BOSTON – As winter approaches, Massachusetts consumers who heat their homes with oil are paying less for warmth than they did last year.
The average price of home heating oil in the state dropped to $3.39 a gallon this week, down from $3.77 a gallon a year ago, thanks to a drop in crude oil prices, according to state data and heating oil experts.
The result is some financial relief for households that strained to pay heating oil bills during the severe winter of 2013-14.
“Every dollar we don’t have to spend on energy like home heating oil or gas is a dollar we get to keep in our pockets,” said Michael D. Goodman, director of the public policy center at the University of Massachusetts at Dartmouth. “It’s generally a help to the bottom line of our families.”
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