Heating oil news

Here are some recent news articles and updates related to heating oil:

Price Updates

• As of March 2023, the average price of heating oil in the United States is around $3.44 per gallon, according to the Energy Information Administration (EIA). [1]
• In the Northeast, where heating oil is a common heating source, prices have been rising due to increased demand and supply chain issues. As of March 2023, the average price of heating oil in the Northeast is around $4.15 per gallon. [2]

Industry Trends

• The heating oil industry is shifting towards more sustainable and environmentally friendly options, such as biodiesel and renewable heating oil. [3]
• The use of smart thermostats and other energy-efficient technologies is becoming more widespread, helping homeowners and businesses reduce their energy consumption and costs. [4]

Regulatory Updates

• The Environmental Protection Agency (EPA) has proposed new regulations to reduce emissions from heating oil furnaces and boilers. The proposed rules aim to reduce emissions by 20% by 2030. [5]
• The New York State Department of Environmental Conservation (DEC) has implemented new regulations requiring heating oil dealers to use cleaner-burning fuels and to reduce emissions from their operations. [6]

Company News

• ExxonMobil has announced plans to invest $1 billion in its refining and petrochemical operations in the United States, including its heating oil production facilities. [7]
• The heating oil company, Hess, has announced plans to expand its operations in the Northeast, including the construction of new storage facilities and the addition of new employees. [8]

Weather and Demand

• The cold winter weather in the United States has led to increased demand for heating oil, causing prices to rise. [9]
• The National Weather Service has predicted a warmer-than-normal winter for the United States, which could lead to decreased demand for heating oil and lower prices. [10]

I hope this information is helpful!