President Biden announced last week that he would be releasing 50 million barrels of oil from the Strategic Petroleum Re
serve (SPR) after a failed attempt at getting OPEC to increase oil production.
As of November 1, 2021, the U.S. Department of Health & Human Services has released $3.37 billion in LIHEAP Funding to states. The Low Income Home Energy Assistance Program, or LIHEAP, helps families living on low incomes by paying their heating bills in the form of a cash grant.
Predicting heating oil and gas prices is tough in such a volatile market, but it seems that one thing right now is certain: homeowners should expect to pay significantly more to heat their home this winter compared to years prior.
The price of natural gas is affecting everyone at the pumps; but for many, filling up the car's tank isn't the only concern.
The cost of home heating oil is on the rise too, currently about 80 percent higher than it was a year ago. For oil companies everywhere, paying more for fuel unfortunately means charging customers more -- a lose-lose situation for both parties.
Oil prices may be on the rise again due to a sudden ransomware attack that forced a critical fuel pipeline to shutdown.
Though it's hard to recall, before the recession of 2008-2009 there wasn't nearly as much discussion about oil and gas prices. It wasn't quite an afterthought, but fuel prices were affordable and seemed to rise at reasonable rates.
This winter so far has dealt us some brutally cold weather. With this comes high home heating oil usage as well as the associated high costs. There are many improvements that you can do to burn less oil and obviously save money and quite possibly increase your comfort levels.
The most obvious improvement most HVAC companies would recommend is the replacement of older inefficient boilers and furnaces with newer high efficiency equipment. This alone can save up to 30 percent of fuel usage depending on how old and inefficient your present equipment is. However, this may or may not be the best way to cut costs and improve efficiency.
There are many reasons to not let your oil tank get too low besides running out on the coldest night of the year. A typical oil tank is about 275 gallons. The amount in the tank is measured by a dip stick with inch increments on it.
I have been working in the HVAC business for a couple of months now. The one thing that surprises me when I tell people what I am doing is they almost always ask, what brands do you sell is it Carrier, Trane, Lennox etc? This is very interesting and a little surprising to me and shows that the advertising and marketing these companies are doing are very effective in that they are getting name recognition out to the public.
