MA Oil Wholesalers Allowed to Stockpile

BOSTON, MA — Massachusetts officials, seeking to avoid a heating oil crisis, are considering offering oil wholesalers a price guarantee to encourage them to build up heating fuel stockpiles, according to the Boston Globe. However, due to the recent fluctuation of fuel prices, wholesalers are hesitant to stockpile for fear they will lose money. Under the state’s plan, heating oil prices will not be lowered for consumers since wholesalers usually charge their customers the going rate at the time of the sale, not the price they paid for the oil, said the Boston Globe. The state’s plan would use some of its budget surplus to make up for any drop in prices if wholesalers buy specified amounts of heating oil soon and store them. In addition, while the plan is still in its formative stages, officials in Governor Paul Cellucci’s administration say they are optimistic that it will be implemented.

Publication date: 10/02/2000

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

Recent Articles by Paula Liegl

You must login or register in order to post a comment.



Image Galleries

2015 ACCA Conference

Images from the 2015 ACCA Conference in Grapevine, Texas. Posted on April 8, 2015.


NEWSMakers: Clint Schreck

Clint Schreck, general manager, Columbus Worthington Air, Columbus, Ohio, discusses winning Angie’s List Super Service Award, how to handle online reviews, and much more.

More Podcasts


NEWS 05-25-15 cover

2015 May 25

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Legislation and Regulation

What legislative/regulatory issue is most important to you as a HVAC business owner?
View Results Poll Archive


2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con