oil

NH News
12:00 am
Tue October 18, 2011

Forecast Calls for Home Heating Oil Spike

The price of home heating oil is expected to hit an all-time high this winter. That’s unwelcome news from Maine to Maryland, where millions of people rely on the fuel to stay warm. The spike could make life difficult for heating oil suppliers and their low-income customers.

When the price of crude oil jumps the price of home heating oil pretty much follows.

In the last 12 months, the price of crude has shot up 40%.

What’s causing the spike?

Aaron Brady, an analyst for IHS Cambridge Energy Research Associates, says its emerging markets like India and China.

Read more
NH News
12:00 am
Wed October 12, 2011

Home Heating Oil Prices Jump

A new report projects winter household heating oil will be at an all-time high.The cost of all major heating sources is up this season, with the exception of electricity.

Heating oil has seen the biggest increase, 33 cents more than this time last year.

The U.S. Energy Information Administration says on average, a gallon will now run about $3.71.

EIA’s Howard Gruenspecht says world oil prices have been jumping around.

Read more
NH News
12:00 am
Tue October 11, 2011

State Braces for Cut to Fuel Aid

It’s that time of year when people light fires in the morning, or see their tomatoes glazed in frost. It won’t be much longer before the real cold comes. Last year, some 45,000 families around New Hampshire received some help paying their heating bills. But this winter, all signs point to a cut in federal fuel assistance.

The math is pretty simple, says Mark Wolfe with the National Energy Assistance Directors’ Association.

“At this point both the House and Senate both call for a cut of about $1 billion dollars.”

Read more

Pages