Heating oil prices climb in Maine

By The Associated Press

The Maine Governor's Energy Office says the price of heating oil has risen over the last two weeks.

 

AUGUSTA, Maine (AP) — The Maine Governor's Energy Office says the price of heating oil has risen over the last two weeks.

The statewide average cash price for No. 2 heating oil was $2.22 per gallon this week. That's up eight pennies over the last two weeks.

The state's average prices for kerosene and propane also increased, though the propane price didn't increase as much as kerosene and oil.

The governor's office said global oil prices have risen since the Organization of Petroleum Exporting Countries announced oil production cuts in 2017. Whether countries will follow production cuts is unclear.

The state found the highest heating oil price was $2.51, while the lowest price was $1.95. Northern Maine had a higher average at $2.29 per gallon.

The numbers reflect a Dec. 27 survey.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs