44 • OIL
&
ENERGY
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Advertiser Index
American Business Forms .........................................................P. 43
• 800-519-3691
Advanced Fuel Solutions...........................................................P. 42
• 978-258-8360
Angus Energy.................................................................................P. 21
angusenergy.com • 954-564-7500
Avatas ...............................................................................................P. 42
/ • 866-849-8800
Bergquist Inc. .................................................................................P. 19
• 800.537.7518
Braley-Wellington Insurance....................................................P. 23
• 508-754-7255
Connecticut Energy Marketers Association........................P. 41
• 1-866-521-427
DRM Inc. ..........................................................................................P. 42
• 800-255-5242
Energy Edge...................................................................................P. 42
EnergyEngineUS.com • 570-213-7492
Energy Kinetics................................................................................ P. 5
• 800-323-2066
Global Companies LLC ...............................................................P. 48
• 800-685-7222
GPS North America .....................................................................P. 42
GPSNorthAmerica.com • 888-760-4477
Gray, Gray & Gray..........................................................................P. 25
• 781-407-0300
Hiltz Propane Systems................................................................P. 43
• 315-436-0883
Honeywell ......................................................................................... P. 9
Forwardthinking.honeywell.com • 763-954-4375
Independent Technologies Inc. ................................................ P. 7
• 402-496-4700
Lectro Truck....................................................................................P. 42
• 920-564-2322
Lock America..................................................................................P. 43
• 800-422-2866
Maine Energy Marketers Association....................................P. 41
1-866-521-ICPA [4272] • 207-729-5298
Massachusetts Oilheat Council ...............................................P. 41
• 781-365-0844
New England Fuel Institute.............................................P. 2, 3, 35
• 617-924-1000
Oilheat Institute of Rhode Island............................................P. 41
• 401-921-2105
Oil Heat Council of New Hampshire......................................P. 41
• 603-895-3808
PriMedia...........................................................................................P. 47
• 800-796-3342
REG ....................................................................................................P. 11
• 515-239-8000
Taurus.............................................................................................. P. 43
taurus-plus.com • 207-667-3167
Thermo Pride.................................................................................P. 32
• 574-896-2133
Vermont Fuel Dealers Association .........................................P. 41
• 802-223-7750
Wehof Forms..................................................................................P. 43
• 800-221-1209
Successful sales professional to sell products/
services and build relationships. Intelligent,
assertive go-getter with strong networking
skills. Boston-based with travel throughout
New England. Please email cover letter
and resume to:
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BUSINESS DEVELOPMENT SPECIALIST
CLASSIFIED RATES: BIG RESPONSE — LITTLE $
BULK PLANT EQUIPMENT –
SERVICE & METER CALIBRATION
GAS & DIESEL STORAGE TANKS,
PUMPS & HARDWARE EQUIP.
IN STOCK & SERVICED. FUEL MASTER
FUEL CONTROL SYSTEMS. USEDTANK
TRUCK BROKERAGE - 24/7 –
Used 600 Gal. S.W. F. Glass Above Ground
Oil/Water Separator- Excel. Cond.
Used Velcon 300 Gpm, 3” Diesel Filter/
Separator.
Used 3” X 2” 150 Gpm G. Rupp Self Prime
Pump W/3Hp, 3 Ph Motor.
Northeastern Petroleum
Service & Supply Co.
37 Brookley Rd., Jamaica Plain, Ma. 02130,
617-522-8390 24Hr. 617-696-1979,
Jerry Mello, President
EIA PROJECTS LOWER HEATING OIL PRICES
In its August 2013 Short Term Energy
Outlook, the U.S. Energy Information
Administration (EIA) predicts lower heating
oil prices in the year ahead. The report proj-
ects a variety of U.S. energy prices through
2014, including crude oil, natural gas and
refined products.
According to the report, the average retail
price of heating oil for the fourth quarter
of 2013 will be $3.64. The forecast calls for
prices in the four quarters of 2014 to be,
respectively, $3.63, $3.54, $3.52 and $3.57.
Over the same five quarters, residential
natural gas prices are expected to be (per
1,000 cubic feet) $11.38, $10.70, $12.80,
$17.01 and $12.15. That translates to the
following equivalent heating oil prices
(BTU for BTU), respectively: $1.52, $1.45,
$1.74, $2.31 and $1.65.
The
Short Term Energy Outlook
also
forecasts the following average spot prices
for 2014: WTI crude: $92.96; Brunt crude:
$99.75; and imported crude average: $97.99.
Other highlights of the report are as
follows.
• Crude oil prices increased during the
first three weeks of July 2013 as world
oil markets tightened in the face of
seasonal increases in world consump-
tion, unexpected supply disruptions,
and heightened uncertainty over the
security of supply with the renewed
unrest in Egypt. EIA expects that
the Brent crude oil spot price, which
averaged $108 per barrel over the first
half of 2013, will average $104 per
barrel over the second half of 2013,
and $100 per barrel in 2014.
• The discount of West Texas Intermediate
(WTI) crude oil to Brent crude oil,
which averaged $18 per barrel in 2012
and increased to a monthly average of
$21 per barrel in February 2013, closed
below $1.50 per barrel on July 19,
2013, and averaged $3 per barrel for the
month. EIA expects the WTI discount
to widen to $6 per barrel by the end of
2013 as crude oil production in Alberta,
Canada, recovers following the heavy
June flooding and as mid-continent
production continues to grow.
• Rising crude oil prices and seasonal
demand increases contributed to U.S.
regular gasoline retail prices increasing
from an average of $3.50 per gallon
on July 1, 2013, to $3.63 per gallon
on August 5. EIA expects the regular
gasoline retail price to average $3.59
per gallon in the third quarter of 2013,
and the annual average price to decline
from an average of $3.63 per gallon in
2012 to $3.52 per gallon in 2013 and to
$3.37 per gallon in 2014.
• U.S. crude oil production increased to
an average of 7.5 million barrels per
day (bbl/d) in July 2013, the highest
monthly level of production since
1991. EIA forecasts U.S. total crude oil
production will average 7.4 million bbl/d
in 2013 and 8.2 million bbl/d in 2014.
• Natural gas working inventories ended
July 2013 at an estimated 2.88 trillion
cubic feet (Tcf), about 0.37 Tcf below the
level at the same time a year ago and 0.04
