Record breaking cold weather this heating season will leave many older American households facing higher heating costs than last year. While heating costs continue to be higher for households heating with fuel oil than those heating with natural gas or electricity, costs to heat with natural gas, electricity, and propane have risen for many households across the United States.
This report analyzes data from the 2009 Residential Energy Consumption Surveys and the February 2014 Short-Term Energy Outlook. It examines heating-related energy consumption and expenditures among consumers age 65 and older based on income, heating fuel used, and geographic location. Winter heating costs are likely to be a greater burden on older low-income households than on similarly aged higher-income households, even though low-income households tend to use less heating fuel than other groups. This report will be updated monthly through March 2014 as new data are released.