The first modern oil furnace with a high-voltage system for self lighting was unveiled in 1918. By the mid-1920s, demand for ...

Heating oil, a derivative of crude oil, is commonly used in oil-burning furnaces or boilers. It’s stored in large tanks, typically located on the property, and used as needed during colder months .

Today’s higher prices are nearly unmatched as the last time heating oil prices climbed above $4 a gallon was in February and March 2014, when a gallon of heating oil fluctuated at just under $4. ...

U.S. oil producers need prices above $60 per barrel to profitably drill a new well, said Rice University's Mark Finley. Prices fell to $60 this week. Joe Raedle/Getty Images ...

Pennsylvania homeowners who use heating oil could see their bills increase 45% this winter due to higher prices and colder temperatures. The U.S. Energy Information Administration said this month ...

TotalEnergies’ commodity price sensitivity analysis for 2025 revealed that in a $70- $80 per barrel Brent environment, every drop in oil prices by $10 per barrel is estimated to reduce adjusted ...

Home heating oil prices have more than doubled since a 2000s-era low of $2.06 in the winter of 2015/2016, according to Statista. In early November 2022, the average national price sat at $5.902 ...

The American economy faces the unwelcome prospect of reignited inflation after the United States launched strikes on three ...

The price of both furnace oil and diesel took big jumps on P.E.I. Tuesday. In an unscheduled change, the price of furnace oil rose 22.5 cents per litre, or about 11 per cent.

The sky-high price of home heating oil is prompting homeowners to transition away from burning gas and burn firewood instead. Amy Mocarsky says she made the change after discovering a transition ...

As heating costs soar, Mainers worry about the price of warmth Oil costs are at record highs, electricity rates are increasing and temperatures are dropping. The result could be a crisis for Maine ...