SHARING TO EASE SHORT-TERM CONSUMER WORRIES
Can Northeast Governors secure a 20% rebate, for those who bought in advance, if it allowed the oil companies to hedge their future needs?
No one could have foreseen the financial crisis that slammed Wall Street in September and the more than $50 per barrel drop in crude oil prices that are now closer to $80 per barrel. Now with average home heating oil prices at $3.67 per gallon in the state, some home heating oil customers are wondering if they made the right decision.
Update: News reports that oil delivery companies are squeezed between tighter lending standards from banks and customer delinquencies.
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