Average heating oil prices drop another 6 cents in Maine's weekly survey

Associated Press

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.

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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.