Benefits of OilHeat - Economy

 

Heating oil is dependable, abundant, and is economically beneficial. Oilheat, therefore, remains an affordable and value-packed choice.

Oil heat is economical. If you adjust for inflation, the price of heating oil is actually less than it was in 1980! Plus, competition among local Oilheat companies helps to ensure a better value.
Oil heat is efficient. Thanks to major advancements being made in oil heat burner technology, some oil heat systems now boast efficiency ratings of over 95%! Modern oil heat equipment actually burns less fuel. The average annual fuel consumption in 1973 was 1,294 gallons; and now it is only 833 gallons – that’s 35% less fuel.

Oil heat is dependable. There will always be a plentiful supply, even during the coldest winter months. In fact, the United States has a Strategic Petroleum Reserve with a capacity of 720 million barrels -- the world's largest emergency oil stockpile -- in addition to a two-million-barrel heating oil reserve. There are over 50 oil producing countries, and the U.S. is not dependent on any one country or region for its supply.

Oil heat’s price is right. Compared to the Consumer Price Index, which represents the average prices consumers pay on a wide range of products, oil heat has increased about half as much. In comparison, medical care has increased in cost by nearly 400%.

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