We are back in the $45/BBL Oil Barrel Price range. As we have prior blogged on our site, #2 Heating Oil is now again the Lowest Cost per Million BTU heating fuel in our region, including Natural Gas. This value is equated via. application of Appliance AFUE Efficiencies of 87% and 95% for oil & gas, respectively.
For the second concurrent year we have recommended that our clients not purchase “Pre-Pay Heating Oil Contracts” and seek participation in Fuel Buying Clubs/Groups. The current and potential financial benefits are substantial.
It further appears that this will be a prolonged condition.