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Comparing Fuel Costs

by LiveModern Webmaster last modified Nov 15, 2012 01:01 AM
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by Alex Wilson last modified Nov 14, 2012

Author name:  Alex Wilson Blog Category:  Energy Solutions An easy-to-use online Fuel Cost Calculators lets you compare different fuels in terms of today’s energy costs. BuildingGreen's online Fuel Cost Calculator—shown here with current Vermont costs for heating oil and electricity and assumptions on how those energy sources are used. Click to enlarge. Photo Credit: BuildingGreen, Inc. If there’s one thing that we can predict with certainty about fuel costs, it’s that they fluctuate a lot. That wasn’t always the case. The price of electricity, natural gas, propane, and heating oil were remarkably stable for decades—up until the 1970s. Since then, prices of most fuels have gyrated wildly, driven by political unrest in some parts of the world, periods of greater or lower demand driven by periods of strong economic growth or contraction, resource limitations (real or perceived), and the situation in China and other parts of this increasingly connected world. With regulated energy sources (particularly electricity), there is often less volatility, because regulators have to approve changes in pricing. What does this mean for you as you compare one heating option to another or try to figure out whether to buy a pellet stove this winter? How does oil compare with propane or electricity as a heating source? Those sound like simple enough questions, but it’s actually fairly complicated. read more




 

 


 

 

 
 
 

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