Posted 11/27/23

A holiday gift is coming early this year. The average winter heating bill is expected to drop, according to projections by the Energy Information Administration.

After a large spike in heating prices last year, Americans are getting some relief from rising costs. The estimated 20% drop in winter heating prices to a large supply of natural gas and expected mild winter temperatures.

Residents in the South (including Tennessee) will pay 15% less in Winter 2023 than in 2022. The highest heating costs can be found in Oklahoma ($128), Maryland ($98) and North Carolina ($90).

However, when comparing average heating expenses between last winter and this upcoming wintertime, the biggest savings are found in these same states, where customers are projected to save over $15 per month on their winter heating bill this year.