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(Toledo Blade)   With oil trading below $90 a barrel and ample fuel stock, it's only natural that home heating oil costs RISE 17% this winter   (toledoblade.com) divider line 63
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481 clicks; posted to Business » on 08 Oct 2008 at 3:55 PM (5 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2008-10-08 12:44:49 PM
There will be less homes to heat, $90 a barrel is still up from last winter I think, and as of a couple months ago, the prices were set to nearly double. All of that means you should be happy you're only paying 17% more.
 
2008-10-08 12:56:59 PM
It's around a 60% increase over last year here, and a 400% increase since 2003.

It's really hitting lots of people hard.
 
2008-10-08 01:08:34 PM
Somebody's making money as a thief. Wanna bet they have political connections.
 
2008-10-08 01:11:52 PM
GAT_00: There will be less homes to heat, $90 a barrel is still up from last winter I think, and as of a couple months ago, the prices were set to nearly double. All of that means you should be happy you're only paying 17% more.

So which oil company do you work for?
 
2008-10-08 01:22:14 PM
John Paul Jones: It's around a 60% increase over last year here, and a 400% increase since 2003.

It's really hitting lots of people hard.


We've "cancelled" Christmas in my family and we're all going to take a turn buying Grandma's heating oil this winter. She's getting crushed already.
 
2008-10-08 01:25:24 PM
Glad I use electric heating, but it's still hitting us harder, too. It makes me sad and poor. Mostly poor.
 
2008-10-08 01:30:27 PM
AntiNorm: So which oil company do you work for?

I don't, but I am a Fark EconomistTM.
 
2008-10-08 01:39:58 PM
Someday we'll spend a billion dollars in R&D to determine when this winter heating season starts, and then we'll be prepared for a change. Summer driving season too for that matter, but that's another billion dollars. Until then we'll continue to be completely unprepared for these unpredictable demand shifts.
 
2008-10-08 02:00:41 PM
AntiNorm: GAT_00: There will be less homes to heat, $90 a barrel is still up from last winter I think, and as of a couple months ago, the prices were set to nearly double. All of that means you should be happy you're only paying 17% more.

So which oil company do you work for?


He's one of those lunatic members of the fact-based community.

Spot price WAS about $90/bbl in Oct07-Jan08. And most of the fuel suppliers will have locked in their purchases earlier in 2007 at $65-$75/bbl, since that was the spot price in the middle of 2007.
 
2008-10-08 02:20:04 PM
Diogenes: John Paul Jones: It's around a 60% increase over last year here, and a 400% increase since 2003.

It's really hitting lots of people hard.

We've "cancelled" Christmas in my family and we're all going to take a turn buying Grandma's heating oil this winter. She's getting crushed already.


My house initially had oil heating. After one winter we got gas. I have no idea how anyone could afford oil.
 
2008-10-08 02:22:20 PM
No problem, just take it out of the 700 BILLION.
 
2008-10-08 02:51:12 PM
Don't most people have natural gas furnaces? Why would the price of oil affect us then? The larger question is why natural gas prices are skyrocketing when there's no shortage of it.
 
2008-10-08 02:58:16 PM
Kublai Khan: Diogenes: John Paul Jones: It's around a 60% increase over last year here, and a 400% increase since 2003.

It's really hitting lots of people hard.

We've "cancelled" Christmas in my family and we're all going to take a turn buying Grandma's heating oil this winter. She's getting crushed already.

My house initially had oil heating. After one winter we got gas. I have no idea how anyone could afford oil.


Unfortunately it's not a feasible option for Gram. Her house is over 100 years old - great grandparents built it. It's all plaster, and all baseboard heat. She doesn't even have a hot water heater. The hot water comes from the heating pipes. Upgrading at this point would be a waste of money. She'll likely be its last owner.

I just love showering when I visit in the winter. The last time, after I returned home, I took a shower so hot I could have shaved with my fingernails.
 
2008-10-08 03:05:17 PM
ricewater_stool: The larger question is why natural gas prices are skyrocketing when there's no shortage of it.

Zombie Enron.

