Senators From Both Parties Ask Trump to Release Emergency Heating Oil as Prices Surge
The senators said tapping the reserve would ease prices as Maine households face a 74% year-over-year increase in heating oil costs.
- On Tuesday, Senator Susan Collins and Senator Angus King urged President Donald Trump to release oil from the Northeast Home Heating Oil Reserve to protect Mainers from "very high prices that are imposing a difficult financial burden."
- Global conflicts in Iran and Ukraine have crimped fuel production, pushing diesel prices to a record over $6.50 a gallon as households brace for the winter heating season ahead.
- The Maine Department of Energy Resources reported last week that heating oil prices reached $5.77 per gallon, a 74% increase from last year; households now face costs of nearly $675 more to fill a standard tank.
- Separately, the administration denied a recent report claiming it was preparing a 90-day ban on diesel exports on Wednesday; the White House has not yet responded to the senators' request.
- Created in 2000 by President Bill Clinton, the reserve holds 1 million barrels of diesel across four sites from Maine to New Jersey but has not been tapped since 2012, when it aided Hurricane Sandy recovery.
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Senators press President Trump to release home heating oil reserves amid soaring prices - NEW YORK TIMES POST
NEWYou can now listen to Fox News articles! Maine’s two U.S. senators, Republican Sen. Susan Collins and Independent Sen. Angus King, Jr., have urged President Donald Trump to unleash home heating oil reserves in a bid to help alleviate elevated prices. “We write to request that you release home heating oil from the Northeast Home [...]
Senators press President Trump to release home heating oil reserves amid soaring prices – Democratic Accent
Maine’s two U.S. senators, Republican Sen. Susan Collins and Independent Sen. Angus King, Jr., have... The post Senators press President Trump to release home heating oil reserves amid soaring prices appeared first on Democratic Accent .
Collins, King urge feds to release heating oil supply amid price surge • Maine Morning Star
U.S. Sens. Susan Collins and Angus King of Maine are calling on the federal government to release reserve heating oil as fuel prices continue to surge while temperatures drop. In a letter to President Donald Trump Tuesday, the senators urged him to release supply from the Northeast Home Heating Oil Reserve to “protect Mainers from […]
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