Alas! Oil prices drop to lowest point in three-month stretch

Today oil prices were as low as $111 per barrel, which translates into less expensive heating oil and lower gas prices. Given the approaching end of summer, heating expenses are in the mind of just about everyone, so this is good news for those who have oil-base heating. Cheaper gas also helps, particularly when you have an SUV or a long commute, ouch!

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In the midst of Summer, is oil on your mind?

As a New Englander, even in the hottest day I can't help but wonder about oil for the upcoming fall and winter. Last year alone, I spent close to 3,500 to warm up a 1100 sq. ft. condo. This year, I don't wanna know... Granted, I've spent a good chunk of July getting my burners serviced and getting in new replacement windows. I have hope... maybe next winter I won't have to resort to coal to stay warm. Those were the good old days, I guess, when you could buy cheap, reliable coal to stay warm. Granted, it's a bit messy, but with fuel and oil prices these days I'd gladly go for coal, given the chance.

Below some links to pieces on the subject:

Article 1

Article 2

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