Vermont Fuel Price Report
The Vermont Department of Public Service has published their April 2016 Fuel Price Report. Once again fuel oil topped the list as one of the most cost-effective ways of converting dollars to heat — ahead of propane, natural gas, electricity and pellets.
Compared to April of 2015, the price of heating oil dropped more than 28%. By comparison, the price of both propane and gasoline dropped about 15%.
The report also predicts an $2.04 per gallon average gasoline price through the summer months, and a $1.94 per gallon average gasoline price overall in 2016. If realized this would result in “annual average motor fuel expenditures at the lowest level in 12 years.”
The report is less definitive about oil prices. Although predictions place the average price of crude oil around $35 per barrel in 2016, experts suggest high uncertainty in the future price outlook.
For more information, the full price report can be found on the Vermont Department of Public Service’s website.