A great deal has been happening regarding legislation that affects the heating oil business. The Massachusetts state law that required oil lines to be upgraded if they did not meet current code by July 1, 2010 has been extended for another year. We have been making every effort to inform our customers if they do not comply and we are able to provide certification for your insurance company if you do comply. The insurance component of the law- requiring homeowners insurance companies to offer pollution coverage in case of a spill or leak is still in effect.
The Biofuel mandate in the state of Massachusetts that required all fuel delivered to contain a biofuel blend has been postposed indefinitely. Questions remained on the ability of the industry to meet the mandate and maintain the needed quality controls. Also in play was the US Congress has not extended the Biofuel blenders tax credit that expired in February. The one dollar per gallon tax credit given to biofuel producers was a huge incentive that is now gone.
Located in Peabody, MA since 1924, Holden Oil is a provider of quality fuel and service. We supply propane gas, heating oil, diesel fuel, biofuel, equipment, and also serve as a gas station.
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