Unplugged Energy Independence

Oil prices continue to rise in Northeast, pricey winter projected

Posted by Kelsey Gagner on Tue,Oct 25,2011 @ 10:55 AM

From 2003 to 2010, the cost of heating oil in the Northeast Census Region has more than doubled, from $1.45 to $3.38 per gallon. And 2011 doesn’t look any less expensive, with a record-breaking $3.71 per gallon, as projected by the U.S. Energy Information Administration (EIA).

Oil prices continue to rise in Northeast, pricey winter projectedIf that’s not enough to make you invest in some serious blankets and footed PJs, get this: residential heating oil prices are expected to set a new record this winter, averaging $26.77 per million BTUs, an increase of 10 percent over last winter!

Natural gas isn’t far behind, with an anticipated five percent increase from last winter’s costs.

Why the steady rise?

Heating oil prices largely reflect crude oil prices. For example, the average cost of crude oil to U.S. refiners increased from an average of $24 per barrel in 2003 to $99 per barrel in 2011. Depending on others for our fuel gives us no say in the price.

How to avoid expensive winters

Well, we have a simple solution: use an alternative heat source that doesn’t require fossil fuels to run. WoodMaster wood furnaces are an investment, but they pay for themselves in a matter of years. You’ll be doing the earth—and your wallet—a favor.

Interested in saving fuel dollars this winter? Purchase a WoodMaster Flex Fuel Furnace by the end of November and receive a $2,000 rebate! Let’s talk.

Topics: Wood furnaces, expensive winter heat, affordability of wood heating, independent heating option, rising heating fuel cost, affordability, inexpensive heating option, woodmaster, high efficiency furnace, Flex Fuel, wood master, energy independence

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