Americans brace for brutal winter amid surging cost of heating oil
Summary
Americans who use heating oil are facing much higher prices this winter due to global factors. President Donald Trump has made a deal to import diesel fuel from Russia to help ease costs, but some U.S. senators oppose this because of the war in Ukraine.Key Facts
- Heating oil prices in Maine are about $5.97 per gallon, up from $4 last year.
- Some families expect to spend around $5,000 to heat their homes this winter.
- Heating oil prices are linked to diesel prices because both come from similar refining processes.
- Diesel prices have nearly doubled in a year, reaching $6.29 per gallon.
- The rise in diesel and heating oil prices is partly due to Russia stopping diesel exports after attacks on its refineries amid the war with Ukraine.
- President Trump made a deal to import 300,000 tons of diesel fuel from Russia to lower costs.
- Some U.S. senators oppose lifting sanctions on Russian oil because of the ongoing war.
- The U.S. Energy Information Administration says that households using heating oil will face higher costs compared to those using natural gas or propane.
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