Thursday, December 1, 2011
Credit Talk USA Live - Your heating bills could start to go up..
In place like New Your City or even Texas it is going to be a brutal winter in allot of ways Bill McLaughlin is bracing himself for a tough winter. He and his wife, Cindy, live in Brewer, Maine and neither of them are working. Bill, who's 59, is disabled and Cindy lost her job more than a year ago. And now the cold is setting in. During any winter in Maine, paying for the oil that heats their home is a big expense. But this winter, it will be especially taxing. The price of heating the average home with oil is expected to jump 10% this year to an average of $2,535 over the winter heating season (October 1 through March 31), according to the U.S. Energy Information Administration (EIA). That's 45% higher than just two years ago, when the average bill was just $1,752. So all over it would seem people could be in trouble with higher bills. Ven while keeping the thermostat low, the McLaughlins burn about 750 gallons of oil a year. At about $3.50 a gallon, that's more than $2,600 "We're in a real bind; There's no safety net," said Bill. "We've run through all our savings and if we pay for heat, we have less money for food and medicine. We don't even have our car out on the road. My wife depends on friends when she has to go someplace." Are you someone that is ready and have a plan in place?
http://money.cnn.com/2011/12/01/real_estate/heating_costs/index.htm?iid=HP_LN
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