Heating oil is one of the important distillates gotten from crude oil. It is closely related to jet fuel and kerosene. The consumption of heating oil is high due to its use in heating up small buildings and residential spaces. In the U.S., heating oil is also known as No. 2 fuel oil and is the second most-consumed fuel oil after gasoline.
Domestic Use
Heating oil belongs to the class of fuel products knows as “red diesel.” This class of fuel products is not to be used in powering vehicles on public roads. Heating oil also has a lower concentration of sulfur content and is less taxed than other diesel fuels. This reduction in taxes is reflected in its price since it is much cheaper than regular diesel fuels.
Uses of Heating Oil
The primary use of heating oil in Madison is in the heating of indoor spaces in small buildings and homes. Boilers and furnaces make use of heating oil to produce heat. This heat is then circulated round the space by means of fans and heat exchangers or via radiators. Aside the heating of indoor spaces, heating oil can also be used to heat indoor swimming pools and water for domestic use. Some hot water systems make use of heating oil as a source of energy.
Cost of Heating oil
Due to reduced taxes and ready availability, heating oil is a cheap source of energy. However, its prices can increase dramatically when the product is in high demand. The winter season sees a high demand for heating oil, and this can cause a radical increase in its price. Home and property owners are advised to purchase and stock up on heating oil during the warmer months.
Save Money During the Warmer Months
During such periods, demand for heating oil is lower, and this causes a drop in prices. Individuals can save a lot of money when they purchase heating oil during these periods. However, in recent years, the demand for heating oil has slowly decreased. This decline is due to the fact that many households now make use of heating systems that use electricity or natural gas as heating sources.
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