New Normal for Oil Prices - P. Gagnon & Son
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New Normal for Oil Prices

New Normal for Oil Prices

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Thanks to big increases in domestic heating oil supply, coupled with a reduction in global demand and a strong U.S. dollar, oil prices are well below the levels of a few years ago — and are expected to stay stable for the foreseeable future. The U.S. Energy Administration has described this as a “new normal” in heating oil prices.

While prices can fluctuate, you can feel confident knowing that heating oil will keep you safe and warm without breaking your piggy bank. And always remember that we offer programs designed to save you money and keep your heating costs manageable — no matter what happens with world oil prices.