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Maine heating oil prices hit record high

WABI · last updated

AUGUSTA, Maine (WABI) — The average price for heating oil in Maine has hit a record high.

According to the Maine Department of Energy Resources, the average statewide price of heating oil as of last Monday is $6.02 per gallon.

That is a 25-cent increase from last week and an 81% increase from this time last year.

Based on a standard 275-gallon oil tank, Mainers are now estimated to pay approximately $740 more to fill their tank to capacity than they would have one year ago.

Maine consumes more residential heating oil per capita than any other U.S. state and consumes significantly more per capita than other New England states.

Approximately 50%of all Maine households rely on fuel oil as their primary heat source.

The previous record for heating oil in Maine was $5.92 per gallon in 2022 following Russia’s invasion of Ukraine.

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