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By December, the price was US$8.45 per million BTU. The abrupt rise in price was attributed to an increase in demand in New England. In contrast, the price of competing heating oil rose from 45 cents to just 58 cents per litre over the same period. [1]
Oil traders, Houston, 2009 Nominal price of oil from 1861 to 2020 from Our World in Data. The price of oil, or the oil price, generally refers to the spot price of a barrel (159 litres) of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC Reference Basket, Tapis crude, Bonny Light, Urals oil ...
#2 Heating oil price, 1986–2022 Kerosene inventory stock levels (United States), 1993–2022. Heating oil is known in the United States as No. 2 heating oil. In the U.S., it must conform to ASTM standard D396. Diesel and kerosene, while often confused as being similar or identical, must each conform to their respective ASTM standards. [3]
However, the threat of increasing oil prices and heating bills for American consumers remains real. Take Our Poll: ... You can get TurboTax for 30% off on Amazon today. AOL.
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