Northeast rationing heating oil as already high cost of oil is expected to become even higher

Apple Oil president Sam Livieri discusses the growing concerns about heating costs as winter approaches

Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’

Important Takeaways:

  • Heating oil company warns ‘perfect storm’ coming this winter unless supplies are replenished
  • Oil executive Sam Livieri issued a stern warning to Americans on the ability to heat their homes as winter draws closer. Livieri said Tuesday that with a low supply of heating oil, the country could see a “perfect storm,” particularly in New England.
  • States in the Northeast are reportedly already rationing heating oil as prices rise.
  • Livieri said prices are roughly 40% higher than in 2021 and are expected to skyrocket when demand reaches its peak in the winter months.
  • Livieri said the high costs are “detrimental,” particularly for the elderly and people on fixed incomes. A 275-gallon tank, he estimated, currently costs consumers more than $1,100 to fill.

Read the original article by clicking here.

Leave a Reply