It’s July, and we have a mini-heatwave, yet the talk is of next winter. Take a look at these numbers for home heating oil here in Massachusetts.
Average Price For July 8
- 2008: 4.71
- 2007: 2.54
- 2006: 2.58
- 2005: 1.98
- 2004: 1.54
- 2003: 1.31
- 2002: 1.16
- 2001: 1.31
Somebody should let Phil Gramm, former senator and now economic advisor to John McCain, know that there’s nothing psychological about the cost of energy. There are many people in the northeast who simply will not be able to pay their heating bills, and they need to do their whining now, before they freeze in their own homes. And today the price of a barrel of crude oil has set yet another record.
