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An in-ground pool, a big in-ground pool, is about 25,000 gallons of water, Spratt said, So that s almost two swimming pools of heating oil that we don t use anymore. At the three-year average fuel cost, the savings since 2006 are about $113,015; at today s prices, three more years of energy efficiency would yield $211,465 in savings. (Bolton Common, MA)
When to Repair or Replace a Broken Heating System Nov 13, 2008
While the cost of home heating oil and natural gas is on the rise, an older, less efficient heating system may also be the culprit when it comes to high energy bills. By replacing an older furnace that is 60 percent efficient with one that is 95 percent efficient, homeowners can save approximately 57 percent on energy bills and up to 5,513 over a five-year period. (Canton Daily Ledger, IL)
Government lowers forecast for gas, heating costs this winter Nov 13, 2008
Heating oil customers will benefit most. Their costs will fall 13. (USA Today -- Money)
Crude prices plunge on cut in '09 forecast Nov 12, 2008
"The only news I foresee that can move prices higher is a cold spell, which would boost heating oil demand, and that would have only limited impact.". The IEA has cut its 2008 forecast about 1. (Boston Globe)
Fairbanks Natural Gas pricing described as fair Nov 12, 2008
Heating oil dominates the Fairbanks-area market ... State regulators exempted the company in 2003 to help it compete against unregulated heating oil companies ... IS HEATING OIL CHEAPER. (Anchorage Daily News)
Oil hovers near US$59 on global growth pessimism(updated) Nov 12, 2008
In other Nymex trading, heating oil futures rose 0 ... In other Nymex trading, heating oil futures fell 7. (The Star Online, Malaysia)
Gold, other commodities drop on weakening demand Nov 12, 2008
Heating oil futures fell 7. 66 cents to $1. (The Star Online, Malaysia)
Could gas prices go lower? Nov 12, 2008
If the winter starts out harsh, and people up in snow country need more heat, you can bet the fuel prices will go up with the demand for heating oil. Anyone who thinks the steady decline in gas prices during the run up to the 2004 AND 2008 elections was anything other than natural market forces is truly ignorant of macroeconomics. (Atlanta Journal-Constitution)
ANALYSIS - Cheaper Oil Won't Scuttle Obama's Efficiency Plan Nov 12, 2008
"(While it's no longer) almost $5 per gallon for heating oil, it's back down to between $2 or $3 a gallon, which is still a lot of money.". (Reporting by Rebekah Kebede; Editing by Marguerita Choy). (Planet Ark, United States)
Due to EconomyTown Changes Road Work Plan Nov 12, 2008
Mrs. Drayton-Rogers said she and her advisers have talked with the Board of Library Directors to see if hours can be revised during the winter to conserve heating oil. "Now is the time to take action rather than at the last minute," she said. (Voices, CT)
Help available for skyrocketing home heating prices Nov 11, 2008
Heating oil prices are expected to increase an average of 23 percent nationwide this winter, the DOE has projected ... Heating oil 2,388 per household, 23% increase. (Forest City Summit, IO)
Colonial seeks Cobb pipeline approval Nov 11, 2008
4 million barrels a day of petroleum products, including gasoline, diesel, jet fuel and home heating oil. The proposed pipeline would expand capacity by about one-third, to 3. (Atlanta Journal-Constitution -- Business)
Oil nears $63 on higher stock markets Nov 11, 2008
In other Nymex trading, heating oil futures rose 3 cents to $2. 01 a gallon, while gasoline prices gained less than a penny to $1. (AZCentral -- Business)
Drivers find relief at the gas pumps Nov 11, 2008
"We are seeing lower oil prices not because of any technological breakthrough or sensible public policy, but simply because the economy is hurting, and that hurt manifests itself into lower demand for gasoline, diesel, jet fuel, and heating oil," Kloza wrote in an e-mail to The Times. Brian Zavacky, who filled up at another Florence Route 130 gas station that broke the $2 barrier, said he still drove to work, but found other ways to save. (NJ.com -- Times)
Post a comment » Nov 11, 2008
Jeff wrote on Mar 16, 2006 9:12 AM:" Buy Citgo gas. Partially owned by the government of Venezuela. A substantial percentage of their profits have been donated to a program that defrays heating oil costs in this country. ". Bryan wrote on Mar 15, 2006 9:17 AM:" It is shocking sometimes how the information world and the economic world have merged in today's society to create instant market fluctuations. I remember it used to be with the price per barrel of oil would go up, it took 3-4 months... (Canton Daily Ledger, IL)
