West Haven, Connecticut
325 Morgan Ln
West Haven, CT 06516
(203) 934-3835

3 Factors That Affect the Price of Home Heating Oil January 9, 2018

West Haven, New Haven County
3 Factors That Affect the Price of Home Heating Oil, West Haven, Connecticut

Now that winter has arrived, it’s important for homeowners to consider cost-effective ways to keep their homes warm throughout the season. If you use home heating oil, the professionals at Apple Oil say understanding the pricing trends can make it easier to budget utility costs. Located in West Haven, CT, the leading technicians provide top quality residential and commercial services, from home heating oil delivery to oil tank installation and repair services.

3 Ways the Price of Home Heating Oil Is Affected

1. Weather Conditions

home heating oilHome heating oil prices remain steady throughout the summer months due to a lack of demand. Once the temperatures drop, this can cause an immediate spike in oil prices due to the sudden demand. Storms make it more difficult for a company to deliver oil, so this can also play a role in rising prices.

2. Increase in Consumption

If you live in an area where the use of home heating oil is prevalent, you may run into issues with supply and demand. Increases in consumption can decrease the amount of heating oil in storage faster than it can be replenished. If a refinery is unable to keep up with demand, this will cause the price of oil to increase.

3. Crude Oil Prices

The cost of crude oil plays a major role in influencing home heating oil prices. The state of the economy and political climate are both factors that can impact the price, as crude oil is a worldwide commodity.

If you’re looking for affordable home heating oil, turn to the expert technicians at Apple Oil in West Haven, CT. Whether you require delivery services or an oil tank installation, the team has the resources available to meet your needs promptly. Call (203) 934-3835 to speak with a friendly representative and to obtain a free estimate. You can also visit the website for more information about their full list of services. 

Other Announcements, Events and Deals from Apple Oil
3 Ways to Use Your AC More Efficiently, West Haven, Connecticut
There’s no replacement for a reliable AC when summer temperatures peak. However, to save energy and get the most from your system, there are important best practices to keep in ...read more
3 Window AC Maintenance Tips, West Haven, Connecticut
Window-mounted AC units can keep you comfortable without significantly increasing your energy bills. They come in many sizes ranging from 5,000 BTUs to 25,000 BTUs. Although repairs ...read more
3 Tips to Save on Your Air Conditioning Bills, West Haven, Connecticut
Cooling systems consume a lot of energy, especially during hot summer months. However, a poorly maintained HVAC system can also spike your energy use, resulting in higher u...read more
5 Key Components of an Air Conditioner, West Haven, Connecticut
Air conditioners depend on several vital components to produce the cool air that keeps you comfortable throughout summer. When it runs efficiently, you don’t need to think about it m...read more
A Guide to AC Tuneups, West Haven, Connecticut
Air conditioning systems have a lot of moving parts and work hard during the summer months. Having your unit examined and fixed up by an HVAC contractor every year will keep it in go...read more