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Posts Tagged ‘heating Oil Prices in Suffolk NY’

One Factor That May Keep Oil Prices on Long Island Low

Posted on: September 12th, 2016 by Oil Prices
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There is always going to be a question of whether or not fuel oil costs are going to drop, especially as winter approaches, and this year we actually have an answer for you, just in time for the cold season. Bank of America has stated that the rebound in oil prices on Long Island will most likely taper off next year, with Francisco Blanch making the following statement:

“Petroleum demand in OECD (Organization for Economic Co-operation and Development) countries will likely remain a drag on global oil markets next year.”

It is assumed that there will be an increased demand for oil, particularly from OECD, which will cause an increase of 200,000 barrels per day. While this is a short term prediction, the long term prediction includes a projection of 12,000 barrels per day by next year.

Oil Prices on Long Island

Oil Prices on Long Island Affected by Demand

The demand for fuel oil is nothing new, but 2016 has seen that demand at an all-time high. It has been estimated recently that Americans have actually driven a combined three billion miles over the last year, but there are a few factors that will change this, besides the rising cost of fuel. The biggest factor or course is that many of the vehicles on the road are currently in the process of being replaced with more efficient models which puts a rest on the industry as well as the wallets of consumers – it’s definitely good news for everyone involved.

Next Year’s COD Fuel Oil Long Island Prices to Fall Significantly

To say that the fuel oil prices will be affected would be a gross understatement. The International Energy Agency, or IEA estimates that global demand is actually going to slow from 1.4 million barrels to 1.2 million barrels per day in the next year, which will definitely change the asking price for each barrel. In other words, while we are currently operating with a major surplus in the industry, implementation of more fuel efficient solutions is definitely going to drive demand down significantly, which can’t be a bad thing for the end consumer.

Fuel Oil Long Island Prices

A Steady Future for heating Oil Prices in Suffolk NY

There is little doubt that the fuel oil prices in Long Island, particularly COD prices are going to see a significant rise, and it might affect the average home user for a time, but as we said before, it’s going to even out and it’s only going to even out and eventually begin to lower once again as production catches up. We’re going to see some serious changes, and things will definitely fluctuate a bit with the upcoming winter. Now would be a great time to get your tanks refilled and call for COD fuel oil deliver in Long Island before the cold sets in.

Oil Price in Nassau County – Call 516-986-2293

Oil Price in Suffolk County – Call 631-714-2999

Home Heating Oil on Long Island and Diesel Fuel

Posted on: August 31st, 2016 by Oil Prices
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Oil Price in Nassau County – Call 516-986-2293

Oil Price in Suffolk County – Call 631-714-2999

 

There has been some major confusion over the years as to whether or not there is a significant difference between home heating oil on Long Island and diesel fuel. The confusion comes from the fact that you can substitute diesel for home heating oil and seemingly suffer no problems. There are some issues with doing so however which we will get to momentarily. For now, let’s talk about the differences between the two.

 

Understanding the Difference Between Home Heating Oil Long Island and Diesel

Home Heating Oil on Long Island and Diesel Fuel 

Diesel Fuel – Diesel is heavier than standard gasoline and takes on the appearance of oil. One of the properties that people find most memorable is that it is not quick to evaporate, nor it is it as volatile as gasoline. In addition to that it is less expensive than gasoline and therefore commonly used to power:

 

  • Boats
  • Trucks
  • Trains
  • Buses
  • Boats
  • And more

 

There are several variants of diesel, one of which is used for off-road vehicles in the US.

 

Heating Oil – Home heating oil is really just an umbrella term for fuels that can be mixed with heavier oil and ultimately produce more heat while they are burning. Due to their chemical composition that burn hot but burn less, making them far more efficient than their diesel counterpart.

 

Practical Differences Between Heating Oil and Diesel

 

Even if you’re trying to skirt around fuel oil prices in NY, diesel probably isn’t the way to go about it. Home heating oil is slightly higher in BTU content than diesel meaning you’ll have to burn far more diesel fuel in your system to achieve the same amount of heat. In other words while it might work in a punch, you certainly won’t want it for your long term solution. As far as the inverse goes, home heating oil does not have the same lubricating properties as diesel which means it cannot be used for automobiles or large moving equipment. When you’re in the process of choosing home heating oil in Suffolk County NY, make sure that you’re getting the best – there is no substitute.

 

What Is Cetane?

 

The last point that we are going to mention is the cetane factor which is similar to octane in gasoline. In any diesel engine there is a minimum cetane value that must be maintained if the engine is to work properly and it is usually settled on that a 40 cetane ceiling is acceptable, though there are some that require a 45. Understand that the additives used to make diesel engines work properly are NOT good for your furnace. It might work in a pinch, so to speak, but as time goes by you are going to discover that the furnace becomes sluggish, making it even more important to work with today’s oil price and ultimately get the solution you need to keep your house warm.