About Brian Sullivan
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."
Source: AI-verified profile updated from Brian Sullivan's recent appearances.
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Transcript (1 segments)
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All right, it is time for your morning RBI. It's back today, and today we all get set to give thanks tomorrow. Let's talk about those who are less fortunate, because there are many out there. Something that we talk a lot about all the time: energy and 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, and the story is finally getting more national notice. CNN just did a story yesterday about some working class families in Philadelphia whose heating costs have soared. Heating oil, something very common in the Northeast and New England, is the biggest culprit on cost. The story notes that some families are paying more than $1,000 or even $1,500 to fill up their heating oil tank. But it is not the only one that is up in price. Take a look at this: 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, that'll cost you 11% more this year. Natural gas, you're up 25%. But heating oil, 45% this year over last. And by the way, that is actually on top of price increases last year in many areas as well, so an increase on an increase. Now, this is a real crisis for many families, even with some additional government support. One family in the story 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. So let's all give thanks and hope for a warmer winter, because at this point it really is all about the weather. Random but interesting and important.
