Homestead mailing list

[Tvoivozhd <tvoivozd AT infionline.net>]

 Heating oil for November delivery rose 2.12 cents, or 1.5 percent, to 
close at $1.4068 a gallon, the ninth record close in two weeks. Prices 
have jumped 72 percent in the past 12 months. The price of crude oil 
accounts for about 51 percent of the cost of a gallon of heating oil, 
according to the Energy Department.

A wholesale price of $1.50 a gallon for heating oil is a "shoe-in," said 
James Cordier, president of Liberty Trading Group in St. Petersburg, 
Fla. "No one has turned on the thermostat yet, and we're talking about 
$1.50 heating oil."

The typical home in the Northeast that uses heating oil will consume an 
estimated 697 gallons of the fuel this year at an average cost of $1.60 
a gallon, according to Energy Department figures. The region consumes 80 
percent of the nation's home heating oil. It might be the costliest 
winter ever for heating oil users, according to the department

tvoivozhd---that's $1115.2 folks, figure in anothe ten percent for the 
predicted colder winter, total of $1227 unless soe foreign event kicks 
the oil price further up.  If you live on a farm, and are still able to 
handle a chainsaw, wood heat will remove you from having to put out cash 
you may not have..

Weather forecasters are predicting a colder winter for the Northeast and 
Midwest compared with the 30-year average.



http://www.chicagotribune.com/business/chi-0410060130oct06,1,5773750.story?coll=chi-business-hed