With the latest industry estimates revealing that heating oil prices will be rising more than the ever increasing gasoline prices, and likely reaching 3.50 a gallon, it got me thinking:
What were the costs per gallon that we have paid to keep our house warm each winter.
So, a spreadsheet seemed in order. Here is what I found.
1989Â $0.67Â $0.75
1990Â $0.82Â $0.93
1991Â $0.86Â $1.01
1993Â $0.78Â $0.84
1994Â $0.91Â $0.78
1995Â $0.85Â $0.84
1997Â $1.01Â $0.97
1999Â $0.80Â $0.98
2000Â $1.13Â $1.58
What does all this mean? Well lots of things.
We do see that prices do rise and fall.
It isn’t always about costs always going higher.
I won’t attempt to cover the reasons for variations in oil prices.
But I have found that buying oil early in the year will usually result in lower costs per gallon.
And I have seen, in more than one occasion, that buying oil at the onset of any Mid-East conflicts, (Dessert Storm, 911, Iraq, on and on) is never a good thing.
Mostly that the prices have raised significantly in just the last few years.
The 16 years from 1988 to 2004 I have seen my costs rise about a dollar/gallon.
The last three years, it also rose about a dollar/gallon, and even more, since the last price I paid was early in the season.
Perhaps a conversion to natural gas would be a wise economical and ecological choice.