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Heating Oil Prices:
We deliver home Low Sulfur heating oil at discounted prices to over 5,000 customers through out Lower Bucks County. We're in your neighborhood almost every day, and offer same day or next day oil delivery in most areas. Check today's oil price by calling today @ 215-945-4833 or 215-493-7455
Call 215-945-4833 for today's Current Low Heating Oil Price, and schedule your delivery. We offer same day delivery and emergency 24/7 services is also available.
JC Heating offers Easy Pay Oil Budget Payment Pans, Guarantee Fixed Pricing Plans, 30 day credit plans, Oil Burner Service in addition to COD Delivery.
Call Today for Our Low Heating Oil Price. You will be glad you did!
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Some Heating Oil Fun Facts
Heating oil is a petroleum product used by many Americans to heat their homes. Historically, heating oil prices have fluctuated from year to year and month to month, generally being higher during the winter months when demand is higher. This winter, distillate fuel inventories are low and customers will be concerned about the potential for higher prices. To understand the reasons for these price variations, consumers need to understand how heating oil is used and how and where it is produced.
Yes Heating Oil is Good For The Environment! Low Sulfur Heating Oil Blended with only 2% Bio Fuel Burns Cleaner Than Natural Gas. Greenhouse gas emissions decrease as the biofuel blend increases.
Who uses heating oil?
Of the 107 million households in the United States, approximately 8.1 million use heating oil as their main heating fuel. Residential space heating is primary use for heating oil, making the demand highly seasonal. Most of the heating oil use occurs during October through March. The area of the county most reliant on heating oil is the Northeast.
Some customers try to beat rising winter prices by filling their storage tanks in the summer or early fall when the prices are likely to be lower. However, most homeowners do not have large enough tanks to store the full amount needed to meet winter demands. Because homeowners may have to refill their tanks as often as 4 to 5 times during the heating season, possible rising or spiking prices are a concern. You may purchase your entire winter supply of heating oil at our low summer time price and store it in our million gallon storage tank for the coming winter months, there by avoiding any possible rising prices .
Where does heating oil come from?
The United States has two sources of heating oil, domestic refineries and imports from foreign countries. Refineries produce heating oil as part of the "distillate fuel oil" product family, which includes heating oils and diesel fuel. Distillate products are shipped throughout the United States by pipelines, barges, tankers, trucks and rail cars. Most imports of distillate come from Canada, the Virgin Islands, and Venezuela. Refiners are limited in the amount of heating oil they can make to meet the demands of the winter heating season. Some winter heating oil is produced by refineries in the summer and fall months and stored for winter use. During the coldest winter months, the inventories that are built in summer and fall are used to help meet the high demand. Refiners can increase heating oil production in the winter to a modest degree, but they quickly reach a point where, to produce more heating oil, they would also have to produce more of other petroleum products which could not be sold in sufficient quantities during the winter months. On the other hand, if consumer demand is high for a seasonal product, such as gasoline, refiners may delay producing heating oil for the winter, which may lower inventories at the start of the heating season. Such was the case in the summer of 2002, when refiners produce more gasoline to supply high gasoline demand. As a result, the 2002-2003 heating oil seasons started with low inventories.
Heating oil is brought into storage terminals in an area by refiners and other suppliers. For example, heating oil may be delivered to a central distribution area, such as New York Harbor, where it is then redistributed by barge to other consuming areas, such as Philadelphia. Once heating oil is in the consuming area, it is redistributed by truck to smaller storage tanks closer to a retail dealer's customer. At JC Heating, we own and maintain our own million gallon heating storage tank. Having our own supply for our customer's no matter what the weather may bring.
How much does a gallon of heating oil cost?
Heating oil prices paid by consumers are determined by the cost of crude oil, the cost to produce the product, the cost to market and distribute the product, as well as the profits (sometimes losses) of refiners, wholesalers and dealers. In 2001, distribution and marketing cost accounted for 46 percent of the cost of a gallon of heating oil. The next largest component, crude oil, accounted for approximately 42 percent of the cost of a gallon of heating oil. Lastly, refinery processing cost account for about 12 percent.
Why do heating oil prices fluctuate?
Heating oil prices paid by consumers can vary over time and by where a consumer lives. Price can change for a variety of reasons. These include:
Seasonality in the demand for heating oil - When crude oil prices are stable, home heating oil prices tend to gradually rise in the winter months when demand is highest. However, at times, prices can surge quickly to very high levels, as occurred in January / February 2000. A homeowner in the Northeast might use 650-1000 gallons of heating oil during a typical winter, while consuming very little during the rest of the year.
Changes in the cost of crude oil - Since crude oil is a major price component of heating oil, changes in the price of crude oil will generally affect the price of heating oil. ( See Figure 2.) Crude oil prices are determined by worldwide supply and demand. Demand can vary worldwide with the economy and with weather. Supply can be influenced by the Organization of Petroleum Countries (OPEC) and other factors.
Regional operating cost - Prices are also impacted impacted by higher cost of transporting the product to remote locations. In, addition, the cost of doing business by dealers can vary substantially depending on the area of the country in which the dealer is located. Cost of doing business include wages and salaries, benefits, equipment, lease/rent, insurance, overhead, and state and local fees.
What can you do to lower your heating bill?
You can arrange to have your tank filled in late summer or early fall when prices are generally lower. Talk with JC Heating about participating in our budget plan to help stabilize your monthly bill. We also have fixed pricing programs, which can help keep cost down. You can obtain a home energy audit to ensure that your furnace and appliances are running efficiently before the season begins. You can achieve conservation gains by weatherizing your home, installing the proper insulation in your house and around your hot water heater. Quick and easy fixes such as caulking and weather stripping windows and doors to seal out cold air also help save energy. Installing a programmable thermostat and reducing temperature settings on your thermostat, especially when your not home, are other ways to reduce your heating fuel cost.
Contact JC Heating at 215-945-4833 for additional information and current heating oil pricing.
JC Heating Provides
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