26 Oct '13, 11pm

#peakoil Getting the most warmth for your money: In the face of petroleum’s massive price jump over the last d...

Getting the most warmth for your money In the face of petroleum’s massive price jump over the last decade, more and more homeowners are moving away from oil to heat their homes. And up until recently that move has been toward natural gas, which has also begun to rise in price this year. The average price of heating oil has tripled between 2003 and 2012 to about $4 per gallon, according to the state Department of Energy and Environmental Affairs. Prices were slightly lower than that in mid-September, but are expected to increase as the season goes on. This is mainly due to a spike in demand compared to last winter, combined with constraints in the supply of natural gas to the region, which drove spot prices up in the Northeast an average of 146%. According to the federal government forecast, natural gas customers will pay an average of $679 this winter for heating, up 13 pe...

Full article: http://peakoil.com/consumption/getting-the-most-warmth-fo...

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