A warmer winter forecast for most of the US and strong natural gas production that has replenished storage inventories are feeding expectations of slightly lower heating expenditures this winter compared with last, the US Energy Information Administration said in its 2019-20 winter fuels outlook.
Overall, the agency forecast a 1% decline in natural gas and electricity bills on average, despite estimates that higher retail gas prices would increase expenses for homes that heat with gas in the Midwest and the South.
Northeast prices are forecast to decline 6% [from last winter], helped by relatively low global prices for LNG and lower household natural gas consumption.