- Nov 5, 2019
As the price of oil has continued to stay low and the price of pellets continues to rise it has become a lot more expensive to heat with pellets than with oil. Using a pellet price of $329 here in CT and assuming a ton of pellets is equivalent to 120 gallons of oil , the cost of the equivalent of a 275 gallon oil tank fill up would be $756.70. The cost to fill up with oil at the current price of $2.18/gallon is only $599.50. This is a huge difference. Last year the price of oil was even cheaper and the price of pellets only abut $.10 cheaper so again, not cost effective to heat with pellets. I have chosen over the last 2 years to use my oil heat instead. Anyone else feeling the pinch of high pellet prices?