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Heating oil at 3.69 a gallon or $925 for a 250 gallon fill who can afford this

Post in 'The Pellet Mill - Pellet and Multifuel Stoves' started by jmcp, Nov 26, 2011.

  1. rickwai

    rickwai Feeling the Heat

    Joined:
    Nov 1, 2011
    Messages:
    290
    Loc:
    ohio
    Your price seems pretty low?
    In the lower 48 I think the average price for NG is $2 per therm

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  2. lessoil

    lessoil Minister of Fire

    Joined:
    May 31, 2008
    Messages:
    725
    Loc:
    Rumford, Maine
    Yup we have replaced 500 gal/yr oil with 4 tons of pellets. Current avg price is $3.50/gal in our area. We paid $209/ton.
    $836 vs $1750(todays price) Hmm.... warmer too!
    Our Governor is looking into using more natural gas. Funny how the oil companies are complaining again just like
    they did in 2008 when many bought pellet stoves. Oil was $4.50/gal at that time.
  3. save$

    save$ Minister of Fire

    Joined:
    Sep 22, 2008
    Messages:
    1,906
    Loc:
    Chelsea Maine
    Seems that our best options are often where there is a variety of options. i.e. Wood and pellet stoves, and wood and pellet providers. Mix that and the fact that you are personally involved, not plug and play as in the oil/gas furnace. Home heating oil cost is influenced by factors far beyond use in the north east. Best to work with things you have some control or influence with. We are very pleased with our pellet stove. Our home is warmer. Cost have come in control. We are involved. This past year we started canning food again. Very gratified with being more directly involved. Networking in this forum has helped tremendously.
  4. DAKSY

    DAKSY Patriot Guard Rider Staff Member

    Joined:
    Dec 2, 2008
    Messages:
    5,312
    Loc:
    Averill Park, NY, on Burden Lake II...
    Oil man came last week & our monthly drop was 12 gallons - Shucks.
    I almost bought a coil system for the P61A so I could use it for DHW,
    but it looked like it would REALLY make cleaning the accordion heat
    exchanger a total pain...Gimme my pellets any day.
  5. lessoil

    lessoil Minister of Fire

    Joined:
    May 31, 2008
    Messages:
    725
    Loc:
    Rumford, Maine
    If we had another pellet stove in the basement I would try to fabricate
    an external heat exchanger to help with DHW. Seems to me a forum member did try this.
    Years ago my Parents had a loop installed(External) between the wood stove and hot water tank. (No Pump)
    Worked well enough to blow the relief valve even with a small fire.
  6. UncleAnthony

    UncleAnthony Member

    Joined:
    Jan 19, 2009
    Messages:
    233
    Loc:
    Southern Maine
    Sure did !
  7. maple1

    maple1 Minister of Fire

    Joined:
    Sep 15, 2011
    Messages:
    4,139
    Loc:
    Nova Scotia
    Oil's getting worse, no doubt, but it's still not as much as electric (here, anyway), and no NG here either.

    I'm still debating what my back up will be here next year, but so far, it's still oil.
  8. kenfsr

    kenfsr Member

    Joined:
    Aug 12, 2008
    Messages:
    30
    Loc:
    orange,ct
    yes i was on auto delivery with Standard Oil, what a rip off, they came and delivered and the price was 3.89 gal, called them right up and canceled my account with them. i still am dependent on oil for hot water, but the children are not at home now , 1 in college and the other moved out on her own, so less usage for hot water. 4 tons in basement redy for winter, pd 197 ton , should last the season. should save approx 2000 for season. so glad we changed to pellet heat , going on 4 years now, love it.
  9. jmcp

    jmcp New Member

    Joined:
    Sep 16, 2011
    Messages:
    76
    Loc:
    lower bucks
    I used to heat the hot water with oil but had a plumber come and hook up an electric hot water heater so now the furnace never goes on unless the stove cannot keep up.I did not see much a difference in my electric bill I put in a 40 gallon tank.
  10. JIBLANE

    JIBLANE New Member

    Joined:
    Oct 29, 2011
    Messages:
    62
    Loc:
    Long Island NY
    Wow Its already been said seems where all going down the same road oil is just out of control. I would always think twice when touching the Thermostat last year this year Enviro M55 love it I Think. Now all I need are Solar Panels and Electric Cars!
    Maybe one more stove on the other side of my house because everyone now wants to live by the New Stove and the other side is still not under 68 degrees! Everyone now took off there Hats and Gloves and walk around in there under ware on the Stove side including me cause I start to pass out from the heat as sweat shoots out like a weak water pistol from every orifice of my body. I need to keep a Mop near by at all times. I drink 12 gallons of water just to stay alive! I can't drink Milk cause I look like a deformed COW Utter.
  11. Bank

    Bank Feeling the Heat

    Joined:
    Nov 27, 2008
    Messages:
    354
    Loc:
    S. Maine
    My house stays so warm it's rediculous. Now all I have to do is get an electric hot water heater and be done with the oil thing, and only use it as a back up!
  12. Amaralluis

    Amaralluis Member

    Joined:
    Dec 14, 2005
    Messages:
    177
    I agree that the price of oil is getting out of hand.
    The sooner people stop buying it the better.
    Its criminal people having to pay so much to have a warm house in the winter.
    Its not a luxury its a necessity.
  13. nate379

    nate379 Guest

    Your right, I did not factor in all the b/s taxes and "fees".

