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Fuel Oil Usage - Spreadsheet

Post in 'The Pellet Mill - Pellet and Multifuel Stoves' started by Shortstuff, Jun 9, 2008.

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  1. Shortstuff

    Shortstuff Feeling the Heat

    Joined:
    Jun 5, 2008
    Messages:
    461
    Loc:
    Southeastern MA
    I dug out all my fuel oil receipts since January of '02 and we paid $0.94 per gallon for #2 fuel oil back then. I made up a detailed spreadsheet to see all the numbers and below is only an overview of our usage/costs to date.

    Tomorrow is my big day. I'll be purchasing my Quadra-Fire Castile (free-standing) with all the venting/accessories I need. I'll be using this stove to heat right at 40% (820 sq.ft. out of 2150 sq.ft) of our floor plan which should save us a few dollars on the oil bill. Fuel oil in my area is right at $4.709 per gallon today and who knows where it will be in September, October.

    I can only guess that by using the pellet stove to heat 40% of my house, that it should save me approximately 40% in fuel oil costs, less the cost of 3-tons of pellets for $792.00 delivered. I'm also only guessing that 3-tons of pellets should last me through next winter. Our house is very well insulated (all exterior walls 2"x6" - R19) good Anderson windows and doors and fairly tight.

    I'll pick up the stove tomorrow, but won't be installing it for some time.

    Steve

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  2. timss13

    timss13 Member

    Joined:
    Jun 6, 2008
    Messages:
    46
    Loc:
    Peterborough, NH
    Your total cost and total gallons figures are the same. How many gallons do you typically use to heat your house? Ours i of comparable size and we are going to buy the QuadraFire Mt Vernon insert. This past year we went through just over 1000 gallons of oil which also covers hot water for us. We were quoted $.59 for oil pre-buy this year which is ridiculous.
  3. Shortstuff

    Shortstuff Feeling the Heat

    Joined:
    Jun 5, 2008
    Messages:
    461
    Loc:
    Southeastern MA
    Sorry, I corrected my speadsheet.

    I was considering purchasing the exact same stove - the Mt. Vernon - and locate it centrally in our house, but the somewhat closed floor plan prevented us from doing so. If all goes well this winter (or if I hit the lottery), I'll be adding a second Castile stove at the other end of our house.

    You mentioned a quote of $.59 for oil, what exactly is it per gallon? We have locked-in at what they call a CAP price each of the past 3 years $1.749, $2.449 and now $3.229 in the fall of last year. My guess is that it's going to be well over $5.00 per gallon come CAP time this November.

    It's such a good feeling to know that I'll have all the heat I need, bought and paid for before winter even gets here.

    Best of luck in your endeavor!

    Steve
  4. Wet1

    Wet1 Minister of Fire

    Joined:
    Apr 27, 2008
    Messages:
    2,528
    Loc:
    USA
    That is rediculous, buy as much as you can at that price!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Buy tankers, fill them with $.59 oil and park them off the coast if you must!!!!!!!!!!!!!!!!!!!!!!!!
  5. Wet1

    Wet1 Minister of Fire

    Joined:
    Apr 27, 2008
    Messages:
    2,528
    Loc:
    USA
    Remember, some of that heat will spill over to other areas of the house so you may use more or less pellets than you think based on how the heat migrates from one area to another. Otherwise, I'd say 3 tons to heat 820 sq. ft. should be plenty.

    Scot
  6. timss13

    timss13 Member

    Joined:
    Jun 6, 2008
    Messages:
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    Loc:
    Peterborough, NH
    Sorry, the heat must be getting to me! I meant $4.59 per gallon....if it was $.59, I would be getting a fleet of tankers....
  7. sinnian

    sinnian Minister of Fire

    Joined:
    May 28, 2008
    Messages:
    896
    Loc:
    Limerick, Maine
    UNFORTUNATELY $4.59 is a good lock in price.
  8. drizler

    drizler Minister of Fire

    Joined:
    Nov 20, 2005
    Messages:
    954
    Loc:
    Chazy, NY 12921
    What an idea, Hey didn't I see something like that in "Waterworld:? No wait it was 1974. My father saw them on his way to Florida. Of course there was a real shortage then and those tankers were sitting there empty they said. Kind of hard to fool folks who live on the river though. We can tell if they are full or not just like magic. Oh well, different time different scam........................................
  9. Tinman

    Tinman New Member

    Joined:
    Apr 10, 2008
    Messages:
    25
    Loc:
    Western MA
    Here is the latest just posted on www.pellets2u.com

    Subject: Please alert your customers to place their fuel orders right away.

    Dear PelletSales.com Dealer Affiliate,

    We wanted to write to let you know that we are experiencing an unprecedented surge in demand for our services.

    In order to provide our affiliated retailers with the highest possible level of service during this period, we are restricting access to portions of our site to affiliates. Even so, we can not guarantee to meet every request for product or delivery services. Accordingly, we are encouraging our affiliates to notify their customers right away that they should log onto our site and secure their fuel needs for the upcoming season.

    Because we are restricting access, your customers will need to use the affiliate code on the back of the Green Dealer Affiliate Card when visiting our site or contacting our customer service personnel. Please be sure to let them know to use that affiliate code when requesting a quote on our site. Should you need more cards please contact our office.

    We look forward to continuing to serve you and your customers, and appreciate your cooperation in communicating this message to your customers.

    Regards,



    Darlene Mangan



    PelletSales.Com

    AmericanBiomass.Net

    I got mine!!!!
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