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Heating Oil Prices Fall in Maine After Record High Season
04/03/2013 03:33 PM ET  

Heating oil prices in Maine fell an average of 5 cents a gallon over the past week, but for the season as a whole, heating costs hit record highs, state officials say.

Heating fuel prices fell by an average of 5 cents a gallon over the past week. That's according to the Governor's Energy Office's weekly survey, which pegs the average statewide cash price for No. 2 heating oil at $3.61 a gallon.

That represents a drop of 17 cents a gallon over the past month, state officials say. The price of kerosene also fell, by an average of 4 cents a gallon, to $4.07, while propane prices held steady.

State officials are welcoming the trend, but say for the season as a whole, home heating oil costs were at record highs. According to an Energy Office review, heating oil averaged $3.71 a gallon for the season, which ran from October 2012 through March 2013.

That means that the average homeowner, who uses 850 gallons of heating oil a year, spent $3,153 to stay warm, nearly twice what an average Maine homeowner paid for heat in the 2004-2005 season, Energy Office officials say.


 

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