Keyword Analysis & Research: heating oil prices today

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Frequently Asked Questions

Why is the price of heating oil so high?

Many factors contribute to the high price of heating oil this season. Some of these factors include: the growing global demand for oil; the capacity for global crude production, which barely exceeds demand; tight refining capacities in the U.S., and geopolitical unrest in oil-producing regions.

Why is heating oil so expensive?

The other big reason heating oil is more expensive than gasoline is because the world's demand for diesel fuel is growing faster than for gasoline. Diesel fuel is essentially the same as heating oil, so the more diesel in use, the more that will be reflected in the price of heating oil.

Is heating oil cheaper than gas heating?

'The price of oil has continued to fall over the last quarter, and the cost of home heating using oil is now cheaper than gas heating, regardless of the type of property you live in or whether you have a conventional or condensing boiler.' The pricing data, from Sutherland Tables, is quarterly.

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