Burr! Staying Warm This Winter Will Cost Texans More Money
Thanks to inflation, Central Texans can expect to pay more this winter for their heating bill.
Question: did anybody see this "inflation" thing coming a year ago? Me neither. In fact, I'm kind of surprised the media in this country didn't warn us that we would be facing an increase in costs for just about everything we use on a daily basis.
Gas, food, clothing...everything has gone up, and economists are saying that it will eventually come back down, but when? Nobody seems to know that yet.
What we do know is that with winter coming, the expectation is that we may see a repeat of what we saw last year, or more specially, last January and February. Inflation is about to hit us at the thermostat.
Our winter heating bills are about to see a jump in prices, and according to a report from the Associated Press, the U.S. government says households could see their heating bills go up as much as 54% compared to last winter. That's a huge jump.
Those using natural gas for heat could see a 30% increase, while those using heating oil may see a 43% increase. If you are using electricity it won't be as bad, with only a 6% increase in spending compared to last year.
If you have a fireplace, stock up on wood now. Not sure the cost for a cord of wood, but it may end up in high demand, which means the cost for wood will probably go up as well.