2007-01-17 05:53:31 · 8 answers · asked by Anonymous in Computers & Internet ➔ Internet
Because demand drives price. With unusually warm winters all across America, the need for heating oil has been reduced. Thus, price is driven down.
2007-01-17 05:57:21 · answer #1 · answered by John K 3 · 0⤊ 0⤋
Lower demand than usual, because the first part of the winter was warmer than normal in the Northeast (where more people use heating oil as a heat source than in other regions of the USA).
With the recent cold spell, don't be surprised if prices go right back up.
2007-01-17 05:58:26 · answer #2 · answered by Navigator 7 · 0⤊ 0⤋
this year we've had a pretty mild winter, so the demand for heating oil in certain parts of the country is lower then normal, forcing the oil companies to drop prices so that the consumers will buy it, it's the whole supply and demand issue if you know what I mean
2007-01-17 06:00:40 · answer #3 · answered by icefox_2k4 1 · 0⤊ 0⤋
Because the price of the crude market has dropped, investors don't believe people will be using as much oil this winter with the wacky weather and people trying to drive less at the pump.
2007-01-17 05:56:59 · answer #4 · answered by PrettyEskimo 4 · 0⤊ 0⤋
unseasonably warm temperatures across the country has cause supply to increase because not as much is being used and companies do not have to replenish their hooldings. so dealers have a bunch and can't sell it so the price goes down to get rid of it.
2007-01-17 05:58:06 · answer #5 · answered by therernonameleft 4 · 0⤊ 0⤋
Its been warmer this winter and what you mean is the price of the barrell has been reduced.....who is seeing this reduction in their bill?
2007-01-17 05:56:34 · answer #6 · answered by LoneStarLou 5 · 0⤊ 0⤋
Wrong category.
2007-01-17 05:57:26 · answer #7 · answered by Anonymous · 0⤊ 0⤋
because it's not cold out
2007-01-17 06:00:28 · answer #8 · answered by Jersey Style 5 · 0⤊ 0⤋