How Are Oil and Gas Heating Different?
Most fuel oil is used in the Northeastern U.S., such as in the New York area, because when these areas were developed and houses built, fuel oil was readily available and cheaper than gas. That’s not the case anymore. Most homes in the region have access to a natural gas pipeline and it makes sense to use gas for heating, water heating and cooking.
Gas is delivered by a regulated utility, which means that you’ll have a pretty good idea of how much you’re going to pay each year. National Grid offers a budget billing plan so that you pay the same amount every month. National Grid will also help you lower your bill with rebates on qualifying, efficient gas equipment. Fuel oil (and propane) prices are not regulated. The fluctuations of the price of oil are well-known, and many fuel oil customers have experienced sticker shock when they had their oil tanks topped off each fall. Depending on the year, some fuel oil customers have paid twice as much for heating fuel as natural gas customers.