Maine Heating Oil Prices Jump Seven Cents
Mainers didn’t see a break in heating oil prices this week, as the statewide average rose for a second week in a row. Maine Public Broadcasting reported on Monday that the cost of No. 2 fuel oil jumped seven cents in the last week, repeating its climb from the week before. According to the state’s Office of Energy Independence and Security, the price jump leaves heating oil at $2.67 a gallon in the state. That said, prices throughout Maine do vary, and in southwest Maine heating oil was found to be as low as $2.48 a gallon; in eastern Maine prices jumped as high as $2.90 a gallon.
The rising prices are, not surprisingly, tied to the intense cold front that has settled over the Northeast. According to January 5th’s weather report, Portland saw a low of 29 degrees. Speaking to the prices, OEIS director John Kerry said that the “noticeably colder weather” combined with “strengthening economic indicators” brought about the rising in heating oil prices.