Plus, the fact that there's no shortage in the Middle East doesn't really affect you when you're living, say, not in the Middle East. There IS a shortage of LNG tankers at the moment IIRC.

One or the other.
 
2008-10-08 03:43:17 PM
Buy a programmable thermostat. You will thank me.

\Saved more than the cost of the thermostat in the first month
 
2008-10-08 04:03:10 PM
Diogenes: John Paul Jones: It's around a 60% increase over last year here, and a 400% increase since 2003.

It's really hitting lots of people hard.

We've "cancelled" Christmas in my family and we're all going to take a turn buying Grandma's heating oil this winter. She's getting crushed already.


Unfortunately, more families are going to be doing like yours did. Very sad.

/subby
 
2008-10-08 04:05:16 PM
The Icelander: Buy a programmable thermostat. You will thank me.

\Saved more than the cost of the thermostat in the first month


THIS x infinity

/two gas heaters in 2000 sq ft house just outside Boston
//balanced bill is $79/month for heaters and gas stove
///counting $5/month 'customer fee'
 
2008-10-08 04:05:50 PM
Just stop paying your mortgage. That will save some money, I just read an article about some sheriffs not bothering with foreclosures anymore. I guess that old lady blowing her brains out is to blame for this. Good job granny.
 
2008-10-08 04:06:28 PM
I feel sorry for you people who live in a freeze-your-balls-off type of area. I have the option of not running the heater at all. Without the heater, the coolest it ever gets inside is about 56 which I can tolerate just fine with a sweater.
 
2008-10-08 04:10:46 PM
You people make me sick...just try not getting cold this winter, it's not hard!! Do like me and head to one of your vacation homes that is in a tropical climate...problem solved.
 
2008-10-08 04:12:28 PM
Mr Rusty Shackleford: I feel sorry for you people who live in a freeze-your-balls-off type of area. I have the option of not running the heater at all. Without the heater, the coolest it ever gets inside is about 56 which I can tolerate just fine with a sweater.

That's about as cold as my house gets. It's a row home, so I get heat from my neighbors, and my walls are solid brick so they hold a lot of heat. But I've got a wife who will complain and a daughter who won't sleep, so I have to keep it at 70.

Luckily we got new windows on the windward side of the house, so that helps a lot.
 
2008-10-08 04:13:57 PM
Serious Cat time -

can someone PLEASE fill me in on what "home heating oil" is? I live in the midwest and hear we heat our homes with either;
a) electricity
b) gas

Do people have oil pipes running to their homes? What is all this talk about?
 
2008-10-08 04:14:18 PM
Seriously, folks. Take a lesson from those a single rung down the economic ladder than the lot of you. The bums live in San Francisco for a reason. Mild summers, mild winters. If you can't afford to live in a "freeze my everloving ass off" state, then farking move somewhere you won't.

Darconix smiles everytime inner-city Detroiters complain about it. No jobs shackling them to where they live, yet they refuse to leave. And freeze.
 
2008-10-08 04:15:06 PM
ChicagoJohn: Do people have oil pipes running to their homes?

They've got tanks of what is essentially diesel fuel in their basement. This is burned in a furnace, much like gas, to heat air or water.

I don't get it either.
 
2008-10-08 04:15:52 PM
Darconix: Darconix smiles everytime inner-city Detroiters complain about it. No jobs shackling them to where they live, yet they refuse to leave. And freeze.

Well, moving cross-country isn't exactly cheap.
 
2008-10-08 04:16:23 PM
Death to America: Just stop paying your mortgage. That will save some money, I just read an article about some sheriffs not bothering with foreclosures anymore. I guess that old lady blowing her brains out is to blame for this. Good job granny.

The banks are dying so credit for mortgages is drying up. And McCain is proposing to buy out the forelosures to allow people to renegotiate. What I want to know is, where is my farking handout from the goverment as a new buyer?!

I've done all the right things and I'm still getting screwed by this situation. Good credit, healthy down payment, etc. And I'll probably not qualify for a mortgage, and the boneheads who have houses they can't afford are going to get to keep them.
 
2008-10-08 04:16:26 PM
Diogenes: Kublai Khan: Diogenes: John Paul Jones: It's around a 60% increase over last year here, and a 400% increase since 2003.

