The Oil Price Shock: A Winter of Unaffordable Heating Costs The impending winter is shaping up to be particularly brutal for households across the Northeast US.
As heating costs are set to skyrocket due to the ongoing oil shortage sparked by the Iran war, ordinary families – particularly those living in low income households – will bear the brunt.
According to the National Energy Assistance Directors Association (NEADA), U. S. households can expect a 8. 7% increase in heating costs this winter, with an average cost of $1,030 to heat their homes.