Worries about the war with Iran sent oil prices
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Emergency Oil, Proposes Massive Release
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From filling up at the gas pump or home heating, impacts from rising oil prices are being felt across Massachusetts.
Forbes contributors publish independent expert analyses and insights. Matt Randolph is a globally recognized oil and gas expert The situation regarding diesel prices is notably distinct. Typically, during the summer months in the United States, inventories ...
Local vendors are citing the situation in the Middle East as the cause of sharply increasing prices for heating oil, with a few cold days likely still ahead before the spring.
The war in Iran means sticker shock for consumers who buy oil for heat and hot water. The average cost of heating oil in New York is 11% higher than a year ago.
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Fuel oil traders in Asia are struggling to secure alternative supply as the Iran war curtails shipments from key Middle Eastern suppliers through the
Heating oil prices in the state have now topped $4 a gallon, about a dollar higher than they were at the same time last week.
Two tankers were ablaze in an Iraqi port on Thursday after a hit by suspected Iranian explosive-laden boats, a step up in attacks that have cut off oil from the Middle East and defied Donald Trump's claim to have won the war he launched two weeks ago.