Skip to main content
  1. News
  2. Business & Finance
  3. Industry

Demand for heating oil leads to historic high prices

See also

In the Lehigh Valley, consisting of both Lehigh and Northampton counties, 78,536 homes are heated by natural gas, 77,688 are heated by oil, while 74,405 homes use electricity. Oil is still a main heating source in the Valley, although it is down from ten years ago, when over 84,000 homes were heated by oil and only 60,000 used gas..

Due to the extreme snowy conditions and cold weather temperature this winter, heating oil prices have reached an all time high. Before January, winter prices for home heating oil was at $3.50 per gallon, and were not expected to rise in the Lehigh Valley.

However, the January snow and lingering cold temperature has caused an increase in demand for all types of home heating; natural gas, propane, oil, and electricity. The dwindling supply of home heating oil has caused prices to rise to as much as $4 per gallon-- an all time high for the Lehigh Valley.

If cold weather and snow persists through the remainder of the month and into March, we could see prices increase even higher for not only heating oil, but all types of heating sources.

Advertisement

News

  • Pro-Russians killed
    Putin issues a warning after 3 armed protestors were shot dead in Ukraine
    Video
    Watch Video
  • Korean ferry capsizes
    Only one of 46 life boats were used in the South Korean ferry sinking
    World News
  • Oscar Pistorius trial
    Oscar Pistorius reads a Valentines Day card from his deceased girlfriend without tears
    Crime News
  • Google patent
    Google applies for patent for what could be the successor to Google Glass
    Tech News
  • 420 in Colorado
    Colorado will celebrate 420 for the first time since marijuana became legal
    Headlines
  • Racist Kansas murderer
    Why isn't the Jewish Community Center shooter being labeled as a terrorist?
    Video
    Watch Video

Related Videos:

  • AV Expo in the Lehigh Valley
    <div class="video-info" data-id="518009937" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=518009937&autoStart=true"></div>
  • Most expensive house in America sold in Connecticut
    <div class="video-info" data-id="517786551" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=517786551&autoStart=true"></div>
  • New job training programs highlighted by President at a PA community college
    <div class="video-info" data-id="518105950" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=518105950&autoStart=true"></div>

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about Examiner.com and apply today!