Heating oil prices top $3 per gallon in northern Maine
As the weather turned colder this week, heating fuel prices rose, with the average cash price for No. 2 heating oil at $2.88 per gallon on Oct. 1, up 14 cents from the previous month.
The Governor’s Energy Office also said kerosene was up 11 cents to $3.45 per gallon and propane was up 9 cents on average statewide to $2.77 per gallon.
Overall, heating fuel prices have increased 3 percent to 4 percent since June.
The average price of heating oil was the highest at $3.04 per gallon in northern Maine. Kerosene also was the highest in northern Maine at $3.61 per gallon. However, eastern Maine claimed the highest propane prices at $2.82 per gallon.
The energy office, citing Bloomberg reports, said several factors are causing the price hikes, including a significant drop in Iranian oil exports ahead of the second round of U.S. economic sanctions scheduled to take effect Nov. 4.