Since September, mild weather has contributed to heating cost savings, and the trend of warmer-than-normal weather is expected to continue through the end of 2017, according to AccuWeather.
"Heating costs for homeowners, from the start of the heating season, Sept. 1 to date, are running only about half of what they normally are in the Northeast," said AccuWeather Founder and President Dr. Joel N. Myers.
"And, we are predicting above-normal temperatures to continue for the next couple of months, so we anticipate that heating costs will only be three-quarters of what they normally are into November, but we recommend checking AccuWeather.com and our apps to see the specific details for your location," Myers said.
Though the higher temperatures have thus far allowed for savings on heating costs, it may change with the upcoming brief period of cooler weather, said AccuWeather Lead Long-Range Meteorologist Paul Pastelok.
The decline in heating costs this season is good news for the economy, but bad news for energy producers, according to Pastelok.
"The fuel savings may even last until December, but AccuWeather is predicting colder-than-normal weather for the Northeast in January and February," Myers said. "Since the Northeast is off to such a warm start, the odds favor that heating costs for the entire heating season will be somewhat below normal."
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