Heating oil firm shuts, leaves customers in cold

摘要

Hundreds of customers were scrambling for heating oil last week after a Pennsylvania marketer suddenly shut down.rnA&B Plumbing and Heating, based in Goldsboro, Pa., secured a large chunk of its local fuel oil market last summer by offering deep discounts to customers. However, the company had no hedging mechanism in place to protect its short position, and ended up buying high and selling low, sources say.