Three insights on recent volatility in the heating oil market
Oil truck drivers trudge through record snowfall to keep tanks full.
This heating season, not quite done, has been one for the record books. Huge amounts of snow, very cold weather, but also a big drop in oil prices compared to last year categorized the winter. And it’s been the best year for Mass Energy/People’s Power & Light Discount Heating Oil Service members in a long time. Compared to surveys conducted by the state energy offices in Massachusetts and Rhode Island, throughout this winter our members have paid 44 cents less than full-service dealer prices in Massachusetts and 35 cents less than full-service dealer prices in Rhode Island, after adjusting for heating degree days.