Colder Winter Expected to Send Natural Gas Heating Spending Upward, EIA Says

Americans can expect residential heating costs this winter to climb from a year earlier, including in the majority of states where natural gas is the most commonly used fuel to warm homes.

On average, accounting for all fuel sources, households across the United States will pay more this winter — October through March — than last winter, the U.S. Energy Information Administration (EIA) said Wednesday in its Winter Fuels Outlook. The prediction is based on higher expected energy consumption, as weather forecasts call for colder winter temperatures than a year earlier and as more Americans work from home amid the ongoing coronavirus pandemic.

“We’re in a period of demand rebound,” said Edward Morse, global head of commodity research at Citigroup Inc.

Morse joined...