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  1. Using the formula, you can calculate your Heating Oil Usage: HOU = 800 gallons / 2,000 square feet = 0.4 gallons per square foot. In this case, your Heating Oil Usage is 0.4 gallons per square foot. This means that, on average, you’ll need 0.4 gallons of heating oil to heat one square foot of your home during the winter season.

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  5. Mar 9, 2024 · For those considering a replacement, the average cost is similar to other furnace types and ranges from $3,500 to $6,000. Here’s a table showcasing some of the best brands for oil furnaces and their costs: Brand. Unit Cost ($) Total Cost with Replacement ($) Armstrong. $2,400 – $7,300.

  6. 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. The price is quoted per US Gallon.

  7. Jul 22, 2022 · Number of Heating Hours: 1809 hours. BTUs Used: 40,000 BTUs. Central heat with propane – 80% efficient furnace will cost $1815.88 a year with propane costing $2.295/gallon. Central heat with natural gas – 90% efficient furnace will cost 941.40 a year with a price of $1.301/therms.