Heating your home with oil could cost $750 more this winter. Read this before you pay the price. Opinion: Heating your home with oil could cost $750 more this winter.
New England heating oil just hit the highest price in the government’s records. Washington’s answer is a loan you will never see and a pipeline that does not exist. Heating-oil prices are at record highs, and the government’s solution could cost you more in the long run.
If your house burns oil, you are buying it at the highest price the government has ever recorded. New England households paid an average of $6.11 a gallon on Oct. 19. That’s up 77% from $3.45 a year earlier.
The Energy Information Administration’s weekly survey began in 1990. Maine has the most to lose. About half of Maine households rely on fuel oil to heat their homes, and filling a standard 275-gallon tank costs about $750 more than it did a year ago.
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