28 November 2010

Heating Oil's Days Numbered?

Natural gas is almost 50% more expensive per therm in the Northeastern United States than it is in the rest of the country, and fuel costs matter in these states, which have cold winters, so it isn't surprising that 82% of the heating oil consumed in the United States is used there.

But, if you compare natural gas heating and heating oil, strictly based on fuel costs, it has been cheaper to heat with natural gas than with heating oil in the Northeast every year from 2005 to 2010 in the Northeast.

If the trend persists, homeowners will convert from heating oil to natural gas, and one of the main non-transportation sector sources of oil demand will greatly decline. One notable consequence of this shift would be to decouple heating costs for average Northeasterners from the global oil markets, which they currently track closely, in turn, linking the entire national economy more strongly to world oil markets. It should also reduce air pollution, and dent the trade deficit, about half of which is attributable to oil imports, with relatively little economic pain.


Anonymous said...

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Heating oil is known in the United States as No. 2 heating oil. In the U.S., it must conform to ASTM standard D396. Diesel and kerosene, while often confused as being similar or identical, must conform to their own respective ASTM standards. Heating oil is widely used in parts of the United States and Canada where natural gas is not available and propane is priced higher. Where other fuels are not available, it is sometimes referred to as the unit cost per unit (BTU=British thermal unit or BTUH / h per hour), and can be less than other fuels.
At Macarthur Oil we are proud to provide our customers with the best heating oil service on the North Shore. When you choose us, you’re investing in quality, courteous, and experienced service. During our cold, harsh winters, you want to know that you can rely on a company that will be there for you. If there is one word to describe us, it is dependable. We are a full service oil burner service company, meaning we sell and install everything to heat your home. With that experience, we are able to provide knowledgeable and reliable service in any situation that may arise. We fully back our products and it is our promise to put nothing but the best in your home – whether it is the oil burner we install or the heating oil itself.

Heating oil Revere

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