Why you should buy heating oil in summer

As the summer season approaches, most people are ready to turn off the heat for a few months. Jen Burke, a financial advisor for the Maine Credit Union League, says now is a good time to start saving for the upcoming home heating bills this autumn and winter.

In May 2021, the average cost of residential heating oil in Maine was $2.55 per gallon. At $5.86 per gallon in May 2022, the price has more than doubled. Is it better to buy heating oil now vs. waiting for the winter when the demand will drive heating costs even higher. – Source