Fuel Oil, Heating Oil and Gas Information Blog 9 November 2008

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Fuel Oil, Heating Oil and Gas Information Blog 9 November 2008

9 November 2008

Home Heating Oil Tank, Tucson Innovative Home Tour Highlights

Posted at 11/9/2008 12:41:00 AM

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The national residential heating oil price fell a slight 0.4 cent a gallon over the last week to $1.382 a gallon, but is still 10.5 cents higher than a year ago, according to the Energy Department. The department's Energy Information Administration, which conducts the weekly survey of heating oil costs, said it expects heating oil to average $1.33 a gallon this winter. Even with this week's price decline, heating fuel costs so far this season have been way above the EIA's estimate, and the coldest winter months have yet to arrive.