    My last bill, 19 Sep to 17 Oct was 34ccf for a total of $39.57, so that figures to $1.16/ccf.

    I use natural gas for the clothes dryer, kitchen stove and also run the boiler for the hot water, garage slab heat and I keep the house T Stats at ~65* so it comes on once in a while. I'm sure my next bill will be higher as it was colder.

  14. North of 60

    North of 60 Minister of Fire

    Joined:
    Jul 27, 2007
    Messages:
    2,449
    Loc:
    Yukon Canada
    $4.92 a gallon or $1.30 a litre as of Friday. You guys still got er cheap, plus a milder weather to heat with. Time to insulate.
    Seen $5 a gallon before. It will be here again. Good thing we've got Pine trees.
  15. JoeP

    JoeP Member

    Joined:
    Aug 13, 2011
    Messages:
    46
    Loc:
    Upstate NY
    The oil company around here have 100gal min to 150 gallon min. I ordered the min 100 gallon it cost 4.14.9 a gallon plus tax. the pellet stove will be ran most the time,fuel as a backup or while cleaning pellet stove. I think next summer I will buy another pellet stove and give up on fuel.
  16. silverfox103

    silverfox103 Feeling the Heat

    Joined:
    Oct 4, 2011
    Messages:
    471
    Loc:
    Littleton, NH
    I did just what you are talking about Joe. I bought a second stove and have an electric hot water heater. Goal this year, no oil man and it's worked so far.

    Tom C.
  17. BradH70

    BradH70 Feeling the Heat

    Joined:
    Feb 13, 2011
    Messages:
    431
    Loc:
    South West NH
    I am currently heating my DHW with HHO at around .75-1 gallon per day. I did some "quick" calculations on what it would cost to use an electric hot water tank using the manufactures estimated kWh/year estimate and it looks like I would save about $350/year over oil. So with this, it would take ~3 years to start to get a pay back from switching to an electric hot water tank.

    So, now, how could I determine how much per year an on demand electric hot water heater would cost. Does anyone that has switched from oil to an electric on demand have these numbers? I know it would very by household, but it would still give me a good idea of the savings.
  18. maple1

    maple1 Minister of Fire

    Joined:
    Sep 15, 2011
    Messages:
    4,139
    Loc:
    Nova Scotia
    I can't answer the on demand questions, but have you looked at heat pump water heaters? You could get a Geyser & just plumb it into your existing water heater pretty easily. I don't know a heck of a lot about those either, aside from on line reading, but seems to me a heat pump heater would be an even better way to go - especially factoring in their air conditioning/dehumidifying capabilites too (as long as they last, that is - fairly new technology).
  19. briansol

    briansol Minister of Fire

    Joined:
    Jan 18, 2009
    Messages:
    1,905
    Loc:
    central ct
    I bought my stove when i got my fillup at 4.89/gal back in 07 or 08 i think it was...

    I need to invest in an electric hot water heater though, as my boiler still runs and uses oil. I use about 1 full tank in 2 fill ups (125 gal each time) a year. And that's mostly for hot water! Thats like 700. i really need to just call a plumber and install the thing. But then there's the on-demand type that run on gas, but there's no gas here, so i'd need a tank.... and then there's those solar water heaters.... AHHHHHHHHHH@#$@#$#@@#

    it's never easy when you don't have a budget for any of it :(
  20. DneprDave

    DneprDave Feeling the Heat

    Joined:
    Nov 19, 2011
    Messages:
    285
    Loc:
    Western WA
    Wow, quite a few oil fired hot water heaters among the people here. I have to admit, I've seen only electric and gas home hot water heaters.

    Dave
  21. RidgeRunner56

    RidgeRunner56 New Member

    Joined:
    Sep 23, 2011
    Messages:
    81
    Loc:
    Sandy Ridge, Pa
    Sure glad I made the switch to pellets this year
  22. PJPellet

    PJPellet Minister of Fire

    Joined:
    Sep 6, 2011
    Messages:
    551
    Loc:
    Western NY

    Yep, me too. Most people in my area use propane for hot water and the balance use electric.
  23. whit

    whit Member

    Joined:
    Sep 15, 2009
    Messages:
    138
    Loc:
    Southern VT
    I'm still heating water with oil. But electric hot water would still be more expensive. My oil was pre-buy at $3.55. A couple of years ago when I worked up the numbers it looked like the 17 cents-a-kilowatt electricity here would be more expensive until oil reaches $4.50 or so. And on the really cold January mornings, it's good to have a blast of oil heat.
  24. jtakeman

    jtakeman Minister of Fire

    Joined:
    Dec 30, 2008
    Messages:
    13,488
    Loc:
    Northwestern CT.
    I have electric, If I had my choice? I'd do natural gas. Might look into the NG in the springtime. If its reasonable to have it installed/piped to the house. May add the NG genny too?
  25. heat seeker

    heat seeker Minister of Fire

    Joined:
    Feb 25, 2011
    Messages:
    2,058
    Loc:
    Northern CT
    A couple of houses ago, I had a dedicated oil water heater, made by Boch (sp). The only way I could run out of hot water was to fill the two-person hot tub at full speed. It couldn't quite keep up with that. But a normal shower, etc, didn't even tax it. It could recover from a cold fill to 160º in about 20 minutes or less. I liked it because it gave the furnace a break during the summer, and the heating requirements didn't affect it during the winter.
    I now have an oil/hot water furnace the provides the DHW. It doesn't run much since the pellet stove arrived - yeah!

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