War in Iran raises heating costs for millions
Rising energy prices threaten vulnerable households as winter approaches.
The Brief
- Heating oil prices could rise 50%, adding $900 to winter bills.
- Electricity shutoffs in 10 states increased 28% over two years.
- Congress urged to expand energy assistance before winter.
Families using heating oil face potential 50% price increases this winter, with heating bills rising by nearly $900. These families were already struggling before the war in Iran began.
Research shows electricity shutoffs in 10 states have increased by 28% in the past two years. Millions of Americans are behind on utility bills, forced to choose between energy, food, medicine, and rent.
Higher diesel prices, driven by the war, are increasing the cost of moving goods and operating equipment, which eventually affects consumer prices. However, heating oil is essential for warmth and cannot be reduced as easily as gasoline.
Officials said the war did not cause the energy affordability crisis, but it is worsening an already difficult situation. Middle-class families are also struggling with additional costs for gasoline, groceries, and heating.
Congress is being urged to add $3 billion to the Low Income Home Energy Assistance Program (Liheap) before winter. This would help states provide extra support for heating costs.
A recent survey found that over a quarter of families have reduced heating and cooling to uncomfortable levels to save money, while 19% cut back on groceries or switched to cheaper food options.
Without additional support, families may face losing heat during the coldest months. The war’s impact on energy prices is expected to last for months, as refineries need repairs and inventories must be replenished.
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