AUGUSTA (AP) – The cost of heating oil in Maine continues to fall, with the average cash price dropping a nickel a gallon to $2.10, the lowest since 2005.
The state Office of Energy Independence and Security said Monday that its latest weekly survey shows prices ranging from a low of $1.62 in southwestern Maine to a high of $2.35 in the northern part of the state.
Energy office director John Kerry said the continued declines reflect “a drop in demand, an increase in inventories and an overall global drop in economic activity.”
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