Low Heating Oil Prices

Posted: October 25, 2015

Oehlert Bros. Inc. has been delivering superior BioHeat to our customers for over 7 years!  BioHeat using ultra low sulfur heating oil will burn cleaner than natural gas.  Ultra low sulfur heating oil will be mandated in PA in July of 2016.  With Low Heating Oil Prices this is a real win for consumers!

“It is a really exciting time for oil heating customers,” said John Huber, president of NORA. “Prices are low and the oilheating industry is transitioning to a superior fuel product. By adding biodiesel, a renewable, carbon-neutral fuel to low-sulfur heating oil, heating oil retailers are actually delivering a better product at a significantly lower price. What could be better?”

Two prime movers forcing the drop in prices, according to NORA, are increased production and full inventory stocks. “With the U.S. now the world’s leading petroleum producer, production in 2014 showed a 34.6 percent increase over 2012 and the first seven month of 2015 show an increase of 11.5 percent over 2014,” the organization stated. “The combination of increased shipments from the Gulf Coast, higher refinery runs and imports have boosted East Coast distillate inventories to 5.4 million barrels above the five-year average for the week ending Sept. 11, the highest since 2011. On Sept. 18, the distillate inventory was at 59 million barrels.”

NORA stated that for the 8 million U.S. households that use heating oil, proper maintenance and tune-ups of their heating system can save from 5 to 10 percent in heating oil costs, while upgrading an older heating system to a new high-efficiency system may save 30 percent or more. Personally, when I reinsulated my house and installed new windows, I saved a ton in heating costs.