Bad News From Oil Dealers

Updated 6 years ago

The chairman of the Maine Oil Dealers Association says he sees &quot:a desperate customer base,&quot: and David Martin, also the V.P. of Webber Oil, says the state can expect to see fewer dealerships.

He says some dealers are extending credit to too many customers, while others are losing money by making smaller deliveries than they should.

The result, according to Martin, is that a lot of oil companies that have been around for generations are going out of business.

Martin addressed the heat and energy emergency task force in Augusta Wednesday.

Oil is currently running at about $4 a gallon, but Martin says &quot:nobody knows&quot: what the price will be when the cold weather hits.


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