GATEWAY WEST & METRO EAST IL Blog

Is a Giant Gas Bill Coming this Winter in St. Louis?

Predictions for Gas Bills this Winter

Americans got a stark warning from the government this week: Expect higher heating bills this winter.

According to the Energy Information Administration, nearly half of U.S. households that warm their homes with mainly natural gas can expect to spend an average of 30% more on their bills compared with last year. The agency added that bills would be 50% higher if the winter is 10% colder than average and 22% higher if the winter is 10% warmer than average.

The forecast rise in costs, according to the report, will result in an average natural-gas home-heating bill of $746 from Oct. 1 to March 31, compared with about $573 during the same period last year.

The forecast which projects that U.S. households will spend more on energy this winter than they have in several years. The agency attributed its forecast to rising energy prices—natural-gas futures have this year reached a seven-year high—and the likelihood of a more frigid winter than what most of the country saw last year.

The looming increase, on top of rising prices for many consumer goods and commodities, is likely to cause stress for Americans at many income levels. Economists warn that the larger utility bills are most likely to affect those households still hobbled by the Covid-19 pandemic.

What you Can Do:

Now, is the perfect time to take advantage of the Insulation - Natural Gas Residential Rebate Program in St. Louis. Get your home insulation prepared before winter hits and you see a larege increase in your home's gas bill. Upgrading your insulation is a great step to keeping your home warm and gas bill low. 

The best way to know for sure about the rebates your home is eligible for is to reach out today to an insulation expert and they can guide you through the process.

At Koala Insulation of Gateway West, our experts are well-versed in all kinds of attic insulation and ventilation. Our experts will arrive with state-of-the-art equipment to thoroughly inspect your attic or home and identify any areas in need of repair or improvement. They will provide a detailed assessment of the current conditions of your space and use their years of experience to design solutions that fit your home and budget.

**WSJ.COM**