Maine Heating Oil Falls 17 Cents to $5.84 a Gallon as Winter Costs Stay Elevated
Updated
Updated · Newsradio WGAN | · Nov 14
Maine Heating Oil Falls 17 Cents to $5.84 a Gallon as Winter Costs Stay Elevated
3 articles · Updated · Newsradio WGAN | · Nov 14
Summary
$5.84 per gallon was Maine’s average residential heating oil price as of Nov. 9, down 17 cents from $6.01 a week earlier and back below $6.
That decline offers limited relief because heating oil still sits near record levels after peaking at $6.05 in October, up 82% from a year earlier.
A standard 275-gallon fill-up still costs Maine households about $750 more than last year, and the average heating-oil home is projected to spend $2,939 this winter.
Kerosene fell 24 cents to $6.77, propane slipped 2 cents to $3.64, and gasoline dropped 14 cents to $4.06 as Maine enters colder weather.
Maine remains especially exposed because about half of households still use fuel oil for heat, and the U.S. Department of Energy last month authorized up to 315,000 barrels from the Northeast reserve to bolster supply.