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

|By:, SA News Editor
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.