(WETM) – The winter season is just a few months away, but New Yorkers may be paying more to stay warm compared to last winter.
The average price for heating fuel is now $3 per gallon. The price also fluctuates by region in the state, with higher prices near densely populated areas like New York City and Long Island. Lower prices are found near lower populated areas like Central and Western New York.
According to the New York State Energy Research and Development Authority (NYSERDA), the cost for heating oil, kerosene, and propane was up between 20% and 36% over last year’s prices as of September 20.
Last winter, oil prices peaked in mid-March, according to NYSERDA data. The average price at that time, however, was lower than the current prices.
Rising demand for warmth due to the upcoming cooler weather may drive up these average prices even higher. Recent hurricanes and similar natural disasters throughout the country could also impact oil prices this winter.