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Heating Oil Prices Soar Amid Middle East Conflict

3/12/2026

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Summary

Story summary

Heating oil prices have surged, with reports of doubling costs amid the Middle East conflict.
Competition and Markets Authority (CMA) in the United Kingdom reviews complaints of suppliers canceling orders and reoffering fuel at inflated prices.
U.K. Chancellor of the Exchequer Rachel Reeves condemned price gouging as unacceptable.
Massachusetts has increased heating assistance benefits for low-income households to counter rising costs.

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Story summary

Heating oil prices have surged, with reports of doubling costs amid the Middle East conflict.
Competition and Markets Authority (CMA) in the United Kingdom reviews complaints of suppliers canceling orders and reoffering fuel at inflated prices.
U.K. Chancellor of the Exchequer Rachel Reeves condemned price gouging as unacceptable.
Massachusetts has increased heating assistance benefits for low-income households to counter rising costs.