Skip to Content.
Sympa Menu

homestead - [Homestead] Home heat cost soars in 2004

homestead AT lists.ibiblio.org

Subject: Homestead mailing list

List archive

Chronological Thread  
  • From: Tvoivozhd <tvoivozd AT infionline.net>
  • To: homestead AT lists.ibiblio.org
  • Subject: [Homestead] Home heat cost soars in 2004
  • Date: Wed, 06 Oct 2004 10:34:08 -0700

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




  • [Homestead] Home heat cost soars in 2004, Tvoivozhd, 10/06/2004

Archive powered by MHonArc 2.6.24.

Top of Page