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GLIN==> Northeast-Midwest Weekly Update - 9 December 2002



BRIEFING:  WINTER FUELS OUTLOOK

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The Northeast-Midwest Coalitions on Thursday, December 12, will host a briefing by the Department of Energy (DOE) on the winter fuel outlook.  The Energy Information Administration (EIA) will provide an update on the supply, demand, and prices for key domestic heating fuels this winter, and DOE will describe programs and resources available to help residents prepare and reduce costs.

 

EIA in October forecast a 45 percent increase in prices this winter for heating oil, 19 percent for natural gas, and 22 percent for propane.  As the winter grows longer and colder, fuel prices are likely to receive more attention.

 

The Northeast-Midwest Institute maintains current heating oil and propane prices on the Internet at http://www.nemw.org/wntrfuel02.htm.  Links to this page and historical winter fuel prices can be accessed at the Institute's Energy Policy and the NE-MW Coalitions page by going to http://www.nemw.org/energy_coalition.htm, and clicking on "LIHEAP".

 

The December 12 briefing will begin at 10:00 am in room G-11 of the Dirksen Senate Office Building.

 

Contact:  Kris Sarri at the Northeast-Midwest Senate Coalition (202/224-0606).

 

 

TABLES:  FLOW OF FEDERAL FUNDS

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The Northeast-Midwest Institute has posted web-site tables showing state and regional data regarding federal tax burden and return on federal tax dollar for fiscal 2001.  To view the tables, go to http://www.nemw.org/fedspend.htm, click on "Reports and Tables," and then look for the yellow "new" icons under the section on "Annual Tables for Flow of Federal Funds to the States."  Data tables on federal spending for fiscal 2001 also are found on the web page.

 

Most northeastern and midwestern states contribute more in taxes to the federal government than they receive back in federal spending, which means the Northeast-Midwest region subsidizes federal spending in the rest of the country.  The factors driving the Northeast-Midwest's low return on federal tax dollar vary within the region.  In the Northeast, higher than average per-capita federal taxation yields a low return on tax dollar even for states that enjoy above average levels of federal spending.  The low return in the Midwest stems from relatively low levels of federal spending.

 

Contact: Matt Kane of the Northeast-Midwest Institute at (651/297-2406).