Commodities
US heating oil averaged $5.91 a gallon, up 59% in a year
In Maine the average is $5.83 a gallon, up about 75%, and a local aid group reports residents with empty tanks.
The national average heating oil price was roughly $5.91 a gallon as of Nov. 9, up 59% from a year earlier, the EIA said.
Supply shocks tied to the Iran war and the Russia-Ukraine war, low inventories and limited refining capacity have added upward pressure, the Kansas City Fed's recent research found.
The EIA expects households that heat with oil to spend $2,115 from November through March, about 21% more than last year. A warmer Northeast winter should cut use.
