The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins and other customer brand names for the heavy- and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets.
The average household used about 600 gallons of heating oil last winter. At that time, the average price of heating oil was $3.88 per gallon, which amounts to $2,354 per year, he said. If the price stays at $3.15, the average household could save about $464. Heating oil is used much more sparingly in Maryland than New England, which accounts for roughly 75 percent of the country's usage, Felmy said. Most households in the state use natural gas because it's much cheaper, he said.
Residential propane prices have seen a more modest decrease of 3.7 percent to just over $2.95 per gallon, according to the EIA website. Gasoline prices in the Baltimore metro area have dropped to under $2.40 per gallon. That's down from $3.46 this time last year, according to the AAA fuel price report.n the past month, residential heating oil costs in the state have dropped 8.9 percent to just over $3.15 per gallon, excluding taxes. Prices haven't been this low since fall 2010, according to the federal Energy Information Administration website.