The Governor’s Office of Energy Independence and Security conducted its weekly oil survey on Monday, Dec. 20, and found that the current statewide average cash price for No. 2 heating oil to be at $2.98 per gallon, a 2 cent increase from last week.

“Cold weather throughout Europe and the Northeastern United States pushed heating oil demand higher with a corresponding increase in prices,” said OEIS Director John Kerry, in a press release. “Crude oil inventories remain above average but may see declines as the U.S. economy continues to gradually gain strength and more intense winter weather hits New England. Congress included some energy efficiency tax incentives for residences and businesses in its recently passed tax package, a welcome sign for consumers facing rising heating oil costs. While the incentives are not as generous as those provided in last year’s stimulus bill, they should help in making homes and buildings more comfortable and energy bills more manageable.”

The press release said it is important to note that the price for heating oil is a statewide average and that prices in a given geographic region of the state may be considerably higher or lower than the statewide average. Within the OEIS sample, the lowest actual heating oil price of $2.80 per gallon was found in the southwest region. The highest price of $3.16 per gallon was found in the northern region.

The statewide kerosene price average is $3.33 per gallon at this time. The statewide average for propane based on a use of 925 gallons a year is $2.74 per gallon. At the time of this release the price of WTI crude oil, a major driver of refined product prices, including heating oil was $88.48.