How do the costs for natural gas, oil electricity and propane compare?
Costs for different types of fuels vary tremendously throughout the US, and therfore so does the cost comparison. The formulas below can be used to compare equivelent energy costs (price per 1 milion BTU’s) among different fuels. Electricity: (insert price per kilowatt)* x 293 = Cost per 1,000,000 BTU’s #2 Fuel oil: (insert price per gallon)* x 7.21 ÷ rated efficiency** = Cost per 1,000,000 BTU’s Natural Gas: (insert price per therm)* x 10.0 ÷ rated efficiency** = Cost per 1,000,000 BTU’s Propane: (insert price per gallon)* x 11.0 ÷ rated efficiency** = Cost per 1,000,000 BTU’s * Price per unit of energy can be determined by contacting your local provider. ** Rated efficiency can be found on the heating product literature (AFUE efficiency).