Maine heating oil prices continue to climb

Posted Jan. 19, 2011, at 2:56 p.m.

AUGUSTA, Maine — Maine energy officials say heating oil prices have risen an average of 8 cents a gallon in the past week.

The Governor’s Office of Energy Independence and Security said Wednesday that the statewide average price is $3.18 per gallon, according to its weekly survey.

Western Maine had the lowest average price, at $3.08 a gallon. Northern Maine as usual had the highest average price, at $3.37 a gallon.

State Energy Director John Kerry says prices are going up with rising demand from emerging economies, including China. But he says inventories remain high and that many people believe prices are close to their peak.