It's really hitting lots of people hard.

We've "cancelled" Christmas in my family and we're all going to take a turn buying Grandma's heating oil this winter. She's getting crushed already.

My house initially had oil heating. After one winter we got gas. I have no idea how anyone could afford oil.

Unfortunately it's not a feasible option for Gram. Her house is over 100 years old - great grandparents built it. It's all plaster, and all baseboard heat. She doesn't even have a hot water heater. The hot water comes from the heating pipes. Upgrading at this point would be a waste of money. She'll likely be its last owner.

I just love showering when I visit in the winter. The last time, after I returned home, I took a shower so hot I could have shaved with my fingernails.


Odd, my parents have a house like that. The local HVAC contractor came in and just replaced the unit with another in a couple of hours. The unit was a 90% efficient boiler combo for about 6k installed. Changed it from oil to gas then too.
 
2008-10-08 04:20:37 PM
After a new roof and windows on the leeward side of the house, I'll be converting my forced-air system to use a heat pump. Unfortunately, I don't have room for a ground-source heat pump.
 
2008-10-08 04:20:53 PM
TFA: Nationwide, households that heat with natural gas will pay about $1,010, or about $155 more than last year, the forecast said. But because about 72 percent of homes in Midwest states use natural gas, costs are expected to be even higher in that region. In its forecast, the department's Energy Information Administration predicted that in states such as Ohio, the average household will spend $1,175 to heat with natural gas, or about $169 more than last year.

Remember this when you see the Pickens Plan commercials touting "cheap, affordable" CNG for fueling your cars. If we reach their goal of a 10% switchover, natural gas will become so expensive that you'll have to take out a second mortgage to finance your heating bill.
 
2008-10-08 04:22:18 PM
Diogenes: Kublai Khan: Diogenes: John Paul Jones: It's around a 60% increase over last year here, and a 400% increase since 2003.

It's really hitting lots of people hard.

We've "cancelled" Christmas in my family and we're all going to take a turn buying Grandma's heating oil this winter. She's getting crushed already.

My house initially had oil heating. After one winter we got gas. I have no idea how anyone could afford oil.

Unfortunately it's not a feasible option for Gram. Her house is over 100 years old - great grandparents built it. It's all plaster, and all baseboard heat. She doesn't even have a hot water heater. The hot water comes from the heating pipes. Upgrading at this point would be a waste of money. She'll likely be its last owner.

I just love showering when I visit in the winter. The last time, after I returned home, I took a shower so hot I could have shaved with my fingernails.


She does have a water heater...it's just that her circulator runs some of that hot water throught the baseboard heaters to provide heat.

And if you can shower "so hot I could have shaved with my fingernails," then she needs to lower the water heater temp. Might save her a few bucks on oil, too.
 
2008-10-08 04:23:24 PM
ChicagoJohn: Do people have oil pipes running to their homes? What is all this talk about?

It's used in homes that don't have natural gas service, usually rural areas or small towns. It's stored in a tank several hundred gallon tank next to the house, and once or twice a year you buy it from a service that trucks it to your house and fills up the tank, where it is then burned in the furnace and water heater. I've only lived in one place that had it.
 
2008-10-08 04:25:27 PM
PenguinTheRed: ChicagoJohn: Do people have oil pipes running to their homes? What is all this talk about?

It's used in homes that don't have natural gas service, usually rural areas or small towns. It's stored in a tank several hundred gallon tank next to the house, and once or twice a year you buy it from a service that trucks it to your house and fills up the tank, where it is then burned in the furnace and water heater. I've only lived in one place that had it.


My house growing up had oil heat. There is this probably a 300 gallon tank in the basement. A pipe sticks out side of the house. A Truck pulls up and attaches a house to the pipe and pumps in the oil.
 
2008-10-08 04:28:40 PM
The Icelander: ChicagoJohn: Do people have oil pipes running to their homes?

They've got tanks of what is essentially diesel fuel in their basement. This is burned in a furnace, much like gas, to heat air or water.

I don't get it either.


