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May 3—Heating oil prices neared another unprecedented threshold of $6 per gallon in southern Maine on Monday, despite the warmer temperatures and the ongoing release of U.S. oil reserves. Bill ...
The national gas average on Friday sat at $3.53 per gallon, nearly $0.10 higher than a year ago, according to AAA data. “Gas prices are a lot like seasonal temperatures.
In the Midwest, Rockies and Great Lakes, he predicted a hike of between 5 cents and 20 cents per gallon. He noted that people in New England could also see a price bump for home heating oil of 20 ...
Heating oil produces 137,500 British thermal units per US gallon (38.3 MJ/L) to 138,700 British thermal units per US gallon (38.7 MJ/L) and weighs 8.2 pounds per US gallon (0.95 kg/L). [2] Number 2 fuel oil has a flash point of 52 °C (126 °F).
The oil prices were seen rising to hit $71.38 per barrel in March 2021, marking the highest since the beginning of the pandemic in January 2020. [116] The oil price rise followed a missile drone attack on Saudi Arabia's Aramco oil facility by Yemen’s Houthi rebels. [117] The United States said it was committed to defending Saudi Arabia. [118]
The utility giant wants New York’s utilities regulator, the Public Service Commission, to allow it to jack up average electric bills by 11.4% and send gas bills soaring 13.3%. — a move that ...
On July 10, 2000, President of the United States Bill Clinton directed Energy Secretary Bill Richardson to establish a 2,000,000-US-barrel (63,000,000 US gal; 240,000,000 L) home heating oil component of the Strategic Petroleum Reserve in the Northeast. The intent was to create a buffer large enough to allow commercial companies to compensate ...
In September, the U.S. Department of Energy’s Office of Petroleum Reserves announced it would sell up to 10 million barrels of crude oil to be delivered from the Strategic Petroleum Reserve (SPR ...
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