November 20, 2013

Survey: Propane prices surge in Maine

The Associated Press

AUGUSTA — The Governor’s Energy Office says heating oil and kerosene prices are unchanged from two weeks ago but propane has risen 9 cents since late October.

click image to enlarge

Propane is delivered to a home in Falmouth in this Oct. 24, 2013, photo.

The Associated Press

Officials say the statewide price for propane was $2.76, which is 3 cents higher than last week. Meanwhile, heating oil was $3.53 per gallon and kerosene was $3.94 per gallon.

Energy Director Patrick Woodcock said a severe short-term propane shortage in the Midwest and lower New England inventories may be contributing to the observed price increases. He said crude oil inventories, meanwhile, are strong with U.S. oil production at its highest level since 1989.

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