LI gas, fuel oil prices dip -- for now
Quick ReadThe slight relief for local drivers and homeowners might be short-lived, depending on where crude oil prices go from here. Pressuring the fuels market is the future of electrical power in Japan and the civil unrest in Bahrain, Libya, Yemen, Syria and Algeria.
Photo credit: Newsday / Audrey C. Tiernan | Lenny Spano, of Hart Petroleum based in Deer Park, makes a home heating oil delivery in Malverne. The price of gasoline and heating fuel in Long Island has stabilized, for now. (March 15, 2011)
Heating oil fell an average of more than 2 cents a gallon on Long Island in the week that ended Monday as the weather warmed, and gasoline prices slipped a fraction of a cent Wednesday from the previous day. But crude oil futures rose on more unrest in the Middle East and then pulled back on the apparently worsening catastrophe in Japan.
The slight relief for local drivers and homeowners might...
