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U.S. Department of Energy
Office of Scientific and Technical Information

State Heating Oil Grants Program. Final report, September 1, 1982-May 31, 1983

Technical Report ·
OSTI ID:5631276

The price of number two fuel oil have ranged widely through this eight month period. The price rose from October to November, 1982 but then began a long slide which bottomed out in April 1983. The average wholesale price fell by more than 24% from a high of 105.63 cents per gallon to a low of 103 cents, a decline of more than 17%. The margin between the wholesale and the retail price climbed from 18 cents in October to a high of 26.71 cents per gallon in February before falling to the periods lowest point of 17.9 cents in May. There was a sharp increase in the wholesale price in April (8.5 cents or more than 10%) and a smaller increase in the retail price during that same month (3.8 cents or 3.6%). Stocks fell sharply from January through May with an increase shown only in April. With only a limited sample to work from it is difficult to access the accuracy of the figures but the average stock levels were 53763 gallons in January, dropped to 32704 in March before rebounding to 41717 in April. The slide continued to May when the average stock had fallen to 27180 gallons per dealer. Reliable figures are available from only 21 dealers.

Research Organization:
New Hampshire Governor's Council on Energy, Concord (USA)
DOE Contract Number:
FG01-82EI19624
OSTI ID:
5631276
Report Number(s):
DOE/EI/19624-T1; ON: DE84001087
Country of Publication:
United States
Language:
English