Fuel Oil Prices Rise 74% Year Over Year as Winter Heating Season Nears

Fuel oil prices rose sharply in September, adding to inflation and raising pressure on New England households as winter heating season approaches, with the fuel up 74.2% from a year earlier. Prices climbed 15.3% from August to September. Higher gasoline and fuel oil prices also contributed to inflation during the month. A previous winter spending estimate projected that U.S. households primarily using heating oil would spend $2,115 from November through March, up 21% from the prior winter. The estimate put the average winter price at $5.26 per gallon, a 34% increase. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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