Natural Gas: Based on the utilities’ natural gas filings at the Department of Public Utilities (DPU). DOER estimates that the projected natural gas price this winter will increase to an average $14.80/MMBtu ($1.48/therm) compared with $14.20/MMBtu ($1.42/therm) last winter. Consumption of natural gas is expected to increase about 6.3% due to forecasted slightly colder winter temperatures than last year as well as impact of COVID-19. Prices in the Northeast, particularly New England, have been among the highest in the country in recent years due to pipeline capacity constraints that limited delivery of natural gas into the region. However, increased pipeline connectivity along with relatively low prices globally for LNG, which is an additional source of supply in New England, have helped bring residential natural gas prices in the Northeast closer to the U.S. average.
Heating Oil: Prices for heating oil are expected to average 19% less than last year, lowering