The US Northeast Is Hurtling Toward a Winter Heating Crisis

The US Northeast Is Hurtling Toward a Winter Heating Crisis

(Bloomberg) — In the most densely populated corner of the US, temperatures are about to drop after a stretch of unusually warm weather. And the signs of a winter crisis are already multiplying.

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Heating oil delivered to New York is the priciest ever. Retailers in Connecticut are rationing it to prevent panic buying. New England’s stockpiles of diesel and heating oil — the same product, taxed differently — are a third of normal levels. Natural gas inventories are…


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