New England is built on what is essentially bedrock. It would be prohibitively expensive to bury natural gas pipelines for home heat so many homes have (nowadays maybe had would be a better term) no other choice than #2 fuel.

BTW, you do realize that home heating oil closely follows the spot price of diesel fuel, which last I checked is still running north of $4 most places.
 
2008-10-08 04:29:30 PM
www.northerntool.com

I love me our corn stove. 1 bushel a day (about 2 5 gallon buckets) will keep our house plenty warm. Last January I had the stove set at 1 (it can go up to ten) and a few windows open because it got TOO hot. Granted, it was almost $2,500 bucks, but it was the best decision I've made in a long time.

/Average gas bill was around $5 bucks.
//Why yes, the image is hotlinked.
 
2008-10-08 04:33:28 PM
I have a loft with my bedroom and computer area upstairs. The downstairs has the family room and kitchen but gets literally 10 degrees colder in the winter than the upstairs. So it's freezing in the family room, and too hot in the bedroom.

How do I stop hot air from rising?
 
2008-10-08 04:36:24 PM
ChicagoJohn: I have a loft with my bedroom and computer area upstairs. The downstairs has the family room and kitchen but gets literally 10 degrees colder in the winter than the upstairs. So it's freezing in the family room, and too hot in the bedroom.

How do I stop hot air from rising?


We've got forced air heat, so YMMV, but we close the vents upstairs in the winter and let the hot air rise naturally. In the summer we close the vents downstairs and open them upstairs so that it stays cool.
 
2008-10-08 04:41:22 PM
PenguinTheRed: ChicagoJohn: Do people have oil pipes running to their homes? What is all this talk about?

It's used in homes that don't have natural gas service, usually rural areas or small towns. It's stored in a tank several hundred gallon tank next to the house, and once or twice a year you buy it from a service that trucks it to your house and fills up the tank, where it is then burned in the furnace and water heater. I've only lived in one place that had it.


Not just rural. My grandmother in New Jersey... under the final approach to Newark airport and could see the twin towers from her front yard, had an oil burner until very recently. Many of her neighbors still do. Can't quite say I understand why, since they've had natural gas as an option for 30 years, but they do.

(Of course, I'm not sure why a retiree who hasn't been to NYC in 20 years would want to keep paying her tax rate, but she seems happy there, and I've appreciated the place to stay near the city.)
 
2008-10-08 04:42:18 PM
ChicagoJohn: I have a loft with my bedroom and computer area upstairs. The downstairs has the family room and kitchen but gets literally 10 degrees colder in the winter than the upstairs. So it's freezing in the family room, and too hot in the bedroom.

How do I stop hot air from rising?


Insulate your ceiling?
 
2008-10-08 04:42:20 PM
My wife insisted we lock in our heating oil price back in July, so because we'll be burning oil by the droplet this winter she'll be forced to have sex with me to stay warm. Score!
 
2008-10-08 04:44:23 PM
My heating oil went up $1 a gallon from last year. This year, the local airport is supposed to be doing a sound abatement, and we should qualify. From what I understand, part of the upgrade is a furnace.

I'm seriously going to look at gas...but I've heard differing reports as to how much bang you get for your buck.
 
2008-10-08 04:45:14 PM
inglixthemad: Diogenes: Kublai Khan: Diogenes: John Paul Jones: It's around a 60% increase over last year here, and a 400% increase since 2003.

It's really hitting lots of people hard.

We've "cancelled" Christmas in my family and we're all going to take a turn buying Grandma's heating oil this winter. She's getting crushed already.

My house initially had oil heating. After one winter we got gas. I have no idea how anyone could afford oil.

Unfortunately it's not a feasible option for Gram. Her house is over 100 years old - great grandparents built it. It's all plaster, and all baseboard heat. She doesn't even have a hot water heater. The hot water comes from the heating pipes. Upgrading at this point would be a waste of money. She'll likely be its last owner.

I just love showering when I visit in the winter. The last time, after I returned home, I took a shower so hot I could have shaved with my fingernails.

Odd, my parents have a house like that. The local HVAC contractor came in and just replaced the unit with another in a couple of hours. The unit was a 90% efficient boiler combo for about 6k installed. Changed it from oil to gas then too.


