What Will My Monthly Heating Oil Cost Be This Winter?

What will my monthly heating oil cost be? House in a change purse

Every year, homeowners sit down to plan out their budgets for the coming year, and one of the major expenses every homeowner has is energy. While heating oil is the most cost-effective way to heat your home, you will still need to budget out your monthly heating oil cost. Budgeting for fuel can be tricky because temperatures can fluctuate wildly and there is no way to perfectly gauge temperatures in December when you are sitting down to budget in January! However, there are some ways to predict what your monthly heating oil cost will be this year.

How Much Do You Spend on Heating Oil?

Gather up heating oil bills for as many years as you have them and write down the amount of heating oil that you used each year. Once you get your total heating oil usage for each year, you can divide it by 12 to get an idea of your average monthly heating oil cost. Calculate this data for every year that you have fuel oil bills for to get an idea of what your usage is. Take the time to think about any changes that occurred in any years with a dramatically higher or lower amount of heating oil usage, like a long vacation during the winter or children returning home from college.

How Can You Calculate Your Monthly Heating Oil Cost?

For a more accurate idea of your average monthly heating oil costs, you can grab the temperature data for each month or year that you have oil usage data for. Compare those average temperatures with the anticipated temperatures for the year ahead. For example, if the winter of 2017-18 had consistent temperatures in the 30s and the winter of 2019-20 has a “polar coaster” of temperatures fluctuating from the single digits to the high 20s, you can expect to use more heating oil now.

It’s always better to be on the side of caution when anticipating your fuel usage, particularly if there are snowstorms or frigid temperatures in the forecast for the coming weeks. If you want to lock in the best possible heating oil rates and make budgeting your monthly heating oil cost easy, you should explore the Penn-Mar Oil Company automatic delivery program. Our complimentary automatic delivery service anticipates your heating oil needs so you never need to worry about your levels. Call us today at (717) 276-9621 to enroll.

Don’t Run Out of Heating Oil with Penn-Mar Oil Company

Penn-Mar Oil Company is proud to be the preferred heating oil provider of Pennsylvania and Maryland residents since 1936. We offer high-quality kerosene, heating oil and off-road diesel, all backed up by our exceptional customer service and convenient delivery service. To order heating oil, please call us today at (717) 276-9617 or visit us online.