The Governor’s Office of Energy Independence and Security conducted its seasonal oil survey Dec. 28 and found that the current statewide average cash price for No. 2 heating oil to be at $2.60 per gallon, up three cents from last week.

“Improvements in domestic consumer confidence, geo-political tensions in the Middle East and a relatively weak U.S dollar continue to place upward price pressure on oil. Maine consumers should continue to conserve energy in all forms.” says OEIS Director John Kerry. “All Maine consumers should take steps to weatherize their homes, reduce energy consumption and create an energy budget for this year’s heating season.”

It is important to note that the price for heating oil is a statewide average and that prices in a given geographic region of the state may be considerably higher or lower than the statewide average. Within the OEIS sample, the lowest actual heating oil price of $2.32 per gallon was found in the Southwestern region. The highest price of $2.85 per gallon was found in the Eastern and Northern regions.

The statewide kerosene price average is $2.98 per gallon at this time. The statewide average for propane based on a use of 600 gallons a year was $2.79 per gallon.

At the time of this release the price of WTI crude oil, major driver of refined product prices, including heating oil was $78.77. 

For assistance please contact MaineHousing about their Home Energy Loan Program (HELP) that provides low interest rate loans of up to $30,000 to low- and moderate-income homeowners to finance a wide variety of energy-related improvements to their homes. For program details and a list of HELP lenders, visit mainehousing.org or call 1-877-544-3271. 

Many projects funded through this program save more money through the improvements then the loan payments they have to make. Businesses should take advantage of Efficiency Maine’s small business loan program to make energy upgrades. For information, go to efficiencymaine.com/business_programs.htm