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Maine Home Heating Oil Prices
Maine Oil Prices
As we approach Memorial Day, gas and oil prices seem to be on the rise as usual. Fuel oil prices have increased for the last five days. I guess we shouldn't complain though. Prices are much better than they were this time last year. It does seem that many customers are not taking the chance and waiting until fall to top off their tanks, they are doing it now. Who knows what will happen by fall. I see some companies have pre-buys in the low $2.00 range. We can only hope that prices continue to fall as we approach the 2009/2010 heating season.
Fuel prices drop below $2.00 per gallon.
After seeing prices this past summer in the mid four dollar range, it has been a big relief to see prices finally continue to fall. Our cash price for #2 Fuel Oil has finally dropped to $1.999 per gallon. What will happen in the future is anybody's guess. We can only hope that the market will stabilize and the drastic price swings will end.
Maine Fuel Oil Prices Continue to Rise-Hardman Oil Company Inc.
For the week of March 24th-28th 2008 we saw three price decreases and five price increases from the South Portland Terminal. Usually the prices only changes once a day, but there was a few days this week it changed twice a day. By the time the week was over #2 fuel oil had gone up thirteen and a half cents. I swear they won't be happy until the price hits $4.00 per gallon. Even though this winter is coming to a close, you have to wonder what the speculators will do to the market next year. These prices have been really hard on the customer and myself as a small business owner.
Fuel Oil Prices Continue to Climb
The week of March 10th was the second week running of dramatic price increases of fuel oil. As the rack price increases our margin is decreasing per gallon to stay competitive with the local oil companies that have 60-90,000 gallons of storage. As of the close of business on March 14, 2008 our price for a gallon of #2 Fuel Oil was $3.759. This heating season will soon be over and I can only wonder with the week dollar and the speculators, what next season will bring.
Oil Prices Are Still On The Rise
As if the price increases yesterday were not enough, fuel oil prices at the Portland Terminal increased another 4 cents today.
Maine Fuel Oil Prices Sky Rocket
When is enough, enough? Prices at the Portland terminal increased twice yesterday. There was a price increase at 1:00 p.m. of 9 cents and another increase at 6:00 p.m. of 8.9 cents. That's a 17.9 cent increase in the cost of #2 fuel oil in one day. The folks of Maine simply can not afford this, nor can I as a business owner. It's going to get to the point where it is cheaper to heat my house with electricity. Our price for #2 fuel oil is $3.499 per gallon today. I don't know what the answer is, but something has got to change.
Maine 2-1-1
If you are in desperate need of fuel oil and have exhausted all other means of obtaining fuel to stay warm this winter, you may want to try calling Maine 211. This is a limited program, but they may be able to help. You can also visit their web-site at www.maine211.org
Citizens Energy Oilheat Program
Citizens Energy Oilheat program will begin on December 3, 2007 and run through February 29, 2008, with approved households getting a one-time delivery of 100 gallons. Products covered include No. 2 oil, kerosene, No. 4 oil, No. 6 oil and biodiesel.
Households must apply to Citizens and be "approved" for the delivery. Approved households will be issued a voucher by Citizens to be presented to the company making the delivery. For more information, visit www.citizensenergy.com .
Households must apply to Citizens and be "approved" for the delivery. Approved households will be issued a voucher by Citizens to be presented to the company making the delivery. For more information, visit www.citizensenergy.com .
Help Maine Oil Dealers Keep Wall Street Honest. Call Congress Today!
The following is taken from a statement stuffer that is being distributed by Maine Oil Dealers.
Virtually all of the natural gas, electricity and petroleum sold in the U.S. and worldwide is traded first as commodities in contracts on commodities exchanges worldwide. An agency of the U.S. Goverment, the Commodities Futures Trading Commission [CFTC] is supposed to oversee the daily trading of contracts to ensure markets operate free from manipulation.
Nineteen individuals were indicted in the Enron scandal, a scandal that involved Enron's manipulation of the California electricity market through trades of electricity contracts. Amaranth is now at issue under allegations it manipulated the natural gas markets. Some may believe energy market instability during the last seven years has arisen through an imbalance of supply and demand, while others contend manipulation of the type seen in the Enron and Amaranth scandals is at fault.
S.2058, Senator Carl Levin's (D-MI) "The Close the Enron Loophole Act," started with a GAO investigation of the CFTC's authorities as initially requested by Congressman John Larson. The Maine Oil Dealers Association [www.meoil.com] is our association working with us to protect consumers and has been the driving force with hundreds of similar associations around the country to get this important legislation passed. Join with us in contacting our Maine Congressional delegation and asking each and every one of them to reaffirm their support to pass S.2058 legislation and to make sure energy markets are properly overseen by goverment and free from manipulation.
Senator Susan M. Collins
(202) 224-2523
Senator Olympia J. Snowe
(202) 224-5344
Representative Thomas H. Allen
(202) 225-6116
Representative Michael H. Michaud
(202) 225-6306
Virtually all of the natural gas, electricity and petroleum sold in the U.S. and worldwide is traded first as commodities in contracts on commodities exchanges worldwide. An agency of the U.S. Goverment, the Commodities Futures Trading Commission [CFTC] is supposed to oversee the daily trading of contracts to ensure markets operate free from manipulation.
Nineteen individuals were indicted in the Enron scandal, a scandal that involved Enron's manipulation of the California electricity market through trades of electricity contracts. Amaranth is now at issue under allegations it manipulated the natural gas markets. Some may believe energy market instability during the last seven years has arisen through an imbalance of supply and demand, while others contend manipulation of the type seen in the Enron and Amaranth scandals is at fault.
S.2058, Senator Carl Levin's (D-MI) "The Close the Enron Loophole Act," started with a GAO investigation of the CFTC's authorities as initially requested by Congressman John Larson. The Maine Oil Dealers Association [www.meoil.com] is our association working with us to protect consumers and has been the driving force with hundreds of similar associations around the country to get this important legislation passed. Join with us in contacting our Maine Congressional delegation and asking each and every one of them to reaffirm their support to pass S.2058 legislation and to make sure energy markets are properly overseen by goverment and free from manipulation.
Senator Susan M. Collins
(202) 224-2523
Senator Olympia J. Snowe
(202) 224-5344
Representative Thomas H. Allen
(202) 225-6116
Representative Michael H. Michaud
(202) 225-6306
Hardman Oil, Heating Oil Christmas Gift Certificates
Christmas Gift Certificates are now available for #2 fuel oil starting at $25.00.