Heating oil dealers in the Portland area are engaging in shameless price gouging.
On Nov. 30, the NASDAQ closing price for heating oil traded in large lots was $1.834 a gallon. The lowest price for delivery in Portland that day was $2.789 a gallon, a difference of 95.5 cents. Normally, this gap between wholesale and retail does not exceed 50 cents historically.
The local gasoline price is $2.329 a gallon for a more highly refined and heavily taxed product, while heating oil is not taxed.
I am contacting my state senator and representative requesting this be investigated, and I urge all heating oil consumers to stand up against this price fixing.
John Riley
Falmouth
Send questions/comments to the editors.
Related Stories
Latest Articles
-
Nation & WorldRepublicans block Senate vote on resolution condemning Trump’s decision on Syria
-
Cops & Courts
Winthrop High School student charged after threatening social media post
-
Nation & World
Juul halts sales of fruit, dessert flavors for e-cigarettes
-
The Forecaster
Small business resource expo in Yarmouth
-
Local & State
Two firefighters injured when firetrucks collide in Knox County
Comments are not available on this story.