AUGUSTA (AP) – The state energy office says the average cash price for heating oil dropped two cents a gallon for the second week in a row and now stands at $2.29.

In its latest statewide survey, the Governor’s Office of Energy Independence and Security said Tuesday that actual prices ranged from a low of $1.76 in southwestern Maine to a high of $2.55 in the eastern part of the state. The average price statewide for kerosene was $2.75, down four cents from the week before.

Energy office Director John Kerry said lower prices for heating oil and all petroleum products may be one of the few beneficial results of the economic slowdown. Kerry said lower economic activity means lower demand for oil, and thus lower prices.

AP-ES-02-17-09 1549EST


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