Winter Fuels Outlook 2017-2018 (CRS Report for Congress)
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| Release Date |
Dec. 5, 2017 |
| Report Number |
R45042 |
| Report Type |
Report |
| Authors |
Pirog, Robert L. |
| Source Agency |
Congressional Research Service |
Summary:
The Energy Information Administration (EIA), in its Short-Term Energy and Winter Fuels
Outlook (STEWFO) for the 2017-2018 winter heating season, projects that American consumers
should expect to see heating expenditures that will be higher than last winter. However, the winter
of 2016-2017 was relatively warm. Average expenditures for those heating with natural gas are
projected to increase by 12%, while those heating with electricity are projected to see an increase
of about 8%. These two fuels serve as the heating source for about 87% of all U.S. household
heating. Propane and home heating oil consumers are also projected to see increased costs.
Within the United States, average expenditures projections differences exist with respect to region
of the country. Differences in weather conditions and fuel prices contribute to differing regional
expenditures.
Economic conditions of relatively high growth and low unemployment suggest that higher
consumption levels of all fuels may occur. Increased consumption could lead to higher prices for
all winter fuels. The STEWFO provides analysis of scenarios covering a warmer, or colder,
winter than the base case forecast.
The key federal program designed to assist low-income households is the Low Income Home
Energy Assistance Program (LIHEAP). LIHEAP funding beyond the expiration of the Continuing
Appropriations Resolution (P.L. 115-56) is uncertain and if reduced could put an additional
burden on families qualified for benefits. If the weather in the winter of 2017-2018 is severe, or if
energy prices are volatile, the fixed amount of LIHEAP funding will likely result in smaller
assistance payments to families, or fewer families receiving payments.
