Monday, 8 February 2010
Oil change companies making headlines this week:
• A Jiffy Lube manager is killed by a drunk driver. (Our sincerest condolences to his family. Seriously, people, don’t drink and drive!)
• Toyota may use some of its Express Lube bays to repair recalled models.
• New Jersey carwash/Valvoline Instant Oil Change donates proceeds to Haiti disaster relief.
• A Florida shop owner is scammed by a paving company.
• Plans are underway to demolish a Michigan shop to make room for a Rite Aid.
• Shop owner wins award from Midas.
• Interview with a Colorado restaurateur/fast lube owner.
• More on former major leaguer and lube owner Lenny Dykstra’s financial problems.
Source: Lube News Blog Read Full Article >>
Monday, 8 February 2010
Home buyers keen on energy conservation will soon get a little extra help from the federal government, the New York Times reported on Wednesday.The government-backed mortgage firm Fannie Mae announced that, beginning this summer, it would include incentives for homebuyers who use part of their loans to make energy-efficiency upgrades. Currently, home loan perks [...]
Source: HeatingOil.com » Blog Read Full Article >>
Monday, 8 February 2010
Sen. Olympia Snowe (R-ME) released a statement Wednesday that criticized the Obama administration for proposing a $1.8 billion cut in funds for the Low-Income Home Energy Assistance Program (LIHEAP) and for slashing Maine’s allotment of this year’s LIHEAP money by nearly 80 percent. Other members of Maine’s congressional delegation, including Sen. Susan Collins (R), Rep. [...]
Source: HeatingOil.com » Blog Read Full Article >>
Monday, 8 February 2010
After a weekend storm dumped up to 40 inches of snow in some places in the mid-Atlantic region, forecasts predict below-average temperatures all along the East Coast for six to ten days. Cold weather will increase demand for heating oil, and oil prices on NYMEX have already begun to climb. A weak dollar and threats [...]
Source: HeatingOil.com » Blog Read Full Article >>
Monday, 8 February 2010
As reported by Reuters, a natural gas powered-electrical plant near Middletown, CT exploded yesterday, killing five people and injuring a dozen others. It was initially believed that some 50 construction workers were trapped in the building’s rubble, but those reports appear to be inaccurate, as the Hartford Courant has reported that all of them [...]
Source: HeatingOil.com » Blog Read Full Article >>
Monday, 8 February 2010
The Mid-Atlantic Coast region is still digging itself out from the major snowstorm (the “snowpocalypse” to some and “snowmaggeddon” to others) that settled over the region over the weekend. While the storm reached Southern New Jersey and Philadelphia in full force, it did not reach as far north as Boston, and gave New York [...]
Source: HeatingOil.com » Blog Read Full Article >>
Monday, 8 February 2010
KEY: Cumulative Heating Degree Days since December 1, 2009 for specified location / departure from average cumulative HDDs for today’s date.
Source: HeatingOil.com » Blog Read Full Article >>
Monday, 8 February 2010
Worries about the pace of US economic recovery caused crude and heating oil prices to decline on Friday. Even a drop in the unemployment rate did not convince investors that the economy was poised for growth that would generate increased industrial and transportation activity (both of which require lots of oil) that would bring down [...]
Source: HeatingOil.com » Blog Read Full Article >>
Monday, 8 February 2010
Last week crude oil prices fluctuated widely, falling to a seven-week low after a pronounced upswing in prices at the beginning of the week. Nevertheless, OPEC president Germanico Pinto said the group expects “reasonable price stability” and predicted that the price of crude oil would stay between $70 and $80 a barrel.Such stability would be [...]
Source: HeatingOil.com » Blog Read Full Article >>
Monday, 8 February 2010
Last week saw some huge swings in crude and heating oil prices on the commodities markets, largely brought on by a blitz of economic data at the beginning of the month (some good, some bad). After rising at a breakneck pace on Tuesday and Wednesday, prices returned to earth with two consecutive declines on [...]
Source: HeatingOil.com » Blog Read Full Article >>
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