Seeking Alpha

Fuel price shocks that pushed California pump prices past $5/gallon could next hit heating oil...

Fuel price shocks that pushed California pump prices past $5/gallon could next hit heating oil users in New York, where depleted supplies and new green regulations could push bills up sharply this winter. The average cost of heating oil in New York is already up 8% Y/Y at $4.08/gal., and a real cold spell this winter could be all it takes to send spot heating oil prices to $5/gal.
Comments (6)
  • Archman Investor
    , contributor
    Comments (2596) | Send Message
     
    Wood burning fireplace insert!!

     

    Become a burner and save big $$.

     

    Stop feeding the heating oil companies!
    10 Oct 2012, 06:52 PM Reply Like
  • realornot
    , contributor
    Comments (1281) | Send Message
     
    "could next hit heating oil users in New York!"

     

    Ready to go up to the hills/mountains to chop woods.

     

    I need my X'mas trees anyway!
    10 Oct 2012, 07:39 PM Reply Like
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    Ah, fuel price hikes all over...just the thing for a struggling economy! Hope and change! Woohoo!
    10 Oct 2012, 07:42 PM Reply Like
  • wyostocks
    , contributor
    Comments (8822) | Send Message
     
    NO BURNNG WOOD IN NY.
    Come on folks what about all that pollution.
    10 Oct 2012, 07:50 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2710) | Send Message
     
    Every apartment building I have been in in the last 8 months (30 +) in NYC has converted to nat gas, as fuel oil is being phased out in the city. The same is true for the areas around the city. Demand for fuel oil in New York is falling, and will continue to fall. Unless the winter is especially cold, or a major refinery goes out, I don't see a spike coming.
    10 Oct 2012, 07:58 PM Reply Like
  • lostalloncoal
    , contributor
    Comments (373) | Send Message
     
    Thanks Obama and his EPA.
    10 Oct 2012, 09:43 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs