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. ...

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 ...