Oil heat is an affordable home-heating option. It is easy to be lured by natural gas conversion plans, which boast free equipment give-away, rebates, free gas line hook-ups or free oil tank removals. However, Over the past twelve years, heating oil prices nationwide have been lower than gas heat.
According to the U.S. Department of Energy, heating oil can cost nearly 30% percent less than natural gas, and because of the difference, leading consumer groups like the Consumer Energy Council of America encourage fuel oil heat users to conserve as opposed to converting to gas heat. The price differential between fuel oil heat and gas has been about the same for much of the 1990s, and there’s no evidence it will change. Unfortunately, some consumers convert before they compare. They only realize they have made a mistake when their gas bill arrives.
Key observations regarding residential gas and oil price data include the following:
[Source: Oil Heat Today]
In addition to monetary savings, consider these advantages that fuel oil heat offers:
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