The Russia-Ukraine war, lagging supplies and limited refining are creating havoc in the heating oil market, and Maine is especially vulnerable.
heating oil
Posted inBusiness, Maine
As heating costs soar, Mainers worry about the price of warmth
Oil costs are at record highs, electricity rates are increasing and temperatures are dropping. The result could be a crisis for Maine residents this winter.
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Posted inBusiness, Franklin, Maine
Families worry as heating costs rise and days get colder
Jay family has been preparing for winter by buying 5 gallons of heating oil at a time.
Posted inBusiness, Nation / World, News, Politics
What is the strategic oil reserve, and can it lower gas prices?
With Election Day on the horizon and gas prices rising, President Biden proposes releasing another 15 million barrels of oil.
Posted inNation / World, News
Biden to release 15 million barrels from oil reserve, more possible
President Biden will also open the door to additional oil reserve releases this winter in an effort to bring prices down.
Posted inBusiness, Maine
Expect tight supply of heating oil, K1 kerosene this winter
From refinery issues to labor woes, industry facing big hurdles.
Posted inThe Penobscot Times
Gas is cheap, but high demand and low temperatures mean no bargains on heating oil
Heating oil prices hold steady, even as gas prices stumble
Posted inBusiness
Staying warm this winter will cost more for Maine heating oil customers
PORTLAND (AP) — The cost of staying warm this winter is going to grow for the average American, and it’s going to be especially painful for those who rely on heating oil, a federal agency said. The U.S. Energy Information Administration forecasts a 20 percent increase in spending for heating oil but more modest increases […]
Posted inBusiness, sj-web
Cleaner heating oil now the standard in Maine
Heating oil now being delivered to homes and businesses across Maine will burn cleaner than ever before, cutting boiler maintenance costs and fuel use while improving air quality and visibility, according to industry and state environmental officials. After years of planning, on July 1 Maine switched to ultra-low sulfur heating oil, a fuel that studies […]
Posted inMaine, sj-web
Donald Trump wants to cut heating oil assistance to the poor
PORTLAND (AP) — The Trump administration is once again calling for the complete elimination of a heating assistance program that helps to keep the homes of low-income families warm. And once again, program supporters are vowing to fight it. The administration is using the same arguments from a year ago when it tried to abolish […]