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As the outside temperature falls, we raise the temperature inside, and with it, heating costs go up, too. While peaceful white snowfall may be picturesque, the winter utility bills are not quite as pretty.
If you’ve been to a gas station or store recently, you’ve seen first-hand how the inflation rate is affecting prices on just about everything nowadays. The smaller supply along with increased demand for fuel will really hit home as a result.
Almost half of U.S. households use natural gas heat as their primary fuel source, which costs over 25% more than last year, and consumers are projected to spend 30% more than last winter, on average.
The 41% of U.S. households that heat with electricity, which is up 6.5%, are slated to spend 6% more, according to the Winter Fuels Outlook 2021 report from the U.S. Energy Information Administration.
The 4% of households that heat mostly with heating oil, or the 5% who use propane, could see even bigger cost hikes, between 43-54%.
While we can’t change the weather or the economy, we can change our habits to be smarter for our budget and more environmentally friendly.
Here are some practical ways to keep more heat inside your home and more money inside your wallet.
Following a few of these easy-to-implement tips and hacks for saving on heat costs can make a big difference. Put them to good use so you can sit back and enjoy a cup of hot cocoa during this cold winter, content that you are staying warm and also saving money.
Your Turn: Are you thinking about putting any of these heat-saving tips into action this winter? Any that should be on our list that we missed? Share in the comments.