The OBSERVER’s View: Balancing act with winter heating
There is good and bad news when it comes to potential costs for heating during the coming winter months. In October, National Fuel Gas Distribution Corp. said it expects the typical residential customer to spend approximately $742 to heat their home this winter, nearly 5% less than last winter’s average cost of $780. The projected decrease reflects lower natural gas supply costs, the impact of strong storage inventories, and National Fuel’s long-term gas purchasing strategy, which helps reduce exposure to market volatility and seasonal price spikes. The lower supply costs are ...