Fuel Oil News

Fuel Oil News November 2014

The home heating oil industry has a long and proud history, and Fuel Oil News has been there supporting it since 1935. It is an industry that has faced many challenges during that time. In its 77th year, Fuel Oil News is doing more than just holding

Issue link: https://read.dmtmag.com/i/409852

Contents of this Issue

Navigation

Page 10 of 55

www.fueloilnews.com | FUEL OIL NEWS | NOVEMBER 2014 11 Fuels eIA N e w s • EIA projects average U.S. household expenditures for natu- ral gas, heating oil, electricity, and propane will decrease this winter heating season (Oct. 1 through March 31) compared with last winter, which was 11% colder than the previous 10-year average nationally. Projected average household expenditures for propane and heating oil are 27% and 15% lower, respectively, because of lower heating demand and prices. Lower heating demand and higher prices contribute eIA short-Term energy Outlook Highlights Release Date: Oct. 7, 2014 EIA is expanding the State Heating Oil and Propane Program this winter heating season. SHOPP is a joint effort between EIA and participating states to collect weekly residential heating oil and propane price data. The SHOPP program has traditionally included 24 states in the Northeast and Midwest regions, but the program was expanded after many other states expressed interest in the program following the winter of 2013-14. Starting on Oct. 16 and continuing through March 2015, EIA will publish propane prices for 14 new states—Ala- bama, Arkansas, Colorado, Florida, Georgia, Idaho, Illinois, Kansas, Mississippi, Montana, Oklahoma, Tennessee, Texas and Utah—as well as aggregate propane prices for the U.S. Gulf Coast and Rocky Mountain regions. Adding these 14 states will increase SHOPP's coverage of households using propane as a heating fuel from 56% to 85%, according to data from the U.S. Census Bureau's American Community Survey. Unlike retail natural gas and electricity, which are both provided through utility companies, retail heating oil and propane are sold by independent dealers. Dealers and their customers face considerable supply and price uncertainty, such as during this past winter when extreme weather drove up demand for heating fuels, depleting inventories and increasing prices. SHOPP provides valuable information to customers, fuel providers and state officials about market conditions. To make this information more accessible, EIA also cre- ated a webpage that brings together all the state-level infor- mation on winter heating fuels. It displays weekly price data on heating oil and propane in the participating states along with natural gas and electricity prices and supply. Data on the webpage will be updated weekly during the winter as data are released. eIA launches expanded Winter Heating Fuels Data Program for Winter 2014-15 Principal contributors: Tammy Heppner, John Krohn, Shawna Waugh Source: U.s. energy Information Administration. Note: weekly heating oil prices are collected in the states shown in dark blue and in the District of Columbia, but not in Missouri, North Dakota, and south Dakota.

Articles in this issue

Links on this page

Archives of this issue

view archives of Fuel Oil News - Fuel Oil News November 2014