Why is the price of home heating oil so high?

Many factors contribute to the high price of heating oil this season. Some of these factors include: the growing global demand for oil; the capacity for global crude production, which barely exceeds demand; tight refining capacities in the U.S., and geopolitical unrest in oil-producing regions. When the demand for oil nearly matches the production rate, oil prices increase. These price consequences are not unique to New Hampshire, but are felt worldwide. ... more