Colder winter weather forecasts could turn up heating bill costs

Posted at 7:01 PM, Oct 11, 2012
and last updated 2012-10-11 19:01:56-04

(CNN) – Colder winter weather is expected to cost you more in heating bills this year.

That’s according to a new government report from the Energy Information Administration.

The agency estimates costs for homes using heating oil will hit a record high with a 20 percent increase from last year.

Homes heated with natural gas are expected to see bills that are 15 percent higher, and electricity customers could see a 5 percent increase.

The report says the increase is mostly due to forecasts predicting a colder winter for east of the Rockies.