Gold falls as stocks drop Nov 11, 2008
Supplies of distillate fuel, a category that includes heating oil and diesel, rose 1. 1 million barrels from 127. (Sydney Morning Herald -- Business)
Grains, metals rally on China's stimulus plan Nov 11, 2008
"This report wasn't specifically very surprising,'' said Elaine Kub, an analyst with DTN in Omaha, Neb., adding that the changes in the report from previous USDA estimates were very minor. Instead, investors focused on China's plans to boost its economy through a mix of spending, subsidies, looser credit policies and tax cuts. The announcement sparked rallies on Asian and European stock markets, but U.S. stocks were unable to hold on to their early gains in response to China's announcement.... (The Star Online, Malaysia -- Business)
Oil jumps to near $64 a barrel Nov 10, 2008
In other Nymex trading, heating oil futures rose 6. 37 cents to $2. (India Times)
Might be a busy first 100 days... Nov 10, 2008
If you look at the impact higher gasoline, electricity, food, heating oil, natural gas, etc. have had on typical families, it ate up what little cushion families on the edge had. (Atlanta Journal-Constitution -- Opinion)
Winterizing home can cut costs Nov 10, 2008 As hole grows, homeowner's heart sinks Nov 9, 2008 Cause of power hikes disputed Nov 9, 2008 Maine lawmakers get a tax-cutting message from the voters Nov 8, 2008 Guess who's not coming to dinner? Nov 8, 2008 Animal Invaders Can Increase Home Heating Costs Nov 8, 2008 Northeast heating oil dealers seek financial aid Nov 7, 2008 Council warning over oil prices Nov 7, 2008 GAS DIPS BELOW $2 A GALLON, EXPERTS WARN NOT TO GET COMFORTABLE Nov 7, 2008 Energy groups want funds to help oil dealers, customers Nov 7, 2008 Oil prices near $60 on recession fears Nov 7, 2008 Township middle chool goes for Obama Nov 6, 2008 First Marblehead cuts 24% of workforce to pare costs Nov 6, 2008 Help available for skyrocketing home heating prices Nov 6, 2008 Cash For Conservation Nov 6, 2008 O'Neil Off deadline: Children in the White House Nov 6, 2008 Oil slides below $66 as demand ebbs Nov 6, 2008 Tranquil response at Catskill town budget hearing Nov 6, 2008 Oil Jumps as Dollar Declines Nov 5, 2008 Our View: Gouging goes out window Nov 5, 2008 Oil slides below $69 on weaker demand worries Nov 5, 2008 Calaveras taxpayers group says no to Measure K Nov 5, 2008 Weak demand fails to stop oil rising above $70 Nov 5, 2008 Obama's promises, vision to collide with reality Nov 5, 2008 Wall Street Keeps Cool Nov 4, 2008 Oil slips, despite firming stock markets Nov 4, 2008 Post a comment » Nov 4, 2008 Kisses & disses: Candy bowl stolen from officer's house Nov 4, 2008 Opinion: The energy imperative Nov 4, 2008 Precious metals prices rise on bargain buying Nov 4, 2008 Challenger Berkowitz says it's time for new direction Nov 3, 2008 Business Watch: Oil's not well for consumers Nov 3, 2008 Oil falls on demand concerns Nov 3, 2008 Caught in the crunch: The other heating fuel Nov 2, 2008 Oil price up late as traders get caught in squeeze Nov 1, 2008 Oil Pares Losses, Closes Higher Nov 1, 2008 AEL&P shuts off its interruptible electric customers Nov 1, 2008 Oil falls below $65 on US contraction Nov 1, 2008 Think About it-Responsible government Nov 1, 2008 Commodities tumble on strengthening dollar Nov 1, 2008 Oil falls below US$65 Friday in Asia Oct 31, 2008 Oil falls below $64 a barrel Oct 31, 2008 Oil drops on weak GDP report Oct 31, 2008 Investors fled commodities on recession concerns Oct 31, 2008 Old habits return fast Oct 30, 2008 Oil, Gold Surge as Stocks Rally Oct 30, 2008 Senior notes Oct 30, 2008 Oil rises above US$69 on weak US$ Oct 30, 2008 Crude Oil Rises Above $70 on Optimism Interest-Rate Cuts to Spur Economies Oct 30, 2008 Dollar loses ground and pumps up oil prices Oct 30, 2008 Crude oil sinks as confidence weakens Oct 29, 2008 SpeakOut (Oct. 30) Oct 29, 2008 Soybean Prices Drop Despite Lower Crop Estimate Oct 29, 2008 With winter on the way, economic woes threaten state's poor, middle class Oct 29, 2008 Oil rises above $64 on world stock market rebound Oct 29, 2008 Re-energizing For Winter Oct 29, 2008 World Is `Drowning in Oil' (Again) After Drought Oct 29, 2008 Oil bounces off 17-month low Oct 29, 2008 Oil Falls to Near 17-Month Low on Concerns Fuel Use May Drop Oct 28, 2008 Oil Hits 17-Month Low on Demand Concerns Oct 28, 2008 Energy emergency Oct 28, 2008 Second-guessing McCain's choice of Palin Oct 28, 2008 Search For Alternative Heating Sources Oct 28, 2008 Gasoline at Cheapest Price Since March 2007 Oct 28, 2008 Corn, Soybean Prices Jump on Early Stock Rally Oct 28, 2008
