This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

These Home-Heating Options Go Beyond Oil

Just because summer isn't over, it's not too early to start thinking about how you're going to stay warm this winter.

For those of you heating your homes with oil, it might be time to take a look at alternative heating methods. Is it time to switch to another fossil fuel, such as natural gas or propane? Will a wood-pellet furnace give your wallet (and the planet) a break? Or is geothermal the way to go?

To figure that out, take a look at what a winter with heating oil would look like.

Say you use 1,000 gallons of oil to heat your home. Given the current price above $4 a gallon for No. 2 oil, this year's bill would be more than $5,000. What's more, heating your home will send more than 28,000 pounds of carbon dioxide into the atmosphere.

You could huddle by a wood stove all winter, but there are other ways to heat an entire house that are cheaper and less carbon-heavy.

Natural Gas and Propane

Natural gas burns more cleanly than oil, releasing just over 19,000 pounds of carbon dioxide to produce the same amount of heat as 1,000 gallons of oil. And natural gas is currently cheaper than oil, costing about $2,600 to heat a home at today's rates.

Propane is a byproduct of petroleum refining and natural gas processing. Heating with it would cost about the same as heating with oil. Per gallon, propane is cheaper ($3 a gallon), but it is less efficient than natural gas or oil. To heat that same house with propane would cost more than $5,300, and it would release about 22,000 pounds of carbon dioxide to the atmosphere.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.24 1.30%
FB $99.80 -4.10%
GOOG $683.10 -0.07%
TSLA $148.02 -9.00%
YHOO $27.05 -3.30%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs