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May 20, 2024 · But why do heating oil prices move up and down so often? With fluctuations in the energy market, understanding the factors driving these changes is crucial. This blog explores the current heating oil prices, the influences behind them, and what consumers can expect in the near future.
- Lauren Mangano
Oct 13, 2023 · The main cost components of the retail heating oil price for residential consumers are the: Cost of crude oil for refiners. Cost for refiners to produce heating oil. Costs to market, distribute, and deliver heating oil to consumers.
Feb 19, 2022 · Rather than directly challenging renewables and slowing the energy transition, many energy industry analysts believe that the current high prices – and the associated financial windfall –...
Jan 19, 2024 · Learn about the key factors that influence heating oil prices and gain insights into the market trends and pricing fluctuations.
Heating Oil increased 0.12 USD/GAL or 4.88% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Heating oil reached an all time high of 5.86 in April of 2022.
What affects oil prices and how do fluctuations impact the wider economy? We discuss rising inflation, post-pandemic recovery and the energy transition.
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RPPs are a range of products that are refined from crude oil, such as gasoline, diesel, heating oil, and jet fuel. RPPs are the largest type of energy consumed by end users in Canada. Canada has 17 refineries with a total capacity of approximately 2.0 MMb/d, as of 2020.