According to the Energy Information Administration, home heating costs this winter are expected to rise by 23 percent for homeowners who rely on heating oil, 18 percent for homes relying on natural gas and 10 percent to 11 percent for homes heated by propane or electricity. Luckily, homeowners can fend off some of the rising energy costs by winterizing their home before the harshest weather takes hold. (The Augusta Chronicle)
What It Will Cost To Heat Your Home Nov 10, 2008
Only 2% of residents use more expensive heating oil, compared with 36% of Bostonians ... All rely heavily on natural gas and heating oil, which are up 7% and 38%, respectively, this year, according to the U.S. Department of Energy ... Behind the Numbers The department supplied, for this story, 12-month projections for the local costs of heating oil, electricity, propane and natural gas, the four most popular heat sources in America. (Forbes)
From Jim Slack of Lexington: I think that the oil "splat" is more likely to be grease from the oven than heating oil. Over 20 years, a lot can accumulate. (Boston Globe)
Electricity, after all, isnt something you can go to the store and purchase by the barrel, like heating oil. The power plant cant put a tag on Bobs electricity or Georges juice. (Carlisle Sentinel, PA)
"People are struggling to make ends meet. Prices of all sorts of things have gone up. You see it when you go to the grocery store, pay your heating oil bill or put gas in your car.". Perry said the beverage tax was repealed because "we're not having an honest, realistic discussion about the taxing and spending needs.". (Boston Globe)
Rebecca is a freshman studying to be a physician's assistant at Daemen College in Amherst, N.Y. McMahon, a homemaker, said this year's heating oil bill ruled out the $400 round-trip airfare from New York. "We had the tank filled a month ago for $3.46 a gallon and we bought 150 gallons - there's the plane tickets right there," McMahon said. (Boston Globe)
"While there isn't much you can do about the cost of heating oil or natural gas, you can minimize potential pest impact on your heating expenses by ensuring animals never get in," Kogan says. Rely on non-lethal removal and deterrent methods, he advises, because killing pests means you're simply clearing the way for more to move in. (Canton Daily Ledger, IL)
THE REGION Heating oil retailers from the Northeast say they are squeezed by obligations to buy fuel at the summer's high prices at a time of scarce credit, and have asked Treasury Secretary Henry Paulson for a meeting to discuss emergency aid ... Millions of consumers locked in heating oil prices at more than $4. (Boston Globe)
The Consumer Council has warned it may refer the issue of home heating oil prices to the Office of Fair Trading ... The council said the price of 900 litres of home heating oil had fallen only 25% from 558 ... "Since the summer the cost of crude oil has fallen by more than half and consumers have anxiously waited to see the full benefit being passed on to them when they fill their tank. "In our view, this has not happened in the home heating oil industry. (BBC News -- UK)
It will put a little bit of relief on the consumers, especially for those who are depending on heating oil this winter, but maybe the American people should take this time to save. Michael Right, vice president of public affairs at AAA, said consumers should enjoy the lower prices while they last. (Pine Bluff Commercial, AR)
Nine energy associations in the Northeast are asking the federal government to use some of the money intended to ease the nationwide credit crisis to help heating oil dealers and their customers who locked in high prices this summer. If approved, the effort would mean about 200,000 heating oil customers statewide would be able to wriggle out of contracts that lock in prices for the winter heating season as high as $4 ... The ICPA and other energy associations want some of the money from the... (Republican-American)
Heating oil dropped 11 cents to settle at $1. 942 a gallon while natural gas for December delivery fell 27 cents to setttle at $6. (San Diego Union-Tribune)
