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Heating oil prices are soaring, and homeowners who rely on it could see winter bills jump 21%, per CNBC. Some customers are already paying more than $5.50 a gallon as the Iran war drives up crude, diesel and heating oil prices. Overall winter heating costs are forecast to rise 8.7%, more than double the rate of inflation, per the National Energy Assistance Directors Association.
Library as of 2026-10-22