How Is The Iran War Driving Up US Heating Oil Bills

American households that rely on heating oil could face a steep increase in winter energy costs as higher oil prices tied to the US-Iran war put pressure on consumers.

According to the National Energy Assistance Directors Association, heating oil expenses are projected to rise 31.3% this winter, reaching about $2,300 for the season.

The report said heating oil users are already weighing when to purchase fuel, as prices could climb further during the winter. The pressure is particularly significant across the Northeast, where oil heating is more common.

NEADA has urged Congress to provide an additional $3 billion for the Low Income Home Energy Assistance Program. Officials warn that existing assistance may cover less fuel as prices rise, leaving struggling households facing difficult choices to stay warm.

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