AUGUSTA, Maine (AP) - The price of heating oil is holding steady in Maine at a rate that is higher than it was a year ago.
The Governor’s Energy Office said on Thursday the average statewide cash price is now $3.02, which is the same as last week. Kerosene is now $3.62 per gallon, up one cent from a week ago. Propane is $2.88, up two cents in that time.
The office says heating fuel prices are averaging 7 to 17 percent more expensive than last year, but they’ve also leveled off after increases for several weeks in a row.
The governor’s office attributes the price plateau to a retreat of oil prices from four-year highs. The retreat followed weeks of prices climbing in the worldwide crude oil market.
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