JAMESTOWN, NY (WNY News Now) – As colder weather begins in creep in Western New York, National Fuel is warning their customers to expected higher heating bills this winter.
The gas supplier estimates that based on the current market prices, the average residential customer will pay 50 percent more to heat their home this winter, from November through March.
Locally, National Fuel customers haven’t seen winter heating season bills this high since 2008.
Last winter, natural gas prices begin to spike however the weather was around 10 percent warmer than normal, so winter heating bills came in lower than anticipated.
The reasons behind bill increases are based on domestic and global factors. Geopolitical events, such as the war in Ukraine, are increasing demand for domestically produced liquified natural gas, exposing U.S. natural gas pricing to global market influences.