Maine Heating Oil Prices Jump Seven Cents
(image: pocket farmer via flickr.com)
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.
This Week in Heating Oil: Cold Weather and Rising Prices | HeatingOil.com says: says:
[...] one of the coldest in years. Falling temperatures force people to use more fuel to stay warm, and heating oil prices have risen during the cold spell. In weather like this, it’s more important than ever to make you’re your tank has enough oil [...]
Maine Heating Oil Prices Fall One Penny | HeatingOil.com says: says:
[...] $2.77 a gallon, which Office of Energy Independence and Security Director John Kerry attributed to colder weather and an improving economy in Asia. As long as global economic conditions don’t cool precipitously, Mainers—like other heating oil [...]