{"id":64522,"date":"2022-12-24T07:42:33","date_gmt":"2022-12-24T12:42:33","guid":{"rendered":"https:\/\/olduvai.ca\/?p=64522"},"modified":"2022-12-24T07:42:33","modified_gmt":"2022-12-24T12:42:33","slug":"the-us-northeast-is-hurtling-toward-a-winter-heating-crisis","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=64522","title":{"rendered":"The US Northeast is hurtling toward a winter heating crisis"},"content":{"rendered":"
\n
\n

The US Northeast is hurtling toward a winter heating crisis<\/a><\/h3>\n
<\/p>\n
\"Linda
Linda and her husband, Jeff Grossman, has been hit hard by the cost of home heating oil. She’ll probably end up spending $3,200 this winter for oil, about 60 percent more than last winter.<\/span>MATTHEW J. LEE\/GLOBE STAFF<\/span><\/figcaption><\/figure>\n<\/div>\n<\/div>\n<\/div>\n
\n
\n

In the most densely populated corner of the US, temperatures are about to drop after a stretch of unusually warm weather. And the signs of a winter crisis are already multiplying.<\/span><\/p>\n

Heating oil delivered to New York is the priciest ever. Retailers in Connecticut are rationing it to prevent panic buying. New England\u2019s stockpiles of diesel and heating oil \u2014 the same product, taxed differently \u2014 are a third of normal levels. Natural gas inventories are also below average.\u00a0A Massachusetts-based utility is imploring President Joe Biden<\/a>\u00a0to prepare emergency measures to prevent a gas shortage.<\/span><\/p>\n

Add some cold to the mix, and in the best-case scenario,\u00a0Northeast consumers will shoulder the highest energy bills in decades this winter<\/a>. The Biden administration, under pressure to tame prices ahead of the midterm elections, is considering ways to stash more diesel and gasoline in New England. In the worst-case scenario, a cluster of states with a combined economy bigger than Japan\u2019s will run out of fuel to keep the lights on and heat homes and businesses.<\/span><\/p>\n<\/div>\n

<\/p>\n

\u201cIt\u2019s going to be pretty bad,\u201d said Marcus McGregor, head of commodities research at Conning Inc. \u201cDiesel, heating oil and natural gas prices are through the roof. When you\u2019re on a fixed salary, how does it impact your overall budget? It has to be bad.\u201d<\/span><\/p>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"

The US Northeast is hurtling toward a winter heating crisis Linda and her husband, Jeff Grossman, has been hit hard by the cost of home heating oil. She’ll probably end up spending $3,200 this winter for oil, about 60 percent more than last winter.MATTHEW J. LEE\/GLOBE STAFF In the most densely populated corner of the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,4],"tags":[83,22632,33295,32891,33496],"class_list":["post-64522","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-environment","tag-bloomberg","tag-boston-globe","tag-chunzi-xu","tag-gerson-freitas-jr","tag-naureen-malik"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64522"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64522\/revisions"}],"predecessor-version":[{"id":64523,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/64522\/revisions\/64523"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}