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  $3 heating oil is back!
Nov 1, 2018

According to the State of Maine Energy Office bulletin of November 1, 2018, the average cost of heating oil is $3.02/gallon. It costs $21.78 to generate a million BTU with heating oil.  Propane is $31.53. Pellet heat is $16.24. 

In other words, pellet heat is now 25% cheaper than oil and half the price of propane!

The price of oil has spiked because of uncertainties regarding oil production a number of oil-producing nations, including  Iran and Venezuela. And the U.S. Energy Information Administration predicts that oil pirices will go up another 10% this winter!

Fossil fuel prices fluctuate with world markets. Wood pellets come from right here in Maine, with very little price change. Firms delivering bulk wood pellets to Maine homes have now set their prices for the entire 2018-2019 winter.