- Associated Press - Tuesday, December 9, 2014

PORTLAND, Maine (AP) - The price of heating fuel continues to drop in Maine.

The governor’s energy office said Tuesday that the current statewide average cash price for heating oil is $2.93 per gallon, dropping another 6 cents this week. The average for kerosene, at $3.53 per gallon, was also 6 cents lower.

Last week, officials said the average statewide heating oil price had dropped to its lowest level since 2008, when global financial markets collapsed. A year ago, heating oil averaged $3.64 and kerosene $4.04.

Officials predict that prices will continue to drop because of flat demand and increased U.S. crude oil production.

The highest price for heating oil was found in central Maine at $3.30 per gallon. The lowest price was in southwestern Maine, where heating oil could be purchased for $2.53.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide