According to an Associated Press report on the Wall Street Journal’s website, heating oil use is declining as homeowners are finding alternative, less-expensive ways to heat their homes.
of U.S. households use oil to heat their homes, but the Northeast has a higher
proportion of people who use it as their primary heating source than any other
region. Nowhere is the dependence greater than in Maine, where oil heats three
out of four homes.
oil prices have shot up 32 percent over the past four months in Maine. But
consumption has fallen by more than a third in the past five years, according
to the U.S. Energy Information Administration. Nationally, sales of residential
heating oil have fallen 26 percent.”
the full article here.
related news, Governor Lincoln Chafee of Rhode
Island proposed an ambitious plan to address his state’s budget problems March
8, including a tax on heating oil.
can read the full story from heatingoil.com here.
The Associated Press, Wall Street Journal, www.heatingoil.com
Heating Oil Use Falls, R.I Proposes Tax
March 15, 2011