Welcome to Gaia! :: View User's Journal | Gaia Journals

On October 6, the Federal Energy Information Administration (EIA) projected that heating your home with oil will cost 25 percent less than last year and heating your home with natural gas will cost 10 percent less due to a nice combination of lower prices and a forecast for warmer weather. Since Nova Scotia doesn't have a refinery, ever since the Imperial Oil facility in Dartmouth closed a couple of years ago, the province is subject to prices fluctuating based on supply. Since you will be saving money on oil costs, it may give you the leeway to help ensure that those prices stay down in the long run. Six months ago, a survey of Halifax heating oil prices ranged between 89.9 cents a litre and $1.109 a litre at the higher end. This will normally only affect prices at a local level and only in the short term.

http://www.youtube.com/watch?v=GwTIy_XA6sQ

Read these words and commit them to memory: Each and every year you - the homeowner - need to spend an hour or two calling at least a half dozen local oil companies; a dozen would be best. Reliability of supply is another major factor in the cost of oil vs. natural gas cost. Remember... with a few hours of your time, you the homeowner and consumer can have the satisfaction of knowing you're paying the best possible price for your heating oil. Replacing worn parts and getting an affordable price on maintenance plans will reduce your heating costs dramatically. Some New Jersey heating oil consumers historically have been able to Heating Oil for Your Home lock Heating Oil for Your Home in” a per-gallon price before the season begins.

It says the biggest savings should be for those using propane or heating oil, with homes that use propane spending $322 less and those with heating oil spending $459 less than last winter. It's a great place to find energy-saving tips and useful money-saving information, including blog posts on energy prices and trends as well as links to our newsletter.

Participating oil dealers benefit by receiving a high volume of guaranteed, repeat business and then in turn are able to significantly reduce their profit margins from those charged to the general public. Petroleum prices are falling because of record US oil production and weakening global demand, the result of slowing economic growth in other countries, particularly China. Prices also are impacted by higher costs of transporting the product to remote locations.

Because airports were shut, and demand for energies to power the planes fell, distillers decided to distil less jet fuel, and switch to heating oil instead. Because crude oil is a major price component of heating oil, changes in the price of crude oil will generally affect the price of heating oil. Because it's been so cold this winter, heating oil supplies are very low and as a result, prices are very high.