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It will steadily drive up gasoline prices, home heating prices and factory electricity prices.
Jan Drummond, a Sears spokeswoman, said there were a "litany of things" that could have affected sales, including ice storms and high home heating prices.
In the short term, though, the drop in gasoline and home heating prices in recent weeks is likely to be more important, analysts said.
Home heating prices in the Northeast, the region that relies primarily on oil to heat homes, have doubled over the past year.
"High home heating prices particularly hurt senior citizens who are on a fixed income and are forced to make tough choices when the prices spike".
If the reserve were tapped starting now, the oil would not arrive in the Northeast until the crocuses start to bloom, heating needs fall and home heating prices drop on their own.
Similar(47)
As for the prices of the other energy forms, the price for heat is set as 63.5 €/MWh [31] which reflects the district heating price (without tax and other fees) for Copenhagen in 2015.
The economic assessment indicates that this innovative high temperature heat and power storage system, even taking into account conservative electricity and heat prices, is very profitable.
Mr. Trump may argue that with coal generation set to retire due to the Clean Power Plan and other climate pressures, that electricity and heat prices will rise since coal is generally the cheapest generation source.
This year, auto companies have been engaged in heated price wars, which have occurred even in the luxury car market.
Meanwhile, men's suits, the sober uniform of the Japanese salary man, are the prize in a heated price war, putting imports from China and North Korea on store racks for as little as $72.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com