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On July 10, 2000, President of the United States Bill Clinton directed Energy Secretary Bill Richardson to establish a 2,000,000-US-barrel (63,000,000 US gal; 240,000,000 L) home heating oil component of the Strategic Petroleum Reserve in the Northeast.
#2 Heating oil price, 1986–2022 Kerosene inventory stock levels (United States), 1993–2022. Heating oil is known in the United States as No. 2 heating oil. In the U.S., it must conform to ASTM standard D396. Diesel and kerosene, while often confused as being similar or identical, must each conform to their respective ASTM standards. [3]
The 2008 spike in funding was needed to address the sharp increase in home heating oil. The recent decrease in allocations prior to 2008 levels may not be enough to handle the continued climbing of heating costs and its effect on many households with low incomes. Not only are fuel prices continuing to increase, program recipients are on the rise.
May 3—Heating oil prices neared another unprecedented threshold of $6 per gallon in southern Maine on Monday, despite the warmer temperatures and the ongoing release of U.S. oil reserves. Bill ...
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Post World War II Sprague added residual fuel oil products. In 1959 Sprague opened a refinery. In the 1960s Sprague sold coal operations to Westmoreland Coal Company. In 1970 the Sprague family sold the company to Royal Dutch Shell's Asiatic Petroleum Company, who sold it two years later to the Axel Johnson Group of Stockholm, Sweden.
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