Analysts Predict Sharp Rise In Heating Oil Prices
New York, NY — As gas prices continue to escalate, analysts are already looking ahead to winter.
The Energy Department predicts that skyrocketing crude prices will result in a 16% increase in heating oil prices this winter compared to last year.
Experts say heating oil was priced at about $1.83 a gallon last winter, which was 34% higher than the previous year.
Meanwhile, The American Institute of CPAs has some advice for consumers to minimize driving and energy costs.
Some tips include shopping around for the lowest gas prices, driving the speed limit and avoiding excessive braking and accelerating.
Experts also recommend that drivers consider getting a tune-up and lighten the load for Labor Day trips.
Experts suggest keeping home energy costs down by turning off lights and electronic devices and buy heating oil now before prices rise.