Executive Director of Investor Relations & Assistant Treasurer, Sealed Air
Search every verified Brian Sullivan interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In a September 2023 segment on CNBC's Worldwide Exchange, Brian Sullivan discussed the impact of rising energy prices on home heating costs. He stated that energy costs would be "one big reason why it's going to be a little bit tougher for some families this year" and that "just heating your home is going to hit many families' wallets in a big way." Sullivan cited federal government data indicating that heating costs were projected to rise across all forms of power, with electricity up 11 percent, natural gas up 25 percent, and heating oil up 45 percent compared to the previous year. He noted that these increases were "on top of price increases last year in many areas as well." Sullivan described the situation as "a real crisis for many families even with some additional government support." He referenced a CNN story about working-class families in Philadelphia whose heating costs had soared, with some paying over $1,000 to fill their heating oil tanks. Sullivan quoted one family who said their home "feels like an igloo" because they were keeping the heat low to make their oil last through winter. He expressed hope for a mild winter, stating, "Let us hope this winter is a very mild one because the colder it is, the worse it may be for many families that are already struggling."
“Energy costs are going to be one big reason why it's going to be a little bit tougher for some families this year; just heating your home is going to hit many families' wallets in a big way.”
“Some families are paying more than one thousand or even 1500 bucks to fill up their heating oil tank, which is very common in the Northeast and New England.”
“The federal government notes that power and heating costs are going to rise this winter across pretty much all forms of power: heating your home with electricity will cost you 11 percent more this year, natural gas is up 25 percent, and heating oil up 45 percent this year over last.”
“This is actually on top of price increases last year in many areas as well, so an increase on an increase.”
“This is a real crisis for many families even with some additional government support.”
“One family says their home feels like an igloo because they're trying to keep the heat so low to make their oil last through winter.”
“Let us hope this winter is a very mild one because the colder it is, the worse it may be for many families that are already struggling.”
Brian Sullivan's daily RBI segment on Worldwide Exchange focuses on the impact of rising energy prices on home heating costs.
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