Up, Up and Away…Oil Prices Continue to Climb 

At a price of $2.35, the average cost of heating oil has increased by 2 cents in the past week. This is minor compared to the increase of over 18 cents in the past two weeks. Different parts of the state are experiencing different prices, from $2.08 in southwestern Maine to $2.60 in northern Maine. Additionally, the average cost of kerosene jumped up to $2.78, a 2 cent increase, while natural gas averaged $11.30 per 1000 cubit feet, which is right where heating oil stands at $1.53 per gallon.Director of the Office of Energy Independence and Security John Kerry noted that the price of crude oil is up nearly $35 a barrel since the market’s low in February.