Thursday, October 1, 2009

Oil Prices Teetering Around $70

Over that last few months oil has hoovered back in forth between $65 and $75 dollars a barrel. As we inch closer to winter all reports I've read makes me believe it will remain this way.

Home heating oil prices continue fluctuate as the price per barrel moves up and down. The good news is that they still remain relativity low considering what we all went through last year. I think most homeowners can definitely handle paying between $2.00 - $2.40 a gallon this winter. Of course this all might change next week, since history shows us that nothing is a sure bet with oil.

picture by carloviv.com

1 comments:

barry stevens said...

I would also think its important to mention the forecasted increase in fuel costs and the issue of running out natural resources. I t would be so much cheaper to use somethign limke an air source heat pump which converts energy from the surround air to heat for hot water.