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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Knighty Tin who wrote (19555)10/7/2004 12:01:11 PM
From: russwinter  Read Replies (1) of 110194
 
Subsistence crisis du jour:

Winter Eye Popper

The U.S. Energy Information Administration has released its forecast of energy prices that consumers and businesses will pay this coming heating season.

This winter, residential space-heating expenditures are projected to increase for all fuel types compared to year-ago levels. Increases in heating fuel prices are likely to generate higher expenditures even in regions where demand for fuel is expected to fall. Average residential natural gas prices are expected to be 11 percent higher than they were last winter, and household expenditures are expected to be 15 percent higher. Heating oil prices are expected to average 29 percent higher compared with last winter and household expenditures are expected to be 28 percent higher. Propane prices are expected to average 17 percent above last winter, with 22 percent higher expenditures for propane-heated households. For details, see “Winter Fuels Outlook: 2004-2005.”
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