuz-rt-jef-260918_1789756491769_hpEmbed_16x9.jpg?w=375, https:\/\/i.abcnewsfe.com\/a\/739c1612-51ec-421b-b2ef-a2bae1c39660\/hormuz-rt-jef-260918_1789756491769_hpEmbed_16x9.jpg?w=750 2x\"\/><source media=\"(min-width: 415px)\" srcset=\"https:\/\/i.abcnewsfe.com\/a\/739c1612-51ec-421b-b2ef-a2bae1c39660\/hormuz-rt-jef-260918_1789756491769_hpEmbed_16x9.jpg?w=750, https:\/\/i.abcnewsfe.com\/a\/739c1612-51ec-421b-b2ef-a2bae1c39660\/hormuz-rt-jef-260918_1789756491769_hpEmbed_16x9.jpg?w=1500 2x\"\/><img decoding=\"async\" title=\"Alternative Alliance\" alt=\"PHOTO: FILE PHOTO: Drone view of oil tanker HELGA berthed at one of Iraq's southern offshore oil terminals near Basra\" class=\"hsDdd NDJZt sJeUN IJwXl vBqtr KrDt itslR SjwtZ hakZw HlUVI \" data-testid=\"prism-image\" draggable=\"false\" loading=\"lazy\" src=\"https:\/\/i.abcnewsfe.com\/a\/739c1612-51ec-421b-b2ef-a2bae1c39660\/hormuz-rt-jef-260918_1789756491769_hpEmbed_16x9.jpg\"\/><\/picture><\/div>\n<\/div><figcaption>\n<div class=\"nMMea bNYiy Mjgpa dGwha DDmxa jgKNG RGHCC aBIU PriDW aiQHS lZur \" data-testid=\"prism-caption\">\n<p><span class=\"hsDdd OOSI GpQCA lZur VlFaz \" data-testid=\"prism-truncate\"><span><span class=\"gtOSm FbbUW tUtYa vOCwz EQwFq yCufu eEak Qmvg nyTIa SRXVc vzLa jgBfc WXDas CiUCW kqbG zrdEG txGfn ygKVe BbezD UOtxr CVfpq xijV soGRS XgdC sEIlf daWqJ \">Drone view of oil tanker HELGA berthed near Basra, in the Strait of Hormuz, April 24, 2026.<\/span><\/span><\/span><\/p>\n<p><span class=\"gtOSm FbbUW tUtYa vOCwz EQwFq yCufu eEak Qmvg nyTIa SRXVc vzLa jgBfc WXDas CiUCW kqbG zrdEG txGfn ygKVe BbezD UOtxr CVfpq xijV soGRS XgdC sEIlf daWqJ YNujN JGtjI aZFDu rkKLh \">Mohammed Aty\/Reuters<\/span><\/p>\n<\/div>\n<\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Lesser-known fallout from the oil spike will soon hit heating bills as temperatures cool later this year, some analysts said.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The average heating oil price in Maine, for instance, registers at $5.77 per gallon, putting it 74% higher than a year ago, the <a class=\"zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE \" data-testid=\"prism-linkbase\" href=\"https:\/\/www.maine.gov\/energy\/heating-fuel-prices\" target=\"_blank\" dir=\"ltr\">Maine Department of Energy Resources<\/a> (DOER) said earlier this week.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Alicia Fasulo, the director of heating assistance at The Opportunity Alliance, a non-profit in southern Maine, said many low-income families in the region are &#8220;extremely concerned&#8221; about heating costs as winter approaches.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">&#8220;They have tough decisions about whether to pay for their groceries, whether to pay for their medications, electric bills or fuel costs,&#8221; Fasulo said.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">&#8220;Our clients are faced with tough decisions every winter season, but the cost of fuel has never been this high since I started with the heat program seven years ago,&#8221; Fasulo added.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Maine residents will spend an average of nearly $675 more to fill a standard 275-gallon tank to capacity than they would have a year ago, the DOER said.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Eligible households can avail themselves of the Low Income Home Energy Assistance Program, a federally-funded program that provides $4 billion in annual support to defray heating costs.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The program is a &#8220;huge help&#8221; for roughly 5,000 applicants who receive assistance from The Opportunity Alliance submitting paperwork each year, Fasulo said.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Only one of every five eligible households nationwide gains access to the program each year, however, in part due to the limited resources available, Konisky said.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">&#8220;There is much more demand than there are resources to fill that demand,&#8221; Konisky added.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">To be sure, the precise heating costs to be incurred this winter remain uncertain. The price of heating oil could fluctuate and El Ni\u00f1o may bring warmer-than-usual temperatures.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">Still, it remains all but certain that elevated inflation will persist into the winter months, Konisky said.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy \">The annual <a class=\"zZygg UbGlr iFzkS qdXbA WCDhQ DbOXS tqUtK GpWVU iJYzE \" data-testid=\"prism-linkbase\" href=\"https:\/\/abcnews.com\/Business\/inflation-report-show-latest-prices-iran-war-pushes\/story?id=136332071\" target=\"_blank\" dir=\"ltr\">inflation<\/a> rate stood at 3.4% as of August, the most recent month on record, putting inflation more than a percentage point above the Federal Reserve&#8217;s target rate of 2%.<\/p>\n<p class=\"EkqkG IGXmU nlgHS yuUao lqtkC eTIW sUzSN \">&#8220;Families will have to figure out how to balance the essential needs they have,&#8221; Konisky said.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/abcnews.com\/Business\/surge-heating-costs-expected-worsen-price-crunch\/story?id=136561978\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A surge of inflation has hiked prices for everything from gasoline to tomatoes, but a looming source of sticker shock will drop onto household budgets [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":361451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[37079,10400,37080,37077,37081,10491,37076,19676,6925,37078,13619],"class_list":["post-361448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-alternative-alliance","tag-co-director","tag-david-konisky","tag-director-of-heating-help","tag-historic-oil-scarcity","tag-indiana-college","tag-northeast-u-s","tag-oil-costs","tag-oil-tanker","tag-power-justice-lab","tag-strait-of-hormuz"],"_links":{"self":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/361448","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/comments?post=361448"}],"version-history":[{"count":2,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/361448\/revisions"}],"predecessor-version":[{"id":361450,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/posts\/361448\/revisions\/361450"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/media\/361451"}],"wp:attachment":[{"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/media?parent=361448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/categories?post=361448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etrafficlane.com\/60dollarmiracle\/wp-json\/wp\/v2\/tags?post=361448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}