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Sun, 24th October 2021

Nationwide, 5 percent of households use heating oil

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cheap Canada Goose OILThe EIA expects households heating primarily with heating oil to spend an average of $378 (38 percent) more this winter than last winter, reflecting retail prices that are $0.42/gallon (20 percent) higher and consumption that is 15 percent higher.Reliance on heating oil is highest in the Northeast, where https://www.canadagoosejacketonlines.ca/, according to the EIA, about 22 percent of households use oil for space heating, which is down from 27 percent five years ago as an increasing number of homes switch to using natural gas and electricity for space heating. Nationwide, 5 percent of households use heating oil.Heating oil prices are expected to be higher than last winter because of crude oil prices which are forecast to be 24 percent higher than last winter. Petroleum product prices, is forecast to average $48/b this winter, which would be $9/b (22 cents per gallon) higher than last winter.Despite the immediate price increases, expected average household heating expenditures this winter will be about 32 percent less expensive than the five winters prior to last winter.are always pleased to hear our customer base will be spending less money [based on the five year average] to heat their homes due to lower cost of the fuel, said Ralph Adams Canada Goose Outlet, president, Oil Energy Service Professionals (OESP). cheap Canada Goose

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