AUGUSTA (AP) – Maine energy officials say the average cash price for No. 2 heating oil is $3.74 per gallon, 8 cents less than it was when the last survey was taken. Two weeks ago, average prices were $3.82 per gallon.
The director of the Governor’s Office of Energy Independence and Security, John Kerry, says the tumult in the financial markets has added volatility in the oil market. Kerry says expectations of a slowing economy have driven prices down.
But Kerry says consumers can also take a lot of credit for the recent drop in oil prices by cutting back on driving. He says Americans have driven 12.2 billion fewer miles through June 2008 compared with the same period in 2007.
In the state’s latest heating oil survey, the lowest price was $3.30 per gallon and the highest was $4.
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