New England, which depends extra heavily on heating oil than any other region, is getting a windfall from the big drop in petroleum costs. This 12 months, families using oil to heat their properties can anticipate financial savings of $1,200 to $1,500, on common, from decrease heating oil and gasoline costs.
The average price for heating oil in New England was $2.88 a gallon final week, down from $4.01 a year earlier, the US Division of Vitality says. In Massachusetts, the common was $2.Ninety two a gallon, down from $four.02 a yr ago.
John J. Drew, president of Motion for Boston Neighborhood Development, mentioned low oil prices have helped 9,000 low-earnings Massachusetts households that use heating oil and obtain federal heating help through the nonprofit social providers agency. Horizontal Rotation Cracking Furnace But one other 17,000 households served by the group use both natural gasoline or electricity to heat their houses and people prices have elevated.
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