Because of falling oil prices, most people have been saving a lot of money on heating costs over the past two winters. Crude oil prices recently plunged to their lowest level since December 2003!
If that’s not enough, this winter is running about 15 percent warmer than previous years. Because of low heating oil prices and an El Nino influenced winter, there are some estimates that homeowners could save more than $1,000 on their heating expenses this year.
The price drop has been so significant that heating oil is once again less expensive than natural gas when you apply an apples-to-apples comparison. Keep in mind that a gallon of heating oil generates 40% more Btu’s of heat than an equivalent amount of natural gas. What’s more, gas utilities impose surcharges on their customers, increasing their cost. You’ll never see hefty surcharges or mysterious fees on your bill when we make an oil delivery to you!
Just a few years ago, when oil prices were uncomfortably high, a lot of people wanted to switch over to gas heating systems. This proves once again that switching fuels to capture a temporary price advantage in one fuel has always been like trying to “time” the stock market. By sticking with your friends at Needham Oil and Air and upgrading to high-efficiency, clean-burning oil heating equipment, you can keep your heating bills reasonable without sacrificing an ounce of comfort.
We’re ready to help! Whether it’s a repair, a tune-up or a new furnace, boiler, water heater or oil tank, our trained technicians can take care of virtually any issue that affects your home comfort. This includes correcting poor indoor air quality, which we can do for you by adding a humidifier or air purifier.
Low prices obviously won’t last forever, so let us know what we can do for you. Please contact us today.