Experts offer advice on how to save money this winter as heating oil prices rise

The constant rise in the price of heating oil worries many owners. Several factors are driving up costs, including a cut in global production of cruel oil and the ongoing war in Ukraine.

Peter Russell, president of Santa Energy, says price is what customers are most concerned about.

Several oil industry sources claim that the average home heating oil price in this region is close to $6 per gallon.

Last week, it averaged $5.70 statewide, down from $3.20 this time last year.

Russell says prices were just as high in the fall of 2008, but a few months later they plummeted.

“The war in Ukraine kind of changed the whole economics of supplying the oil industry. The energy industry in general,” said Chris Herb, president of the Connecticut Energy Marketers Association. .

He says from wholesale to retail there is some shortage of supply, but supply will increase as winter demand increases.

Russell suggests moving your furniture away from radiators and air vents so that air can circulate through the house.

Herb says if you need help paying for your home’s oil, there are programs that can help. Connecticut’s Energy Assistance Program and operating fuel are available to help people get through the winter.

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