Maine Heating Oil Jumps 74% to $5.77 a Gallon as Iran War Lifts Energy Costs
Updated
Updated · WMTW Portland · Sep 17
Maine Heating Oil Jumps 74% to $5.77 a Gallon as Iran War Lifts Energy Costs
1 articles · Updated · WMTW Portland · Sep 17
Summary
$5.77 per gallon was Maine’s average heating oil price on Sept. 14, up 74% from a year earlier and just below the state record of $5.92 set in May 2022.
A standard 275-gallon tank now costs nearly $675 more to fill than a year ago, with the state linking the surge to global energy prices driven by conflicts abroad, including the Iran war.
$6.57 per gallon was the statewide average for kerosene, adding to pressure in the nation’s most heating-oil-reliant state as households head into the winter heating season.
NEADA estimates heating oil will post the biggest home-heating increase this season, with Northeast households projected to spend about $2,297, up 31% from nearly $1,800 last year.