Oil Prices Jump Above $100 on Tanker Attacks and Iran Tensions
The nation’s dads are about to exhibit thermostat vigilance unlike anything we’ve ever seen. The US Energy Information Administration projects that home heating oil prices will average $5.26 per gallon this winter, up 34% from the same time last year. www.cnbc.com/2026/10/07/h...
It’s getting political. The Trump administration has called for reducing funding for the Low Income Home Energy Assistance Program, which helps low- and fixed-income households shoulder heating and cooling costs, per Axios. Leaders in Maine have called on Congress to increase that funding.
About 4.1 million US homes use heating oil, with most concentrated in the Northeast. Wars in Russia and the Middle East are pushing the price of distillate fuels—including diesel and heating oil—to levels that have people looking for solutions.