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fuel costs

Aug 16, 2018

According to the State of Maine Energy Office bulletin of August 2, 2018, the average cost of heating oil is $2.77/gallon. It costs $19.97 to generate a million BTU with heating oil.  Propane is $28.25. Pellet heat is $16.24. 

In other words, pellet heat is now 20% cheaper than oil and about half the price of propane!

The U.S. Energy Information Office predicts that the price of oil will remain about where it is for the rest of 2018. The low oil prices of two years ago were the lowest of the decade and unlikely to return. 

Fossil fuel prices fluctuate with world markets. Wood pellets come from right here in Maine, with very little price change. Firms delivering bulk wood pellets to Maine homes have now set their prices for the entire 2018-2019 winter.