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How Expensive Will it Be to Heat Your Home This Winter?

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  • Description

    FBN's Rich Edson on the cost of cranking up the thermostat this winter.

  • Duration 1:43
  • Date

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This transcript is automatically generated

And -- prices settling at a new 2012 high yesterday at 85%.

From there is April less -- -- lack 5% yeah I.

I know it still looks cheap right but I mean 85% as big jump especially when you get your bills with -- -- -- around the corner.

Just how expensive will -- heating bills BBC your rich -- and has more of marriage.

Well a little more than last year the group.

That -- predicts these prices -- the industry group says they are looking at all the factors affecting the price in the natural grant natural gas supply association says.

Heating your home this winter will likely cost more.

So we're very bullish on prices -- on on liquids prices yeah and I don't see -- in fact we don't seem factors out there that would.

Calls and in dramatic further down -- -- which you know who knows in this industry you always have to watch that.

Have.

Factors ultimately decide the price of natural gas whether there's another warm winter especially in the northeast.

People heat less demand falls and so -- prices association expects.

A warm winter though not as warm as last year better economic growth usually means.

More demand and higher prices they expect basically flat growth this -- -- and there are other uses for natural gas power plants.

Switching to and from coal and trucks buses and cars moving to natural gas though they're still.

Challenges there was very few natural gas stations nationwide and few vehicles that run -- it.

And there's all be -- really is true for all energy there's regulatory uncertainty with states the federal government.

Rolling out rules on tracking -- technique energy companies use to extract natural gas the EPA is also studying fracking effects on drinking water.

Back to you.

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