Heating oil prices are soaring, and homeowners who rely on it could see winter bills jump 21%, per CNBC.
Some customers are already paying more than $5.50 a gallon as the Iran war drives up crude, diesel and heating oil prices.
Overall winter heating costs are forecast to rise 8.7%, more than double the rate of inflation, per the National Energy Assistance Directors Association.
Heating bills for American households that rely on oil to warm their homes are expected to be 21% higher than last winter, according to the US Energy Information Administration