Cheapest way to heat your home? Four fuels compared.

Not all home heating fuels are created equal. Here's what it would cost to heat the average home in the Northeast with oil, natural gas, electricity, and propane, as forecast by the Energy Information Administration (EIA):

1. Natural gas: $1,024

Keith Srakocic/AP/File
In this 2011 file photo, Range Resources site manager Don Robinson stands near the head by the drill that goes into the shale at a natural gas well site in Washington, Pa. The boom in natural gas drilling has caused prices to fall and made natural gas the cheapest of the four major home-heating fuels.

Of the four main fuels used to heat US homes, natural gas is the most popular and now the cheapest, as well. A decade ago, gas cost about 80 percent of an equivalent amount of oil; it now costs less than half of oil, as oil prices have risen and America’s boom in natural gas drilling has kept gas prices low. Nearly half of all homes use natural gas as their primary heating source. Some analysts forecast a huge supply of the fuel will be available for decades to come. 

Not everyone believes the supply is so large that natural gas will continue to be a low-cost fuel. The trends of the past decade, however, are encouraging: In inflation-adjusted terms, natural gas prices are roughly the same as they were in 2003-04, even before adjusting for inflation.

4 of 4

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.

You've read  of  free articles. Subscribe to continue.