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Published: Oct 30, 2023 5 min read
Close-up of a hand turning a home heater dial
Money; Getty Images

Americans will likely spend near record amounts to heat their homes this winter due to still-high energy prices.

The average cost for winter heating in the U.S. is forecasted to be $1,106 this season, which would be just shy of last winter's 10-year high of $1,118, according to a National Energy Assistance Directors Association (NEADA) report.

These levels reflect increases of more than 30% compared to the 2019-2020 winter when the average cost was $847.

Customers who use natural gas, which is the most common type of heating covering 48% of households, could be in for a slight break compared to last winter's heating costs, according to the NEADA.