Book Description

In order to enable the Energy Information Administration (EIA) of the United States Department of Energy (US DOE) to execute its role in monitoring the cost and price movements within the United States' petroleum industry and to perform analyses and projections related to energy supplies, demand, and prices, the US DOE and the New Jersey Department of Energy (NJ DOE) entered into a cooperative agreement effective between February 26, 1979 and May 30, 1979. The NJ DOE agreed to undertake a weekly program to monitor and evaluate price fluctuations of residential heating oil (No. 2) sold in the State of New Jersey. The sample was randomly selected from a list of home heating oil dealers for each county. Each of the heating oil dealers was advised by letter of the overall purpose of the survey and of the specific information which would be requested. The survey was conducted by telephone on each Monday for the period February 26, 1979 through May 30, 1979. The dealers were asked for the discounted price of home heating oil (No. 2) as of the close of business of the preceding Saturday. The discounted price was defined as the gross price less any discount for early cash payment (i.e., 2% discount for payment within 10 days). Overall state maximum, minimum, and mean prices were calculated as well as the mean for each county in New Jersey. These data were reported to the Region II EIA Data Coordinator by letter within one or two days of their compilation. The statewide maximum, minimum, and mean prices were also reported by telephone to the Washington office of the EIA. A table is presented in this report with these data.