What is home heating oil?
Home heating oil is a petroleum product used to heat homes. The prices of home heating oil fluctuate from season to season, and these price variations are due to how heating oil is used and how and where it is produced. So, let’s look into that. First off, let’s talk about who uses home heating oil: About 8.1 million, of 107 million homes in the US, use heating oil as their main heating fuel. So, although it can be used for other things, residential space heating is the primary use for home heating oil. Because of this fact, the demand for home heating oil is very seasonal-generally October through March. The area of the country most reliant on heating oil is the Northeast.