Keeping track: Home-heating options

US residential energy consumption

The recent spike in heating-oil prices - driven by such factors as the price of OPEC crude and basic undersupply - caught many US homeowners by surprise.

The surge also pinched everyone from airlines to truckers hauling freight, resulting in higher pass-along costs for travelers and consumers.

But the overall use of fuel oil has been declining, albeit gradually, as efficiency of use has increased. Demand for other energy sources, including natural gas and electricity (often generated by burning oil) increased or remained consistent.

Though it may be little comfort to cold citizens trying to cope with heating-oil bills, the price of oil overall has gone down considerably in inflation-adjusted dollars. In 1981, the cost of a barrel of oil was around $40, compared to less than $20 in 1999.

(c) Copyright 2000. The Christian Science Publishing Society

About these ads
Sponsored Content by LockerDome

We want to hear, did we miss an angle we should have covered? Should we come back to this topic? Or just give us a rating for this story. We want to hear from you.

Loading...

Loading...

Loading...

Save for later

Save
Cancel

Saved ( of items)

This item has been saved to read later from any device.
Access saved items through your user name at the top of the page.

View Saved Items

OK

Failed to save

You reached the limit of 20 saved items.
Please visit following link to manage you saved items.

View Saved Items

OK

Failed to save

You have already saved this item.

View Saved Items

OK