What Influences the Cost of Heating Oil?

Written on: October 23, 2023

heating oil massachusettsAre you the one managing your family’s finances? If you are then you keep an eye on the price of things and it’s hard not to notice when things get more expensive. And that’s been the case for a lot of the things you need for your New England home lately. Supply and demand along with some other factors affect how much everything costs. That includes the cost of heating oil. It helps to understand the factors affecting the price you pay for heating oil. Keep reading to find out what they are.

The Heating Oil Market

The heating oil you use in your Massachusetts or New Hampshire home is like any other commodity. There are a number of variables that influence how much it costs from day to day, week to week, or month to month. Let’s take a look at some of those factors so that you’ll have a better understanding of why you sometimes notice price fluctuations on your monthly bills.

Here are some of the factors that determine the cost of heating oil:

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