Converting from Oil to Gas?
There are several factors to consider before you make the big decision.
The price of heating fuel today is just one of many issues that can help you determine whether switching is the right choice for the long term. Other considerations include:
- Short term and long term price projections.
- The cost of converting from heating oil to natural gas.
- Which fuel is the better environmental choice.
- Alternative options for saving money on energy.
Making the right choice is important to you and your family. To better understand the issues, read more.
Until late last year, natural gas prices had been on a steep downward curve. Yet...natural gas futures prices hit an intraday high...touching their highest level since Sept. 15, 2011.— Javier David, CNBC, 3/27/13
Natural gas prices now...up more than 120% from a year ago and up almost 30% this year alone.— etfdailynews.com, 4/21/13
Supply and demand dynamics suggest the stage is set for rising natural gas prices. With storage levels falling and robust demand (which is weakening) putting a floor under prices, natural gas could rally to $4 by the end of the year, if not higher.— Forbes.com, 9/17/12
...Shell expects natural gas prices to double by 2015 as a result of the shale gas boom and as US domestic demand for the fuel grows.— Guy Chazan, Financial Times, 5/16/12
The [natural gas price] surge highlights the striking reversal of fortune in the natural gas market. On April 19, concerns about booming production had left prices down…But since then the cost… has shot up 73%.— Liam Pleven, Wall Street Journal, 9/27/12
Natural gas and heating oil prices, a long term... MORE