The U.S. Energy Information Administration will publish its November Short-Term Energy Outlook (STEO) in an updated format. The STEO will still include the same energy sector forecasts and analyses as before, but with a new layout we believe will better highlight the most critical aspects of our monthly forecast.

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The U.S. Energy Information Administration (EIA) expects most U.S. households will pay more to heat their homes this winter. In its 2022 Winter Fuels Outlook, EIA forecasts higher U.S. residential energy prices compared with last winter, as well as higher consumption of heating fuels during what is forecast to be a slightly colder winter than

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EIA expects continued high prices for diesel and home heating oils

The U.S. Energy Information Administration (EIA) expects that low inventories of distillate fuels, which are primarily consumed as diesel fuel and heating oil, will lead to high prices through early 2023. According to EIA’s November Short-Term Energy Outlook (STEO), diesel prices will remain higher than $5 per gallon the remainder of the year, and bills for homes that use heating oil will increase by 45% this winter season compared with last winter.


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