Heating oil prices have shot up in a span of one year. That has come as shocking news to homeowners. With the demand for heating oil not going down, homeowners must brace themselves to pay for this important commodity. Calls to have heating oil providers reduce the prices continue to fall on deaf ears. However, heating oil providers also have an alibi of why they are currently overcharging.
They cite the reduction in the availability of heating oil. Also, the policies set by the government do not favor the business. They are left with no choice but to increase the prices of heating oil.
Currently, heating oil goes for $5 per gallon. That is almost a 107% increase compared to last year. That has significantly increased the cost of living. Many homeowners are now not buying at a fixed rate, as witnessed before the increase. However, there is still some light at the end of the tunnel. It is all about hoping that this product will be readily available for heating oil providers. Besides, they are yearning to see the many bureaucracies that do not favor their business. That will significantly help in reducing the cost of heating oil. Homeowners will have to cope with the high prices for the time being. It is time to reevaluate priorities.