Household heating expenditures expected to remain about the same or less than last winter

As we explain in our October 2024 Winter Fuels Outlook, we expect that most U.S. households are likely to spend about the same or less on energy than they did last winter, depending on a household’s main space heating fuel and the region where they live. We expect that lower prices this winter will be offset by colder temperatures, resulting in relatively little change in expenditures.