Residential Heating Oil Price Monitoring Project, Minnesota Winter 1984-85. Final Report

摘要

Residential heating oil retail prices, wholesale prices, stocks and primary inventories were monitored during the heating season; more closely during the peaking demands of December 1984 through February 1985. From October 1, 1984 to March 4, 1985, retail prices decreased by 5.2% for No. 1 fuel oil and 5.4% for No. 2 fuel oil. The end of the heating season saw an increase in price of 3.4% from March for No. 1 fuel oil and 4.3% for No. 2 fuel oil. No. 1 fuel oil finished the season at 1.8% below the October price, and No. 2 fuel oil at 1.2% below the October price. No. 2 wholesale prices, after an initial increase of .6%, decreased by 14.2% from November 1, 1984 to February 25, 1985. The price rose by 10.8% through May 1, 1985 to finish the season at 3.2% below the October 1984 price. During the winter of 1984 to 1985 primary stocks of No. 1 and No. 2 fuel oil were greater than the levels recorded for the previous two winters. These supplies proved adequate to meet a demand increase for middle distillates of 2.4%, compared to the previous winter. (ERA citation 10:036958)