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Maine energy officials say the average price for home heating oil is unchanged for the third week in a row at $2.56 a gallon.
Homeowners who heat with oil were feeling sticker shock just over a year ago as prices soared close to $5 a gallon, but they're breathing easier now.
Venezuela's Citgo Petroleum Corp. resumed deliveries of free heating oil to poor Americans on Thursday, making its first delivery since the program's rumored end.
President Hugo Chavez said Saturday that Venezuela's program to provide heating oil to poor American families was never halted, despite concerns that deliveries might be interrupted.
Citgo, the Venezuelan government's U.S.-based oil subsidiary, reversed course Wednesday and said it will continue shipments of heating oil to poor families in the United States.
A growing number of the heating oil customers who signed fixed-price contracts as costs spiked over the summer are now attempting to back out of those deals as the price of oil collapses.
There is no business plan for what New England heating oil dealers and customers have gone through this year.
Burned last year after she failed to lock in a contract for heating oil, Corinne Wilkins, a home health aide, signed a contract this year before winter set in.
Nowhere in America, it seems, are people more apprehensive about the prospect of a $3-a-gallon winter than in Maine.
Venezuela and Citgo Assure Continuity of U.S. Heating Oil programContradicting recent reports about the program's discontinuation, the U.S.-based and Venezuelan-owned CITGO Petroleum Corporation confirmed the continuation of its U.S.
OK, more on speculation and oil prices. I have followed Paul Krugman's reasoning for a while on the oil price/speculation issue. His reasoning is very solid and at first blush seemed unassailable to me.
There has been a lot of debate going on about whether or not speculation is driving up oil prices. I haven't taken a position one way or the other. I am not an expert in the commodity markets and I have been impressed with the evidence on both sides of the argument.
I am in Seoul, South Korea on a teaching assignment. I have been here for a week and will be here for another. I haven't had time to write anything useful, even though there is so much going on. Seoul is a great city and the people I meet here are very warm and kind.
For years we were all told this day could come. That we'd pay the price for not cutting back and controlling ourselves. I just think it was way too much too fast. This was not what we thought could or would happen. Nothing should increase this quickly.
5 Easy Ways to Save on Record High Home Heating Bills[w pics], check out these easy solutions anyone can do to feel less wallet pain this winter, which plans to be a pricey one if you want to stay warm.
U.S. Will See Record Heating Bills This WinterCold weather hasn't hit the Northeast yet, but record heating-oil prices mean high heating bills are on the way for many residents. About eight million U.S.
Energy Traders Avoid ScrutinyCalled by some insiders the Wild West of Wall Street, commodity trading is a world where many goods that are key to national security or public consumption, such as oil, pork bellies or uranium, are traded with almost no oversight.
Old Man Winter Expected to Bring Record Heating PricesU.S. consumers are expected to pay record prices for heating oil, electricity and propane to warm their homes this winter, and low-income families will need government help to cover those bills, government energy officials said on Tuesday.
Crude Oil Nears $60 a Barrel as Cold Weather Depletes SuppliesCrude oil approached $60 a barrel on speculation cold weather in the U.S. will deplete inventories of heating fuels in the world's biggest energy-consuming nation.
Oil jumps 3 percent on colder US weatherOil rises as cold winter weather returns the the U.S. raising energy demand.
Crude Oil Rises On Forecast of Colder Than Normal TemperaturesJan. 17 (Bloomberg) -- Crude oil rebounded after failing to break through $50 a barrel in New York as cold weather moved into the Northeast.
The Energy Bear Case Is At Odds With Falling InventoriesLower than average oil inventories, and the forecast of extemely cold temperatures the rest of the month could send oil prices back up.
Oil Tanker Aground Off Long Is. A tanker carrying home heating oil ran aground in an inlet on the Atlantic coast of western Long Island early yesterday, but luckily didn't spring a leak.
Venezuela plans more oil discountsLeftist President Hugo Chavez of Venezuela said yesterday he would greatly expand the discounted home heating oil program he started last year for needy people in Massachusetts and other northeastern states.
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