Seventh-grader Billy Sorg, as Republican Party presidential candidate John McCain, promised a summer gas tax holiday, lower heating oil costs and equal access to education, which drew cheers from the other students representing the delegations. "I'm the candidate for change and American families," Sorg said, after accusing the Democrat-controlled Congress of "sloppy work." Sixth-grader Katherine McVeagh, representing McCain's running mate Sarah Palin, began her speech with a shout-out to the... (Springfield Sun, PA)
Stockpiles of crude oil and distillate fuel, a category that includes heating oil and diesel, also climbed. Crude for December delivery fell $5. (Boston Globe)
Heating oil prices are expected to increase an average of 23 percent nationwide this winter, the DOE has projected ... Heating oil 2,388 per household, 23% increase. (Forest City Summit, IO)
Going into last winter, with heating oil prices on the rise, Central Maine Power embarked on a campaign to get its customers to switch from oil to electric heat. Electric heat is inefficient, but that's not Central Maine's concern--more electric heat means more business. (Forbes)
We forget about the economy, the cost of heating oil and health care. We have hope and we have inspiration. (Wakefield Observer, MA)
44 a gallon, heating oil plunged more than 11 cents to $2. 05 a gallon and natural gas for December delivery fell 2 cents to trade at $7. (AZCentral -- Business)
There s going to be some people this winter who will have to choose between heating oil, medications, and something to eat, said Harry Burnett, 68, of Kiskatom, at the October 21st budget workshop. Somewhere along the lines you ve got to cut something, because you re going to see some of these people starving to death or freezing to death this winter. (Catskill Daily Mail, NY)
Heating oil and natural gas both gained. Heating oil rose 21 cents to $2. (Fox News)
This is not only a boon to motorists and to those living in colder climates who are going to need heating oil this winter it has a strong potential of making the world at large a slightly less dangerous place. Three countries in particular, Venezuela, Iran and Russia, have used a good deal of the money they acquired when oil prices were much higher to bolster their ability to make mischief. (Appeal Democrat, CA)
51 a gallon, heating oil dropped 5. 8 cents to $2. (International Herald Tribune)
Also discussed in the review process was the possibility of the district saving money by augmenting or substituting inexpensive electrical energy for expensive heating oil in the HVAC upgrading and increasing public participation for funding improvements. Also discussed during the review was the possibility of charging competitive fees for private use of facilities when there is sufficient demand. (San Andreas Calaveras Enterprise, CA)
The rise in oil prices was also underpinned by a jump in gasoline and heating oil prices, as traders bet that lower refinery processing rates will trigger a reduction in products inventories ... Nymex December heating oil 9. (FT.com -- Markets)
The call for an energy rebate also may lose its urgency as gasoline prices have dropped by more than a third and heating oil by almost half from their peaks last summer. HEALTH CARE. (AL.com)
Heating oil fell 10 cents, to $1. 98 a gallon. (Forbes)
Heating oil was down nearly 3 cents at $2. 08 a gallon and natural gas for December delivery dropped 12. (AZCentral -- Business)
Jeff wrote on Mar 16, 2006 9:12 AM:" Buy Citgo gas. Partially owned by the government of Venezuela. A substantial percentage of their profits have been donated to a program that defrays heating oil costs in this country. ". Bryan wrote on Mar 15, 2006 9:17 AM:" It is shocking sometimes how the information world and the economic world have merged in today's society to create instant market fluctuations. I remember it used to be with the price per barrel of oil would go up, it took 3-4 months... (Canton Daily Ledger, IL)
DISSES to those in the heating oil supply chain who will reap enormous windfall profits from the collapse of the heating oil price since many of us "locked-in" a price for the heating season. Today's price is about 2/3 of the lock-in price that was available last summer. (Seacoast New Hampshire)
