Vermont projects 50% rise in heating fuel costs for winter
What happened
Miranda Gray, deputy commissioner of the Economic Services Division of the Department for Children and Families, stated that 15,000 Vermonters are expected to receive help from the federal Low Income Home Energy Assistance Program this year. She noted that home heating fuel costs are projected to increase by as much as 50% this winter, with the northeast being the most heavily impacted area.
From rutlandherald.com
Why it matters
Rising heating oil and diesel prices are expected to strain household budgets in Vermont. Households in New England could see spending increases of $1,000, while those in the mid-Atlantic region could spend $799 more than last year.
From rutlandherald.com
Who's involved
- Miranda GrayDeputy commissioner of the Economic Services Division of the Department for Children and Families
- VermontState where LIHEAP funds are being distributed and fuel costs are rising
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- VermontSpeculative
Households might face increased costs for heating fuel and strain on local economic stability.
- ShellSpeculative
Shell might see increased operational costs due to rising regional fuel prices.
- ISO New EnglandSpeculative
ISO New England might experience material strain on market management due to rising regional fuel costs and demand.
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The entities involved
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Miranda Gray
Spiritual teacher
Nothing else this week.
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Alaska
state of the United States of America