Wednesday, October 9 2013, 09:44 PM MDT
Natural Gas Prices Higher Than Expected
(KUTV) You can expect to pay more to heat your home this winter.
For several weeks, the price of oil has continued to go down making it cheaper to fill our cars, but the other kind of gas-fuel is heading in the opposite direction.
Natural gas is the primary way most of us heat our homes, but today the federal government announced that they expect natural gas prices to surge 13 percent.
For those living in homes heated with electricity, you too will also likely pay more, though in a more measured way. The price to heat your home electrically is expected to rise about two percent.
One exception to the jump is heating oil, which should drop two percent from last year's record-breaking prices.
Consumer borrowing jumped to a record three trillion dollars in August as Americans took out more loans for cars and college. For the third month in a row, Americans held back on their credit card use. Economists say it's a sign that consumers are still cautious about their spending.
Pumpkin flavor is taking over the American appetite, sales of pumpkin flavored offerings topped $290 million last year, according to consumer research company Nielsen.
The number of pumpkin options in the U.S. jumped nearly 19% last year; pumpkin flavor is suddenly showing up in everything from M&M's to vodka to pop-tarts.
Three big-box retailers are in an I-phone price war. Wal-Mart is selling the 5c model for 45 dollars after Best Buy and Radio Shack announced they would sell the smartphones for 50 bucks
(Copyright 2013 Sinclair Broadcasting Group)