{"id":314461,"date":"2026-10-26T11:14:06","date_gmt":"2026-10-26T11:14:06","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-pa\/314461\/"},"modified":"2026-10-26T11:14:06","modified_gmt":"2026-10-26T11:14:06","slug":"experts-doubt-trumps-release-of-reserve-fuel-will-ease-pa-oil-costs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-pa\/314461\/","title":{"rendered":"Experts doubt Trump\u2019s release of reserve fuel will ease PA oil costs"},"content":{"rendered":"<p>From Philly and the Pa. suburbs to South Jersey and Delaware, what would you like WHYY News to cover? <a href=\"#Section1\">Let us know!<\/a>\n<\/p>\n<p>The price of home heating oil in Pennsylvania passed $6 this month, meaning households will need to pay nearly double what they paid this time last year to fill their tanks ahead of cold weather.\n<\/p>\n<p>In an attempt to ease prices, the Trump administration plans to<a href=\"https:\/\/www.energy.gov\/articles\/energy-department-authorizes-exchange-northeast-home-heating-oil-reserve\" rel=\"nofollow noopener\" target=\"_blank\"> provide 315,000 barrels from the Northeast Home Heating Oil Reserve<\/a> next month. But energy analysts and experts <a href=\"https:\/\/www.nytimes.com\/2026\/10\/21\/business\/heating-oil-emergency-reserve-prices.html\" rel=\"nofollow noopener\" target=\"_blank\">say this amount is likely not enough<\/a> to push prices down in a significant or lasting way.\n<\/p>\n<p>\u201cThat\u2019s about a day\u2019s [worth of] consumption in the peak of the winter,\u201d said William O\u2019Neil, a principal analyst at S&amp;P Global Energy. \u201cThat extra supply would certainly help, but it\u2019s just a drop in the bucket.\u201d\n  <\/p>\n<p>Roughly 685,000, or 13%, of households in Pennsylvania use heating oil or kerosene to heat their homes, according to American Community Survey data. Close to 7% of households in Delaware and just over 5% of households in New Jersey use heating oil or kerosene.\n<\/p>\n<p>The skyrocketing price of home heating oil is tied to the <a href=\"https:\/\/www.reuters.com\/business\/energy\/global-diesel-prices-seen-staying-high-despite-trumps-deal-with-russia-2026-10-21\/\" rel=\"nofollow noopener\" target=\"_blank\">price of diese<\/a>l, which has risen in response to <a href=\"https:\/\/www.npr.org\/2026\/09\/26\/nx-s1-5981990\/trump-rejects-iranian-deal-strait-of-hormuz\" rel=\"nofollow noopener\" target=\"_blank\">disruptions to shipping through the Strait of Hormuz<\/a> near Iran and <a href=\"https:\/\/www.reuters.com\/graphics\/IRAN-CRISIS\/MAPS\/znpnmelervl\/#attacks-on-major-oil-gas-sites-in-the-middle-east\" rel=\"nofollow noopener\" target=\"_blank\">attacks on oil refineries in the Middle East<\/a> and <a href=\"https:\/\/www.npr.org\/2026\/10\/15\/g-s1-148194\/russia-ukraine-war\" rel=\"nofollow noopener\" target=\"_blank\">Russia<\/a>, O\u2019Neil said. The $6 per gallon price of heating oil in Pennsylvania is the highest it\u2019s been since at least 1990, according to data from the U.S. Energy Information Administration.\n<\/p>\n<p>\u201cIt\u2019s just going to be a tremendous hardship,\u201d said Jamie Van Nostrand, a fellow at the University of Pennsylvania\u2019s Kleinman Center for Energy Policy and policy director at the national nonprofit<a href=\"https:\/\/thefutureofheat.com\/\" rel=\"nofollow noopener\" target=\"_blank\"> Future of Heat Initiative. <\/a>\n        <\/p>\n","protected":false},"excerpt":{"rendered":"From Philly and the Pa. suburbs to South Jersey and Delaware, what would you like WHYY News to&hellip;\n","protected":false},"author":2,"featured_media":314462,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[17463,25874,28,30,29,723,6482],"class_list":["post-314461","post","type-post","status-publish","format-standard","has-post-thumbnail","category-pennsylvania","tag-heating","tag-oil","tag-pennsylvania","tag-pennsylvania-headlines","tag-pennsylvania-news","tag-trump-administration","tag-utilities"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/314461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/comments?post=314461"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/posts\/314461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media\/314462"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/media?parent=314461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/categories?post=314461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-pa\/wp-json\/wp\/v2\/tags?post=314461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}