EIA: 'Cautious optimism'

Assuming normal weather patterns in the US, winter fuel prices this year will stay the same as last year for households that use heating oil and propane, the US Energy Information Administration predicted Oct. 7. But for natural gas residential customers there is a different story: tight supplies mean consumers can expect prices 9% higher than the previous year, and severe weather could push prices much higher, according to the agency's latest winter fuel forecast.The EIA forecast predicts fuel market conditions from Oct. 1 through Mar. 30.Normal weather, slightly softer demand, and healthy inventories could keep prices relatively stable this winter, the agency said. Nevertheless, col...

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