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Vt dealers expect stable heating oil prices
RUTLAND, Vt. (AP) -- Vermont heating oil dealers say prices should be relatively stable this winter despite the recent jump in fuel prices.
Chris Keyser, who owns Keyser Energy, says heating oil prices have been steady over the past year and should remain so barring some major event. He tells the Rutland Herald that heating oil inventories remain plentiful.
Peter Bourne of Bourne's Energy agreed that heating oil supplies this winter shouldn't be an issue. But he cautioned that prices could spike due to Middle East tensions or Wall Street speculators.
In its July 9 short-term energy outlook, the federal Energy Information Administration forecast that the monthly average price of heating oil nationally will range between $3.52 and $3.67 a gallon over the coming year.