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Does anyone know how many therms of gas equals gallons of oil. I have been comparing usage with a brother in law and can't seem to come to a conclusion on how they compare.
Mike
But most NG companies bill by the Therm, or 100,000 BTU. If you look at a gas bill, and do the math you will find current prices of approx. $1.75 a therm in the Northeast.
Oil has approx 140,000 BTU per gallon or roughly 1.4 times as much heat.
In terms of a simple multiplier, either multiply 1.4 time the gas therm price:
If gas therm is $2.00, then oil equiv is $2.80
or, if the other way around:
use a .7 multiplier
If oil is $4.00, then gas would have to be $2.80 a therm to be equiv.
It would be nice if you could add heat pumps (which use electric). The electric you post assumes 100% resistive heating when in reality a heat pump with a COP of three or higher begins to be able to compete with NG and even wood.
It would be nice if you could add heat pumps (which use electric). The electric you post assumes 100% resistive heating when in reality a heat pump with a COP of three or higher begins to be able to compete with NG and even wood.