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The Northeast Home Heating Oil Reserve and the National Oilheat Research Alliance


During the winter of 1999-2000, the price of home heating oil virtually doubled in some\r Northeastern states while storage levels of middle distillate stocks-the range of home heating oil\r and diesel fuels-sharply declined. The situation attracted lawmakers\' attention and concern. Of\r the U.S. households that use heating oil to heat their homes, 69% reside in the Northeast. The\r Northeastern states continue to rely on heating oil as a source of home heating, but at a reduced\r level of dependency compared to 2000. The Northeast demand for home heating oil has declined\r by 47% since 2000, from nearly 7 billion gallons to 3.6 billion gallons in 2011. However, the\r price of heating oil has increased more than 2½ times from roughly $1.50 per gallon beginning in\r 2000 to just over $4.00 gallon in early 2013. The price increase reflects the trend in the price of\r crude oil.


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The Northeast Home Heating Oil Reserve and the National Oilheat Research Alliance  [Order No: R43235  Release Date: Sep 19,2013  Pages: 20]