Heating oil prices are up 59% from last winter. The spike is ‘crushing folks,’ Maine nonprofit says

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The national average price of heating oil was about $5.91 a gallon on Nov. 9, up 59% from a year earlier, according to the U.S. Energy Information Administration. In Maine, it stood at $5.83, a 75% increase, while nearly half of the state’s homes use heating oil. Community Action Agency, a nonprofit helping financially struggling households, says assistance is no longer sufficient: the average benefit rose from about $550 to $750, allowing households to buy fewer gallons. The Trump administration released 300,000 barrels of heating oil from the Northeast reserve, while lawmakers are seeking $3 billion in additional funding for the federal program assisting low-income households with energy costs.

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Telemac
Telemachttp://cryptoinfo.ch
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