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Sick of High Oil Prices?
 Did you know that eight million households in the United States use heating oil as their primary heating source, according to the Energy Information Administration, a U.S. government agency. Another way to use the proper energy is going geothermal.
Some Oil Facts You Might Not Know
Of the 8.1 million households in the United States that use heating oil to heat their homes, 6.3 million households or roughly 78% exist in the Northeast region of the country. The Northeast region (which includes the New England and Central Atlantic States) remains the area with an appreciable share of oil-heated family homes. In other regions, older homes have been converted from oil heat to gas heat, and oil no longer has a noticeable share of the new home construction market. Thus, the seasonal increase in inventories and demand (sales of heating oil) is largely confined to the Northeast.
In 2001, 5.4 billion gallons of heating oil was sold to residential consumers in the Northeast; this is 82 percent of total residential fuel oil sales. If you are downright sick of paying for these heating costs ever year, 2007- 2008 studies have shown that 35% of residential homes in the Northeast region have switched their heating systems to solar systems. On average these solar heating systems have saved the average household over $300.00 dollars each heating season. For more solar information visit the solar sites below.
Why do heating oil prices fluctuate?
Seasonality in the demand for heating oil - When crude oil prices are stable, home heating oil prices tend to gradually rise in the winter months when demand is highest. However, at times, prices can surge quickly to very high levels, as occurred in January/February 2000. A homeowner in the Northeast might use 650-1000 gallons of heating oil during a typical winter, while consuming very little during the rest of the year.
Changes in the cost of crude oil - Since crude oil is a major price component of heating oil, changes in the price of crude oil will generally affect the price of heating oil. Crude oil prices are determined by worldwide supply and demand. Demand can vary worldwide with the economy and with weather. Supply can be influenced by the Organization of Petroleum Exporting Countries (OPEC) and other factors.
Regional operating costs - Prices also are impacted by higher costs of transporting the product to remote locations. In addition, the cost of doing business by dealers can vary substantially depending on the area of the country in which the dealer is located. Costs of doing business include wages and salaries, benefits, equipment, lease/rent, insurance, overhead, and state and local fees.
Solar Information Visit
SunPowerMyHome.com - Learn valuable information about solar technology, how it is used, and common questions about solar technology for your home. We specialize in residential solar water heating and solar electric.
SunGenuity.com - Learn about how solar energy is installed & how solar technology is utilized in your home TODAY! We specialize in commercial SOLAR water heating and solar electric.
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