Press Releases

ECC Statement on October 2009 Winter Fuels Outlook

Washington, D.C., October 6, 2009 "The Winter Fuels Outlook is a sign that the 2009-2010 supply of heating oil should be abundant with appealing prices for consumers compared to the winter of 2008-2009. Oilheat retailers will again deliver consumers a high-quality, safe product that provides great warmth and comfort while burning 95 percent cleaner than it did in the 1970s." - John Huber, spokesman Energy Communications Council (ECC).

For more information, contact John Huber at 703-340-1660 or [email protected].

HEATING OIL TAKEWAY FROM EIA:

SUPPLIES
Northeast heating oil stocks are approximately 17 percent higher than where they were last year and the strongest they have been in the last five years,
according to EIA.

PRICES
Compared to this time last year, retail heating oil prices in the Northeast have dropped about 40 percent, according to EIA. EIA expects the Northeast average heating oil price for the entire 2009-2010 winter to be $2.64 per gallon, 1 percent below the 2008-2009 winter.

The Winter Fuels Outlook is available at http://www.eia.doe.gov/emeu/steo/pub/oct09.pdf.

ECC NOTE: Since heating oil prices vary by state and locality, please contact state heating oil associations if needed. Their contact information is available at http://www.nora-oilheat.org/site20/index.mv?screen=links#State%20Assn.