Connecticut Energy Expert Doubts Energy Dept. On Rising Oil Prices
HARTFORD, CT (WCBS 880) - Weather forecasts predict a relatively mild winter.
WCBS 880 Connecticut Bureau Chief Fran Schneidau On The Story
Despite that, the prediction from the Department of Energy is that the price of crude oil will move up, translating into higher home heating costs.
But Eugene Guilford of the Independent Connecticut Petroleum Association doesn’t buy it.
Guilford is the former Chief of Staff of General Counsel for the Department of Energy.
“I have an enormous respect for the people who work at DOE, yet I have never met a bureaucrat or another human being in my entire life, who, with any degree of accuracy, could tell you what’s going to happen over the next six months,” he told WCBS 880 Connecticut Bureau Chief Fran Schneidau. “In the history of their release at this time every year, they’ve never been been right. Never.”
Guilford does suggest that consumers looking for stability lock in, or cap, their prices now.
Are you planning ahead for your winter heating costs? Share your plan in the comments section below.