EIA sees high US energy costs this winter

09/19/2005
Tight world oil markets coupled with the ravages of Hurricane Katrina have set the stage for a potentially expensive winter heating season, the Energy Information Administration said in its latest Short-Term Energy Outlook.Heating oil prices averaged $1.83/gal during the 2004-05 heating season, 34% higher than the winter of 2003-04. Sharp increases are expected for the 2005-06 heating season, EIA said in the Sept. 7 report (OGJ Online, Sept. 7, 2005).Average US heating oil prices rose by 48¢/gal, or 34%, during the first half of 2005 compared with the first half of 2004. The increase reflected strong world distillate demand as well as high crude oil prices, EIA said.While the oil ind...
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