Frequently Asked Questions
What is the outlook for home heating fuel prices this winter?
According to EIA's Short Term Energy Outlook released on June 12, 2012, the projections for U.S. residential heating fuel prices1 for the winter of 2012-2013 (October 2012 to March 2013) are:
Natural Gas: $9.99 per 1,000 cubic feet, about $1.00 per therm2
Heating Oil: $3.71per gallon
Electricity: 11.42 cents per kilowatthour
1Retail prices including taxes.
2Therm = 100,000 Btu; 1,023 Btu per cubic foot.
Learn More:
Short-Term Energy Outlook (STEO), Table 2.
Last updated: June 15, 2012
Other FAQs about Natural Gas
- Can I obtain a list of companies involved in the natural gas industry, such as utilities, pipeline companies, and storage operators?
- Does EIA have city or county-level energy consumption and price data?
- Does EIA have maps or information on the location of natural gas and oil pipelines?
- How can I choose my natural gas supplier in my state?
- How does EIA calculate the year-ago and five-year averages in the Natural Gas Weekly Storage Report?
- How much coal, natural gas, or petroleum is used to generate a kilowatt-hour of electricity?
- How much does it cost to produce crude oil and natural gas?
- How much natural gas does the United States have and how long will it last?
- How much natural gas is consumed (used) in the U.S.?
- What are Mcf, Btu, and therms? How do I convert prices in Mcf to Btus and therms?
- What are the major factors affecting natural gas prices?
- What is the average cost of natural gas used for electric power generation?
- What is the outlook for home heating fuel prices this winter?
- What is the total working gas capacity in underground natural gas storage?
- What is the volume of world natural gas reserves?
- What percentage of homes in the U.S. use natural gas?
- What types and amounts of energy are produced in each state?
- Where are the historical spot prices for natural gas?
- Where can I find international prices for natural gas?
- Where can I find shale gas and coal bed methane production and reserves data?
- Where is the boundary for state and federal offshore oil and gas production?
- Which states consume and produce the most natural gas?
- Why am I being charged more for propane than the price on EIA's website?