Little or no mention is made of home heating costs (like the airlines, the suppliers of heating oil are locked into price contracts concluded before the global price of oil declined), electricity generation or the relatively high price of diesel fuel that underpins a large portion of the American transportation and distribution infrastructure. Furthermore, the current still requires a major overhaul on the scale of the U.S. interstate highway system in order to handle electricity generated by... (EETimes)
36 a gallon, while heating oil futures fell 10. 14 cents to settle at $1. (San Diego Union-Tribune -- Business)
Energy is the defining issue in the campaign, Berkowitz said, with Alaskans paying the highest prices in the nation, whether it's heating a home in Fairbanks, commuting to a job from the Matanuska-Susitna Borough to Anchorage, or coping with the crushing prices of gas and heating oil in rural villages. Solutions are in Alaska, he said, including natural resources that extend beyond fossil fuels. (Anchorage Daily News)
For residential heating oil customers in Connecticut, this was bad news. Home heating oil was selling at more than $4 ... For state heating oil customers, who use an average of 700 gallons per year, $4. (Republican-American)
Prices jumped late in the session as traders who had bet on falling gasoline and heating oil prices were forced to buy futures to limit losses before the contracts expired. Oil's gain last week was the first in five weeks. (Sydney Morning Herald -- Business)
Bill said he s not concerned about the recent drop in home heating oil prices. Nobody has canceled because the price of the oil has gone down, he said. (Kingston Mariner, MA)
NEW YORK - Crude oil rose in the last 10 minutes of trading as market participants scrambled to unwind positions on the final day of transactions for the November gasoline and heating oil contracts. Prices climbed as traders who sold the November contracts this week, when gasoline dipped to a 21-month low, had to buy the futures back. (Boston Globe)
Heating oil was off 85 cents, or 30%, to end the month at $2. 00 per gallon. (Fox News)
These customers pay a rate that's tied to the market price of heating oil, and they only get electricity when the utility has surplus energy. The program is a deal when oil is cheap. (Juneau Empire)
The Associated Press Published: November 1, 2008. Oil prices slipped below $65 a barrel Friday, extending declines after data showed the U.S. economy contracted in the latest quarter, reinforcing expectations of a prolonged slump in demand. (International Herald Tribune -- Health)
Income tax, sales tax, real-estate tax, excise tax, and gasoline and fuel tax (to include home heating oil). We pay to have our cars inspected every year. (Billerica Minuteman, MA)
4413 a gallon, while heating oil rose 8. 46 cents to $2. (San Diego Union-Tribune -- Business)
"An important factor over the next few months will be whether OPEC can achieve its output cuts. If it can that will certainly tighten market conditions.'' Last week, the Organization of Petroleum Exporting Countries announced plans to cut 1.5 million barrels of production per day at an extraordinary meeting in Vienna called to address plummeting prices. Venezuela's Oil Minister Rafael Ramirez says that OPEC, which controls about 40 percent of world crude oil production, will need to cut... (The Star Online, Malaysia)
The Associated Press. October 31, 2008 at 8:14 AM EDT. (Globe and Mail -- Business)
467 a gallon, while heating oil fell nearly 2 cents to fetch $1. 9841 a gallon. (San Diego Union-Tribune -- Business)
"The revival in commodities is on ice for the time being, and maybe for the next two years,'' he wrote in a research note Thursday. Gold for December delivery fell $15.50 to settle at $738.50 an ounce on the New York Mercantile Exchange. Other precious metals also fell. December silver slipped 2 cents to $9.785 an ounce on the Nymex, while copper for December delivery fell 19.75 cents to settle at $1.8905 a pound. On Wall Street, the major indexes finished higher, all rising more than 2 percent.... (The Star Online, Malaysia -- Business)
Homeowners who heat with oil may not have to bundle up quite as much this winter - heating oil now averages $2. 98 a gallon in the state, down from $4. (Boston Globe)
53 and heating oil rose 9 cents per gallon to settle at $2. 00. (Fox News)
Citizens Energy (starts in December) for a onetime delivery of discounted home heating oil; call 1-877-JOE-4OIL (1-877-563-4645) Salvation Army Good Neighbor Fund (starts in January). Seniors apply through the Senior Center. (Watertown TAB & Press, MA)
