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9/28/2010 - Maine Heating Oil Prices On The Rise

Heating oil prices are creeping up in Maine. According to the Governor's Office of Energy Independence and Security's weekly oil survey, the current statewide average cash price for No. 2 heating oil now stands at $2.59 a gallon, up a penny for the second week in a row.

OEIS Director John Kerry says although federal data shows an increase in crude oil and gasoline inventories, signs of economic growth in Germany and some positive economic signs in the U.S. are driving up heating oil prices.

Kerry is urging Maine residents to tighten up their homes and businesses. To help,  he says Efficiency Maine has loosened requirements for qualifying for incentives for  energy improvements.

The agency has removed a September 30 deadline for completing a home energy audit in order to qualify for the incentives, which can save homeowners a lot of money. But Kerry says the improvements must still be completed by December 31 of this year.

Actual heating oil prices in Maine varied widely in the OEIS's latest survey, with the lowest price of $2.35 a gallon found in the southwest and west, and the highest price of $2.83 a gallon found in the north.

Kerosene is currently selling for a statewide average of $2.96 a gallon, two cents more than last week, while propane, based on a use of 600 gallons a year, is going for $2.67 a gallon, up three cents.

Take a look at the incentives, visit  Maine Efficiency website
Maine residents Find Lower Prices On Heating Oil By Micro Clustering.

Pilgrim Oil Group together with oil for less.com bringing you the most up-to-date current heating oil price, daily oil price and today's oil price