Maine oil prices

Maine heating oil costs are continuing to plummet and generally are now on lowest level in almost a dozen many years.

The typical cost in Maine on Monday ended up being $1.77 a gallon, in accordance with a study performed by the Governor’s Energy workplace. The cost fell 4 dollars a gallon from the week before and it is now in the most affordable degree since the state began regular heating oil price surveys in October 2004.

The buying price of kerosene in addition fell 4 cents a gallon from past week and was at $2.38 a gallon. Propane costs stayed steady at $2.22 a gallon, the GEO reported.

The values reflect lower crude oil costs, which are down more than 25 percent considering that the start of the 12 months. Western Tx Intermediate crude oil prices stabilized Thursday early morning at about $28.74 a barrel.

The GEO stated the present typical cost for heating season is down to $1.95 a gallon. The typical Maine home using 900 gallons of oil helps you to save nearly $1, 600 over final year’s cost of heating.