A weak dollar is "an important factor behind oil price rise. Equity markets has also been quite firm,'' which further boosted prices, Moore said. Investors often buy commodities such as crude oil as an inflation hedge when the dollar weakens and sell those investments when the greenback rises. Oil investors have also been tracking equity indexes as a barometer of global economic health. Despite the interest rate cut, the Dow Jones industrial average, which soared nearly 900 points or 11 percent... (The Star Online, Malaysia)
U.S. inventories of crude oil and distillate fuel, a category that includes heating oil and diesel, rose last week, an Energy Department report yesterday showed. Crude oil stockpiles climbed 493,000 barrels to 311. (Bloomberg -- UK)
53 a gallon, while heating oil gained 9 cents to settle at $2 a gallon. Natural gas for November delivery increased by 28 cents to settle at $6. (San Diego Union-Tribune)
The Energy Department will probably report today that US supplies of crude oil, gasoline, and distillate fuel, a category that includes heating oil and diesel, rose last week, a Bloomberg News survey showed. Brent crude oil for December settlement declined $1. (Boston Globe)
Many of us are struggling with our home heating oil bills and the high cost of groceries. An increase in my real estate taxes is just not affordable at this time. (Needham Tab, MA)
455 a gallon and heating oil slipped to $1. 91 a gallon. (ABC News -- Wire)
Boston - Growing food pantry lines, empty heating oil tanks and bare cupboards are on the rise as economic woes strain Massachusetts s poor and middle class, a panel of public officials and local advocates for basic services said Monday. These images, combined with a stingier climate for charitable giving, underscore growing worries about the ability of mainstream Massachusetts families to scrape by this winter, as foreclosures mount and the economy continues to gyrate. (Malden Observer, MA)
50 a gallon and heating oil gained 2. 56 cents to $1. (Honolulu Advertiser)
According to the Energy Information Administration, the price for heating oil, natural gas and electricity is projected to jump by nearly 20 percent. With such high increases this year, homeowners everywhere are giving inefficient windows and doors the cold shoulder. (Canton Daily Ledger, IL)
Consumers demand less energy (gasoline, heating oil) at any given price than they did before. To say that lower prices will stimulate demand, a widely held misconception, confuses a movement along the demand curve (lower price, higher quantity) with a shift back in the curve (lower price, lower quantity). (Bloomberg -- Columnists)
As crude rose from a 17-month low, gasoline and heating oil prices also bounced upward ... 53 a gallon, while heating oil gained more than 10 cents to fetch $2. (International Herald Tribune -- Arts)
The Energy Department will probably report tomorrow that U.S. supplies of crude oil, gasoline and distillate fuel, a category that includes heating oil and diesel, rose last week, a Bloomberg News survey showed. Brent crude oil for December settlement fell as much as $1. (Bloomberg)
In other energy markets, November heating oil fell three cents to settle at $1. 91 and natural gas settled 12 cents lower at $6. (Fox News)
"I just wrote a check for $950" for two barrels of heating oil ... Those communities are stuck with six to eight months of high-priced gasoline and heating oil and generator fuel, until new supplies arrive in the spring. (Anchorage Daily News)
If heating oil prices stay above $3 a gallon, the system will pay for itself in savings. The 40-degree water is hot enough, however, to melt ice and snow, so it will be pumped under new sidewalks so they won t have to be shoveled. (Anchorage Daily News)
Even though heating oil is also down right now, the US Energy Information Administration says we can expect to pay about 15-percent more to heat our homes this winter, compared to last. With cooler weather already here today, Local 12's Rich Jaffe says those high prices have many people looking for other ways to fight off the winter chill. (WKRC.com, OH)
In addition to cheaper motor fuel, falling crude oil is also lowering heating oil prices, which will save consumers on their heating bills this autumn and winter. In the EIA's weekly survey, gasoline was the most expensive on the West Coast at $3. (ABC News -- Wire)
4769 a gallon, while heating oil futures fell 3. 18 cents to settle at $1. (ABC News -- Wire)
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