Winter Fuel Price Outlook for 2017
The U.S. Energy Information Administration (EIA) released the Short-Term Energy Outlook on October 13, 2016. This report forecasts fuel and energy prices for the winter ahead; it provides helpful insight as you plan for the upcoming season and beyond. However, these are projections only; prices and trends can change quickly. Also, remember these forecasts are national averages; local prices may vary.
Highlights of the Outlook and additional information from the New York Mercantile Exchange (NYMEX) follow.
For a complete historical and future comparison of fuel prices and trends for the winter of 2017 and beyond, see the STEO Current/Previous Forecast Comparisons table. You may also want to review the Winter Fuels Outlook.
Remember that weather is the biggest wild card, which can lead to price volatility. The National Oceanic and Atmospheric Administration forecasts heating degree days will average 13 percent higher than last winter, with the Northeast and Midwest 17 percent colder and the South 18 percent colder. Temperatures in the eastern United States were much warmer than normal last winter.