Pennsylvania heating oil and propane price survey, 1993--1994 heating season. Final report

Abstract

The State Heating Oil and Propane Price (SHOPP) survey for the 1993--1994 heating season was conducted by the Pennsylvania Energy Office (PEO) in conjunction with the US Department of Energy, Energy Information Administration (DOE/EIA). The objective of the program was to collect price information for residential No. 2 heating oil and propane. Prices were to be collected on the first and third Mondays of each month, starting on October 4, 1993, and extending through March 21, 1994. When the survey started on October 4, 1993, the average No. 2 charge price for residential customers was 85.0 cents per gallon. On January 31, the DOE requested that the survey be conducted on a weekly basis. An extended period of extremely cold weather had increased demand for petroleum products. The seasonal high of 94.7 cents was reached on February 14, 1994. The price average declined to 91.8 cents on March 21, at the conclusion of the survey. This was an increase of 8.0 percent for the season. The results of the October 4, 1993, price survey indicated an average unweighted price of 108.9 cents per gallon for a residential customer. The average price rose to 116.2 cents on March 21, for amore » seasonal increase of 6.7 percent.« less