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so, would it be accurate to say that unless I got a super high efficiency gas boiler during the conversion that I would actually use MORE total gas than oil with my current system, thus negating some of the savings?
Well, not more gas than oil but to switch a system based soley on the current price of oil verse gas is not a good enough reason to convert. If you told me that you never have your oil system maintained or you had a very old system or you had a separate hot water heater, then you can boost your savings and shorten your pay back period.
Fuel oil = 139,000 BTU's per gallon
Nat gas= 100,000 BTU's per Therm
Therm is about $1.60 per therm so gas costs about $2.14 for the same amount of heat produced by 1 gallon of heating oil. So it maybe worth it as long as the prices stay the same.
Well, not more gas than oil but to switch a system based soley on the current price of oil verse gas is not a good enough reason to convert. If you told me that you never have your oil system maintained or you had a very old system or you had a separate hot water heater, then you can boost your savings and shorten your pay back period.
Fuel oil = 139,000 BTU's per gallon
Nat gas= 100,000 BTU's per Therm
Therm is about $1.60 per therm so gas costs about $2.14 for the same amount of heat produced by 1 gallon of heating oil. So it maybe worth it as long as the prices stay the same.
That fixed price of 4.69 for oil quoted yesterday is $5.29 today!
I'm doing ok, but my heart goes out to all the families who are struggling. It's going to be a choice for them whether to heat thier homes or buy groceries.
Something has to happen as this can't go on.
Thanks for your input, I have a full tank of oil now and when it's empty I'm making the switch.
Holy sh*t!!! Wow. Unbelievable! I have a camp in Pa and the propane is not much better $4.29 a gallon! Youre right, this winter there is going to be alot of cold people. I feel really bad for the people just getting by.
Quote:
Originally Posted by NYTom
That fixed price of 4.69 for oil quoted yesterday is $5.29 today!
I'm doing ok, but my heart goes out to all the families who are struggling. It's going to be a choice for them whether to heat thier homes or buy groceries.
Something has to happen as this can't go on.
Thanks for your input, I have a full tank of oil now and when it's empty I'm making the switch.
If this holds up, I think a lot of people are going to keep their thermostats at 58 degrees, and strategically use space heaters around their houses. We will get to the point where electric heat is cheaper than oil heat.
Geared toward promoting wood pellets...it allows you to input current prices and the output is how much 1 million BTU's cost you. Electricity is still king with LIPA's ridiculous rates here on LI...but at $4.50 - $5 a gallon for oil its catching up quick.
If this holds up, I think a lot of people are going to keep their thermostats at 58 degrees, and strategically use space heaters around their houses. We will get to the point where electric heat is cheaper than oil heat.
Which just increases the risk of fire.............space heaters are very dangerous.
Holy sh*t!!! Wow. Unbelievable! I have a camp in Pa and the propane is not much better $4.29 a gallon! Youre right, this winter there is going to be alot of cold people. I feel really bad for the people just getting by.
Propane is 92,000 BTU per gallon verse 139,000 BTU per gallon of heating oil so you need 1.51 gallons of propane to equal 1 gallon of heating oil.
Geared toward promoting wood pellets...it allows you to input current prices and the output is how much 1 million BTU's cost you. Electricity is still king with LIPA's ridiculous rates here on LI...but at $4.50 - $5 a gallon for oil its catching up quick.
Interesting but very skewed due to distribution of heat in the structure. Also 1 million BTU's of wood pellets is 125 pounds........need alot of room for storage. 125 pounds of wood pellets is about 7.2 gallons of heating oil. So you would need to buy almost 2.5 TONS of wood pellets to equal 1 tank of fuel oil.
Wood pellets fo have a niche in the market, just not as primary heat sourse. Reminds me of the coal & wood stoves of the 1970's.
I remember my neighbor bought 10 tons of coal in 1974, evidently he had NO idea how much coal he bought until it was dumped and covered his front yard....lol! As a kid, we climbed to the top of the mound & got covered in coal dust. Mom......not happy!
Yeah KB, Im aware of the input and output differences. But the system is already in place and its not worth ripping out and converting. The heat is only on maybe 6 times a year.
Quote:
Originally Posted by Kbinspections
Propane is 92,000 BTU per gallon verse 139,000 BTU per gallon of heating oil so you need 1.51 gallons of propane to equal 1 gallon of heating oil.
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