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Showing posts with the label oil vs gas

Price of Oil

Noticing a little relief at the pumps, that relief could be coming to your heating bill too. those of us that are hoping that this winter will be warmer than last year, are in for another freezing, snowy winter. This would lead most of us to believe that we're going to have huge heating bills to following, for you oil heat customers that might not be the case. Here in New England we have the highest population of home owners that heat using oil, while 50% of the nation uses Natural Gas, 5% use Oil. The rest of the country is mixed between solar, propane, electric, and other. Over the past couple of months the price of gasoline at the pumps has been going down, along with any deliveries you may have gotten heading into the season. This is partially due to the demand for oil heated home declining over the years as more homes go to Natural Gas. As this shift continues the price of oil will decline while the problems with natural gas will continue (more on that l...