Yeah, the house I'm in has plaster walls, ancient radiators, etc. I don't think any of that matters in terms of what fuel you use.
 
2008-10-08 04:47:15 PM
Kublai Khan
Yeah, the house I'm in has plaster walls, ancient radiators, etc. I don't think any of that matters in terms of what fuel you use.

Mine has drywall walls, but still ancient radiators. This weekend, I'll be drilling holes in the walls to see what needs insulation. Whoever put the radiators in the bedrooms down in the dormers...as far from the bed as you can get, is going to get a kick in the nuts.
 
2008-10-08 04:49:42 PM
love-m'-beer: And if you can shower "so hot I could have shaved with my fingernails," then she needs to lower the water heater temp. Might save her a few bucks on oil, too.

No no...I treated myself to that shower after I got home.

Her system, circulator or whatever she has, runs out super fast. I can get a decent quick shower in. But if she does the dishes or otherwise runs the water, it's suddenly 'beat the clock.' You can hear the burner go on pretty much any time the hot water is run.
 
2008-10-08 04:50:22 PM
slewfootedhoopajoo: You people make me sick...just try not getting cold this winter, it's not hard!! Do like me and head to one of your vacation homes that is in a tropical climate...problem solved.

So is slewfootedhoopajoo John McCain's Fark handle? lol
 
2008-10-08 04:55:55 PM
ChicagoJohn: I have a loft with my bedroom and computer area upstairs. The downstairs has the family room and kitchen but gets literally 10 degrees colder in the winter than the upstairs. So it's freezing in the family room, and too hot in the bedroom.

How do I stop hot air from rising?


Ceiling fans. Seriously. We use them in our bedrooms, to circulate the hotter air from the ceiling down to the rest of the room. By doing that, we can drop our thermostat to below 60 degrees F at night (keep in mind, we live in NE Ohio, about 2.5 miles from Lake Erie and we get those lovely Lake Effect wind and snow storms all winter) and keep everyone warm and happy.
 
2008-10-08 04:57:23 PM
llieswald: I love me our corn stove. 1 bushel a day (about 2 5 gallon buckets) will keep our house plenty warm. Last January I had the stove set at 1 (it can go up to ten) and a few windows open because it got TOO hot. Granted, it was almost $2,500 bucks, but it was the best decision I've made in a long time.

/Average gas bill was around $5 bucks.
//Why yes, the image is hotlinked.


Do you have to relight that if the power goes out?
 
2008-10-08 05:08:04 PM
GAT_00 2008-10-08 12:44:49 PM There will be less homes to heat, $90 a barrel is still up from last winter I think, and as of a couple months ago, the prices were set to nearly double. All of that means you should be happy you're only paying 17% more.
===============

Yes, we were lower then.

/Natural gas is still pretty high.
 
2008-10-08 05:34:12 PM
spickus: llieswald: I love me our corn stove. 1 bushel a day (about 2 5 gallon buckets) will keep our house plenty warm. Last January I had the stove set at 1 (it can go up to ten) and a few windows open because it got TOO hot. Granted, it was almost $2,500 bucks, but it was the best decision I've made in a long time.

/Average gas bill was around $5 bucks.
//Why yes, the image is hotlinked.

Do you have to relight that if the power goes out?


Yeah. You also have to clean it because it hard to light it with burnt corn in the tray, so that's a pain in the ass. But we went out and bought a pretty good size Honda generator just in case.
 
2008-10-08 05:58:26 PM
I just cover myself in my comforter and fart...a lot. Its nice and warm under there while my laptop boils my nards off.

/entropy ftw
 
2008-10-08 06:03:35 PM
StewMcG: slewfootedhoopajoo: You people make me sick...just try not getting cold this winter, it's not hard!! Do like me and head to one of your vacation homes that is in a tropical climate...problem solved.

So is slewfootedhoopajoo John McCain's Fark handle? lol



HURRRRR HURRRRRR HUURRRRRRR
Hilarious. It's amazing that you haven't been snatched up by Saturday Night Live yet so you could join other comedians of similar talent.
 
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