Oil prices are bad for those with home heating oil, and gas price are bad for anyone that drives. But how do these rising prices affect other aspects of your life?
It's no surprise that gas and heating oil prices have been on the rise recently. However you may not think about how this is affecting other industries and your daily spending. We'll look at a few of the areas where U.S. homeowners are being hit with price increases.
Oil prices have been steadily rising since December. Since the first week of January 2022 alone, residential heating oil prices have gone from $3.39/gallon to $3.77/gallon. This is compared to $2.569/gallon at the close of January 2021.
How does the whistle on your oil tank work, and what does it have to do with getting your tank filled? We will explain these answers so that you know exactly how we fill your tank during an oil delivery.
President Biden announced last week that he would be releasing 50 million barrels of oil from the Strategic Petroleum Re serve (SPR) after a failed attempt at getting OPEC to increase oil production.
As of November 1, 2021, the U.S. Department of Health & Human Services has released $3.37 billion in LIHEAP Funding to states. The Low Income Home Energy Assistance Program, or LIHEAP, helps families living on low incomes by paying their heating bills in the form of a cash grant.
Predicting heating oil and gas prices is tough in such a volatile market, but it seems that one thing right now is certain: homeowners should expect to pay significantly more to heat their home this winter compared to years prior.
The price of natural gas is affecting everyone at the pumps; but for many, filling up the car's tank isn't the only concern.
The cost of home heating oil is on the rise too, currently about 80 percent higher than it was a year ago. For oil companies everywhere, paying more for fuel unfortunately means charging customers more -- a lose-lose situation for both parties.
Oil prices may be on the rise again due to a sudden ransomware attack that forced a critical fuel pipeline to shutdown.
Though it's hard to recall, before the recession of 2008-2009 there wasn't nearly as much discussion about oil and gas prices. It wasn't quite an afterthought, but fuel prices were affordable and seemed to rise at reasonable rates.