Serving Mid-Coast Maine
(207)549-7441
Maine Home Heating Oil Prices
Maine Fuel Oil Prices Continue to Rise-Hardman Oil Company Inc.
For the week of March 24th-28th 2008 we saw three price decreases and five price increases from the South Portland Terminal. Usually the prices only changes once a day, but there was a few days this week it changed twice a day. By the time the week was over #2 fuel oil had gone up thirteen and a half cents. I swear they won't be happy until the price hits $4.00 per gallon. Even though this winter is coming to a close, you have to wonder what the speculators will do to the market next year. These prices have been really hard on the customer and myself as a small business owner.
Fuel Oil Prices Continue to Climb
The week of March 10th was the second week running of dramatic price increases of fuel oil. As the rack price increases our margin is decreasing per gallon to stay competitive with the local oil companies that have 60-90,000 gallons of storage. As of the close of business on March 14, 2008 our price for a gallon of #2 Fuel Oil was $3.759. This heating season will soon be over and I can only wonder with the week dollar and the speculators, what next season will bring.
Oil Prices Are Still On The Rise
As if the price increases yesterday were not enough, fuel oil prices at the Portland Terminal increased another 4 cents today.
Maine Fuel Oil Prices Sky Rocket
When is enough, enough? Prices at the Portland terminal increased twice yesterday. There was a price increase at 1:00 p.m. of 9 cents and another increase at 6:00 p.m. of 8.9 cents. That's a 17.9 cent increase in the cost of #2 fuel oil in one day. The folks of Maine simply can not afford this, nor can I as a business owner. It's going to get to the point where it is cheaper to heat my house with electricity. Our price for #2 fuel oil is $3.499 per gallon today. I don't know what the answer is, but something has got to change.
Maine 2-1-1
If you are in desperate need of fuel oil and have exhausted all other means of obtaining fuel to stay warm this winter, you may want to try calling Maine 211. This is a limited program, but they may be able to help. You can also visit their web-site at www.maine211.org
Citizens Energy Oilheat Program
Citizens Energy Oilheat program will begin on December 3, 2007 and run through February 29, 2008, with approved households getting a one-time delivery of 100 gallons. Products covered include No. 2 oil, kerosene, No. 4 oil, No. 6 oil and biodiesel.
Households must apply to Citizens and be "approved" for the delivery. Approved households will be issued a voucher by Citizens to be presented to the company making the delivery. For more information, visit www.citizensenergy.com .
Households must apply to Citizens and be "approved" for the delivery. Approved households will be issued a voucher by Citizens to be presented to the company making the delivery. For more information, visit www.citizensenergy.com .
Help Maine Oil Dealers Keep Wall Street Honest. Call Congress Today!
The following is taken from a statement stuffer that is being distributed by Maine Oil Dealers.
Virtually all of the natural gas, electricity and petroleum sold in the U.S. and worldwide is traded first as commodities in contracts on commodities exchanges worldwide. An agency of the U.S. Goverment, the Commodities Futures Trading Commission [CFTC] is supposed to oversee the daily trading of contracts to ensure markets operate free from manipulation.
Nineteen individuals were indicted in the Enron scandal, a scandal that involved Enron's manipulation of the California electricity market through trades of electricity contracts. Amaranth is now at issue under allegations it manipulated the natural gas markets. Some may believe energy market instability during the last seven years has arisen through an imbalance of supply and demand, while others contend manipulation of the type seen in the Enron and Amaranth scandals is at fault.
S.2058, Senator Carl Levin's (D-MI) "The Close the Enron Loophole Act," started with a GAO investigation of the CFTC's authorities as initially requested by Congressman John Larson. The Maine Oil Dealers Association [www.meoil.com] is our association working with us to protect consumers and has been the driving force with hundreds of similar associations around the country to get this important legislation passed. Join with us in contacting our Maine Congressional delegation and asking each and every one of them to reaffirm their support to pass S.2058 legislation and to make sure energy markets are properly overseen by goverment and free from manipulation.
Senator Susan M. Collins
(202) 224-2523
Senator Olympia J. Snowe
(202) 224-5344
Representative Thomas H. Allen
(202) 225-6116
Representative Michael H. Michaud
(202) 225-6306
Virtually all of the natural gas, electricity and petroleum sold in the U.S. and worldwide is traded first as commodities in contracts on commodities exchanges worldwide. An agency of the U.S. Goverment, the Commodities Futures Trading Commission [CFTC] is supposed to oversee the daily trading of contracts to ensure markets operate free from manipulation.
Nineteen individuals were indicted in the Enron scandal, a scandal that involved Enron's manipulation of the California electricity market through trades of electricity contracts. Amaranth is now at issue under allegations it manipulated the natural gas markets. Some may believe energy market instability during the last seven years has arisen through an imbalance of supply and demand, while others contend manipulation of the type seen in the Enron and Amaranth scandals is at fault.
S.2058, Senator Carl Levin's (D-MI) "The Close the Enron Loophole Act," started with a GAO investigation of the CFTC's authorities as initially requested by Congressman John Larson. The Maine Oil Dealers Association [www.meoil.com] is our association working with us to protect consumers and has been the driving force with hundreds of similar associations around the country to get this important legislation passed. Join with us in contacting our Maine Congressional delegation and asking each and every one of them to reaffirm their support to pass S.2058 legislation and to make sure energy markets are properly overseen by goverment and free from manipulation.
Senator Susan M. Collins
(202) 224-2523
Senator Olympia J. Snowe
(202) 224-5344
Representative Thomas H. Allen
(202) 225-6116
Representative Michael H. Michaud
(202) 225-6306
Hardman Oil, Heating Oil Christmas Gift Certificates
Christmas Gift Certificates are now available for #2 fuel oil starting at $25.00.
50 Gallon Deliveries
With heating oil prices approaching the $3.00 per gallon mark, a percentage of Maine people are going to find it financially difficult to keep their homes warm this winter. The norm in the heating oil business has been to make a minimum 100 gallon fuel delivery for operating cost control. With fuel prices being what they are, Hardman Oil Co. has decided to offer 50 gallon deliveries when scheduled with our normal route. Due to the increased business operating cost the cash price for a 50 gallon delivery will be higher than that of a 100 gallon + delivery. Hopefully this change will help ease the burden of high fuel oil prices for some of our customers. Daily prices can be found at www.hardmanoil.com on our order fuel now page.
Hardman Oil Company - Maine Fuel Oil Delivery Area for 2007/2008 Heating Season
Some new towns have been added to our fuel oil delivery area for the 2007/2008 heating season. Hardman Oil Co. delivers #2 home heating oil to the following Maine Towns: 04341 Cooper's Mills, 04342 Dresden, 04345 Gardiner, Pittston, Chelsea, 04346 Randolph, 04348 Jefferson, 04353 Whitefield, 04357 Richmond, 04359 South Gardiner, 04363 Windsor, 04535 Alna, 04543 Damariscotta, 04553 Newcastle, 04555 Nobleboro, 04556 Edgecomb, 04572 Waldoboro, 04574 Washington, and 04578 Wiscasset.
Current cash price for #2 fuel oil is $2.579 per gallon.
Current cash price for #2 fuel oil is $2.579 per gallon.