Statistics Of Heating oil Consumption In Long Island, New york
According to the US census that was carried out back in 2000, about 39% of all households in Long Island make use of heating oil. Also, heating oil is used in approximately half of the homes.
In recent times, the legislative arm of New york has set new regulations to control home heating oil companies in long island concerning the use of bio-heat. It should not only be recyclable but also friendly to the external environment. Since 2010, a regulatory law was passed that requires heating oil to have at least 2% of bio-fuel. However, the percentage was raised in 2013 such that heating oil must contain a minimum of 5% bio-fuel.
Still, other laws on oil tank lines that are used to pass oil to the furnace or the burner have been enacted. One of the requirements is that all oil tank lines placed on the ground must have a safety valve as well as a non metallic valve. In case you are not sure about the condition of your lines, we shall be glad to attend to your needs. Moreover, insurance companies will have to cover losses which arise from spilling of heating oil. The insurance cover is very subsidized and costs about $20 per annum though it is not mandatory for homesteads to have it.
Why Is Heating Oil Your Number One Choice?
According to the available statistics from US Energy Information Administration, heating oil was an efficient heat supplier than utility gas for almost two decades (1988-2007). It had a better value for 19 years which represents 95% of the total period. The good news even is that the new heating oil uses less fuel. This can be supported by statistics which show that the mean annual consumption of the fuel in 1973 was 1,294 gallons but nowadays, only 833 gallons is being consumed yearly. This shows that there is a drastic decrease of fuel consumption by about 35%. A 25 year comparison of the costs of oil and natural gas has revealed that the prices of these two energy sources have been varying although with time, they will almost equal each other. Thus, sooner than later, home heating oil prices for long island will be accessible to everyone.
Does Heating Oil Experience Any Shortages?
No, In case of any shortage or breakdown in the supply or delivery of heating oil, the Northeast heating oil reserve has about two million barrels in Rhode island, New Jersey and Connecticut which only requires presidential authorization to be released. Also, about 727 million barrels are stored in the US Strategic petroleum reserve for emergency purposes. Therefore, the best heating oil prices in long island are guaranteed to everyone due to continuous supply of heating oil.