AUGUSTA — Maine energy officials say the average cash price for No. 2 heating oil in the state is $3.64 per gallon, down 3 cents from last week’s price survey.

The Governor’s Energy Office says several factors may be driving the drop in consumer prices. Citing reports in Bloomberg News, state officials say weak economic growth in Europe, and the impending “fiscal cliff” in the United States may be decreasing demand in the short term, thereby reducing prices. Officials also point to increased domestic oil production from hydraulic fracturing, or fracking.

Maine energy officials say the average price for propane, in quantities used for heating, is unchanged from last week. Propane prices remain lower than they were at this time a year ago.

Augusta and Waterville news

Get news and events from your towns in your inbox every Friday.

  • This field is for validation purposes and should be left unchanged.