March 18, 2009 - 09:31 pm
News Feed: Maine

Oil prices fell in 2008-2009 heating season

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AUGUSTA, Maine — The price of heating oil declined steadily over the course of the 2008-09 heating season, according to the Governor’s Office of Energy Independence and Security.

In its March 16 oil survey, which is the last scheduled survey for the season which runs from October to mid-March, the OEIS reports that the statewide average cash price for No. 2 heating oil is $2.07 per gallon, a 3-cent decrease from the week before.

This is the lowest average cash price on record for the heating season, down $1.46 per gallon from the season high of $3.53, documented in the first 2008-09 survey on Oct.

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