Rising fuel prices tied to global conflicts are set to push heating costs higher for millions of American households this winter, particularly in regions reliant on heating oil. The surge in diesel prices—directly linked to the U.S.-Iran and Russia-Ukraine wars—is driving up the cost of fuel oil, a common heating source in some areas. Homeowners may face steeper bills as supplies tighten and demand climbs ahead of colder months. The shift could strain budgets just as energy expenses remain a top concern for many families.
As fuel costs rise amid the U.S.-Iran and Russia-Ukraine wars, Americans in the Northeast may have to pay significantly more to heat their homes this winter. With the price of diesel, in particular, increasing, so too will the cost of a home heating fuel known as heating oil or fuel oil that is commonly used...