McElroy Oil Warns 270-Gallon Heating Oil Fill Could Hit $1,900 as Iran War Lifts Fuel Costs
Updated
Updated · WLOS · Sep 16
McElroy Oil Warns 270-Gallon Heating Oil Fill Could Hit $1,900 as Iran War Lifts Fuel Costs
1 articles · Updated · WLOS · Sep 16
Summary
$1,900 is what a 270-gallon home heating oil fill could cost this winter, up from about $1,200 a year ago, according to McElroy Oil in North Carolina.
Fuel prices have climbed with gasoline and diesel since the war in Iran began, McElroy Oil President Daniel McElroy said, citing wholesale jumps of 17 cents one day and 9 cents the next.
Suppliers are also capping deliveries to the company at one or two loads a week, while higher diesel costs for its trucks are adding to what customers pay.
Older customers on fixed incomes face the sharpest strain as winter demand approaches, with McElroy warning some may have to choose between medicine and heat.
With heating oil prices skyrocketing due to global conflicts, how can vulnerable households avoid choosing between staying warm and buying life-saving medicine?
Could transitioning away from traditional oil furnaces be the ultimate shield against unpredictable geopolitical energy shocks and soaring winter utility bills?