In the frigid Northeastern United States, homeowners prepare to tighten their belts as forecasters have predicted much lower temperatures in the region in the recent future. As the consumer of 80% of the world’s heating oil, the Northeastern United States often serves as a barometer for the raising and lowering of the price of oil across the world. The Midwestern states are dreading an approaching cold front as well, and as a large user of natural gas, are expecting to see those prices jump in reaction to forecasts as well.
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