Home Heating Oil Mercerville NJ Questions
Q: I just bought a home in Mercerville that uses heating oil and I have never heated a house with oil. How do I order it?
A: It is easy to order oil online with our service company. Simply create an account and place your purchase. The process takes no more than 5 minutes.
Q: At what time are the prices the lowest when it comes to buying heating system oil.
A: If you are looking for the best prices on heating oil, it is generally best to order a fill up during the summer time or off-season. During these times of the year the cost of oil is usually at its lowest.
Q: What happens if I mistakenly let my tank run out of oil?
A: Your HVAC will require fuel in order to operate. If you run out of heating oil in the middle of night and it is an emergency then you can temporarily use diesel fuel as a substitute.
Q: Will my furnace be harmed if I run out of fuel?
A: It is never a great idea to run out of oil. If that occurs the best thing to do is to get oil in your tank without delay and restart your heating system. Having said that, if you do run out of oil, in many cases, you will not damage your heater. In some cases, you will need to have a service tech to come to the property to flush the line and restart your heating system.
Q: What is the lifespan of my home heating oil system?
A: Oil heaters tend to last longer than natural gas heaters. The normal lifespan for an oil fire heating system is 30 years or more. Nevertheless, with that being said, the heating systems that are manufactured today are far more efficient than what they used to be 30 years ago. For that reason, if you have a heater that is older than 10 years you may want to consider upgrading it because of the better levels of efficiency.
Q: Do I need to be concerned about my heating oil freezing during the low temperatures in the winter?
A: In Pennsylvania and New Jersey the temperature levels during the wintertime generally do not drop low enough to be concerned. However, if the temps drop below 20 degrees consistently, or for long spans, then you might need to add an additive to your oil to avoid the oil from gelling.
Q: My oil heating unit is outdated. What should I do?
A: As heating systems age, they are likely to lower in efficiency. If you have an older heater, it may be important to start thinking about replacing it with a new oil fired heating system. Please note, that it typically does not make financial sense to switch fuel sources. According to the consumer energy Council of America, the expenditure of switching fuel sources does not provide enough of a monetary gain to outweigh the investment.
Virtually every property owner is often worried about home heating system costs. Considering that the cost of fuel like propane and heating oil tends to fluctuate, it is very difficult to have an idea of how to budget the upcoming cold season. You can always do tasks like decreasing your thermostat when you are not home and ensuring that your home is properly sealed off from the outside air entering into your home. As much as this may help, you still really need your home to feel comfortable and pleasant when you or your friends and family are home.
As a, you probably have observed that what you pay for home heating costs one winter will be completely different then next. Furthermore, you may have also noticed that what you pay for home heating oil one month is different than the next time that you order oil. This can make it hard to understand or figure out how much money you need to set aside to balance for these home heating costs. Although you may not have the knowledge to convince the oil business to adjust the rates they’re asking, you most certainly can work with them to use one of the plans that they have readily available.
What Is A Heating Oil Price Plan?
Pre-Buy, Capped Oil Prices, Or Heating Oil Budget Plans
When you pick a heating oil Mercerville plan, it signifies that you are locking in the rate that you pay for heating oil throughout the year. As touched on previously, the rate for heating oil has the tendency to rise and fall depending on factors such as crude oil prices, geopolitical unrest in oil producing nations, and supply/demand. When you opt for a locked fee or a pre-buy plan, then you are pre-purchasing your #2 fuel oil and you will not experience the prospective increase that is commonly seen with heating oil especially during the winter months. This is a great way to save on money simply because you will take the “guess-work” away from the financial planning for your home heating expenses. A pre-buy plan has saved house owners hundreds of dollars because they have an idea of specifically how much they need to set aside for the cold season. You will pay pre-season market prices that are established for the time that you sign your contract.
When you sign a contract for a price cap, then you are consenting to pay a set price for the remainder of the winter. The heating oil service provider is conceding that they will never bill you more than what is decideded upon on the day that you entered into the contract. If the value of #2 oil were to decrease below the agreed amount, then you would be paying the decreased prices. It is a win-win for customers simply because you will never ever go over the amount agreed upon but you may obtain the convenience of paying for even lower prices if heating oil rates were to decrease. This plan also really helps property owners budget home heat costs. Like most house owners, you are generally knowledgeable about how much heating oil is used during the course of the winter season. You can compute the expenses by taking the amount of the price cap and multiplying it times the amount of gallons that you will consume. Most home owners have the tendency to use about 100 gallons monthly from December to February and then use 100 gallons for the remaining 9 months. Nevertheless, this can differ depending on what kind of winter it is.
Some service providers offer heating oil budget plans. This indicates that your #2 heating oil use is approximated and you will have the ability to pay for it through the duration of the year. This minimizes having to pay even more during the cold season and significantly much less during the summer months. This gives home owners the option to have more of a consistent rate without having the pressure of breaking their bank account during the height of the home heating season.
The Market Value Of Heating Oil
Some house owners want to take the chance of paying market values. Doing so can make it very difficult to budget due to the fact that the market costs rise and fall a great deal throughout the on and off season. It is practically taking a gamble. Having said that, it does interest homeowners or renters who are not interested in engaging in a contract. It gives home owners flexibility. Many heating oil business do offer lower prices than some others companies but generally it is not by much. This signifies that you are still paying higher prices during the course of the heating season. Deciding to pay market prices does not allow for budgeting. Those who choose to pay current market values when needing to fill their #2 oil tank should certainly do their research. It is wise to be knowledgeable about how heating oil prices are established. It might be a cold wintertime, where the demand for heating oil is high. If this holds true, then you will most certainly be paying astronomical prices for home heating costs and it would be much better to enter into a contract.
Listed below are the determinants for heating oil prices:
- Strong Demand:A variable that adds to the market price of heating oil is determined by the rate of crude oil. If the market for crude oil has been strong, then you can bet that your home heating costs will exhibit this.
- Crude Oil Costs: Just like most markets, the supply and demand of crude oil is something to consider. This has a major role in what you wind up paying for heating oil. Crude oil supplies have the tendency to change based on variables such as weather conditions or political instability in countries that supply the majority of crude oil around the world. Also, rates also tend to be higher when production of crude oil is minimized.
- Regional Markets: Not only are there world wide influences to heating oil costs but there are also local area variables that factor into the equation. Certain factors such as the local market are figured out by the number of oil service providers that you have in your region. Another factor is if you live remotely.
Conclusion:
It is always encouraged to identify what works best for you. Some property owners or renters have a preference to take a bargain on market prices. However, this does not allow for financial planning and you will just have to reserve the financial resources in hopes that it will be enough to cover home heating expenses during the cold weather. Otherwise, a fixed, capped, or pre-buy plan is what meets your needs. Most choose to understand what they are getting involved in prior to the possibility of a challenging and pricey winter season.
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