As the leaves change color, there is no question fall is truly upon us – and we all know that means winter is not far behind. For those of us who remember last year’s polar vortex on Long Island, there’s no question that the time to start preparing for winter is now.
Some news sources predict that winter 2014 is going to be worse than the last. Headlines like “More Shivery and Shovelry!” top the Farmers’ Almanac extended forecast page and phrases like “polar vortex” are being tossed around by some weathermen once again. Other long-range weather predictions disagree. According to the National Oceanic and Atmospheric Administration, El Niño is going to be strong this winter, which will give us milder temperatures and possibly more rainfall.
Although this winter’s weather is still up in the air, one thing is certain: the type of heating fuel you choose can drastically impact your spending power come spring. During last year’s polar vortex, oil prices in New York State increased from $3.91/gallon to $4.24/gallon from November 2013 to March 2014. However, notwithstanding this very cold winter, gas prices actually declined from $1.68/gallon equivalent to $1.59/gallon equivalent during the same period. For this winter 2014-2015, forecasts from the US Energy Information Administration, EIA, pin the national average price for oil around $3.68/gallon while natural gas will be $1.55/gallon equivalent. That amounts to a cost of 2.4 times more to heat a home with oil instead of gas. No matter what the weather turns out to be, it is clear that natural gas is the best home heating option around.
Home heating comparison sites, including the EIA, agree that heating with natural gas is cheaper than heating with oil. Predictions given by the EIA for the winter of 2014–2015 result inan national average of nearly $1,500 in savings when using natural gas heat compared to when using oil. 1 So when there’s only so much time and money to be spent this winter, why pay additional money for heating your home? Should the polar vortex leave 53 inches of snow on Long Island again, you won’t be worrying about your next oil delivery, as natural gas is delivered by pipe to your home.
Whether the winter batters Long Island or leaves us relatively unscathed, converting to natural gas heat is the smartest decision for your home. With O2G the only place you’ll notice the difference is the one place that matters most: Your wallet.
1Based on average natural gas usage of 952 therms and oil usage of 686 gallons for the average household for the winter season.