During a mild winter, the price of home heating oil is expected to be

During a mild winter, the price of home heating oil is expected to be less than it would be during a normal winter.

Indicate whether the statement is true or false

ANSWER

True . During a mild winter, people do not need to operate their furnace as often as in a normal winter. The demand for home heating oil lies to the left of where it would be under normal weather conditions. As a result, the price of oil falls.