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Oct 3, 2022 · For families that use natural gas for heating—roughly half of U.S. households—costs are expected to rise $243, up 34%, with bills hitting $952 on average. Households that use heating oil may ...
PRICES Table 10.7 Home heating oil, average retail price by city (taxes included) St. John's, Newfoundland and Labrador. Charlottetown and Summerside, Prince Edward Island. Halifax, Nova Scotia. Saint John, New Brunswick. Québec, Québec. Montréal, Québec.
WHAT IS SPOT PRICE? Spot price of Heating Oil is the current price at which Heating Oil can be bought or sold. It is the wholesale price that is quoted if you wanted to buy Heating Oil in New York today.
Cost Per Sq Ft (Natural Gas, 40 BTU) = (40 BTU ÷ 1,037,000 BTU) × $12.92 =. $0.00049836 Per Sq Ft Per Hour. If we have a 2,000 sq ft house, we have to multiply this very low cost by 2,000, and we get, surprisingly, exactly $1.00 per hour for heating. That means that we spend a total of $24.00 per day to heat a big house with natural gas.
Even so, DOER is projecting a 6.8% decrease to heating oil retail consumers for this upcoming winter, averaging $4.36/gallon, better than last winter’s average of $4.68/gallon for Massachusetts consumers. Retail heating oil prices spiked in Massachusetts after Russia’s invasion of Ukraine in February 2022.
Of the three fuels discussed here, oil is by far the worst, at 161.4 lbs. of CO2 per million Btus produced. Propane is considerably better, creating 139.05 lbs. of CO2 per million Btus. Natural gas is best, at 117 lbs. of CO2 per million Btus. Based on that and cost, natural gas is the easy choice. Well, not so fast.
The cost of RNG depends on the blend you choose. The FortisBC biomethane (or RNG) rate is as of January 2024. You can designate five, 10, 25, 50 or 100 per cent of the natural gas you use as RNG. You'll also receive a credit on the B.C. carbon tax on your bill, depending on the blend you choose.
