YORKTOWN, N.Y. – With this year’s winter shaping up to be less balmy then last year's, Yorktown residents can expect their monthly heating bills to respond accordingly. As temperatures drop, the cost to keep warm rises.
For those using home-heating oil, AAA spokesman Robert Sinclair said the monthly bill would be as low as last year if not for the colder winter Yorktown is expected to get.
Crude oil, which makes up between 60 to 70 percent of heating oil, is about $93 per barrel, down from its 2012 peak of $110 per barrel, Sinclair said.
"If things remain as they are right now — demand down, mild weather, inventory up and crude oil prices down — it will bode well for home-heating bills this year," he said.
However, colder weather could create competition for crude oil between heating oil and gasoline, resulting in a higher demand and higher prices, Sinclair added.
Nu Way Fuel & Service President David DeSilva said the average cost of a gallon of heating oil for Yorktown residents has been somewhat stable from last year's prices. Under Yorktown's Heating Oil Plan, where listed companies provide oil lower than retail rate, prices range between $3.69 and $3.79 per gallon, he said.
Yorktown homes typically get between 700 and 1,100 gallons of heating oil delivered per year, and use about half of that supply from December to February.
DeSilva said the current monthly bill would be similar to last year if weather conditions were equal. However, this year’s winter is supposed to much colder than last season.
“I mean it’s definitely colder than last year,” DeSilva said. “It’s busier than last year.”
Those who use natural gas to heat their homes also will see a slight increase in their bills.
Thanks to the natural gas boom across the nation, costs are at the lowest they've been in a decade. Delivery costs for Con Edison, which provides natural gas to Yorktown homes, however, have increased by 3.4 percent from last year, bringing the average gas-heating residential bill to about $348 per month, Con Edison Spokesman Allan Drury said. That's $11 higher than last year for the months of November through March.