MOUNT VERNON, N.Y. – Because of higher delivery costs and predictions of a colder winter, Mount Vernon residents should expect to see slightly higher monthly heating bills than a year ago.
For those using home heating oil, the monthly bill would be the same as last year, if not for the colder winter expected, AAA spokesman Robert Sinclair said.
Crude oil, which makes up 60 percent to 70 percent of a gallon of heating oil, costs about $93 per barrel. That’s “cheaper than it's been” when compared with its peak of $110 per barrel in 2012, Sinclair said.
“If things remain as they are right now – with demand down, mild weather, inventory up and crude oil prices down – it will bode well for the home heating bill this year,” he said.
But colder weather could create a competition for crude oil between heating oil and gasoline, Sinclair added, resulting in higher demand and higher prices.
The average cost of a gallon of heating oil for Mount Vernon residents has been stable at about $4 per gallon, although it fluctuates 10 to 20 cents, said Daniel Singer, co-president of Robison Oil.
A typical Mount Vernon home gets 1,400 to 1,500 gallons of heating oil each year and uses about 60 percent of that supply from December through March, Singer added.
Thanks to the natural gas boom across the nation, prices are at their lowest in a decade. Delivery costs for Consolidated Edison, which provides natural gas to Mount Vernon residents, however, have increased by 3.4 percent from last year, bringing the average gas-heating residential bill to about $348 per month, Con Edison spokesman Allan Drury said. That’s $11 higher than last year for November through March.
The National Oceanic and Atmospheric Administration’s National Climate Data Center is predicting a colder winter than last year and, consequently, more heating usage.
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