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Transcripts for CNN CNN Newsroom Live 20240604 16:40:00

reporter: cranking up the heat is going to unfortunately be a lot more expensive this winter. even before this storm experts were warning about sticker shock when it comes to heating your home. that s in large part because natural gas prices have soared. natural gas is the most popular way to heat homes. natural gas if you run on natural gas to heat your home, the government is saying it will be 25% more expensive this winter than last winter. heating oil. the key is that is sort of the base forecast. if temperatures are colder, then you re going to see even higher costs here. 10% colder winter would mean natural gas, home heating costs 35% more expensive. heating oil 52% more expensive. the former ceo of the bankrupt crypto company ftx is free on a $250 million bond.

Transcripts for CNN CNN Newsroom 20240604 20:54:00

numbers nothing from this shows that. christine romans calls it the yes economy. let s talk about the storm that s coming, i m going to say coming but it s here now. what it s costing. a lot of people have to crank up the heat. where are they and how much is the storm going to cost us? yeah, well, cranking up the heat is unfortunately going to be a lot more expensive this winter. even before the storm, experts were worried about sticker shock when it comes to heating your home. that s in large part because natural gas prices have soared. and natural gas is the most popular way to heat homes. if you look on a stream, natural gas, if you rely on natural gas to heat your home, the government is stilting 25% more expensive this winter than last winter. heating oil, 45%. now, the key, though, that is just sort of the base forecast. if temperatures are colder, then you re going to see even higher costs here. 10% colder winter would mean natural gas, home heating costs,

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