From The Boston Globe · · 50s
US Taps Heating Oil Reserves Ahead of Midterms
US releases heating oil from strategic reserves to ease winter costs before election season.
In brief
US releases heating oil from strategic reserves to ease winter costs before election season. US government taps heating oil reserves to address soaring prices ahead of midterms, but analysts say the move won't significantly lower costs for households. Originally reported by The Boston Globe.
US taps heating oil reserves
US government releases 315,000 barrels of heating oil from strategic reserves to ease winter energy costs before midterms.
Heating oil prices surge
Heating oil prices jumped to $6.14 a gallon nationally, up 50 percent since Iran war began in February.
Maine faces high costs
Maine households pay up to $6.30 a gallon for heating oil, with Susan Collins defending her Senate seat against Troy Jackson.
Analysts warn of limited relief
Analysts say the release of 315,000 barrels won't significantly lower heating oil prices for most households.
“The volume is too small relative to consumption to significantly change supply”
Here's the gist
US government taps heating oil reserves to address soaring prices ahead of midterms, but analysts say the move won't significantly lower costs for households.
