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Wouhob t1_j21lz0w wrote

Yupp. Approved in September by NJ BPU. 30% increase appx. Was at .49 per thermal now about .73 per thermal.

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Practical_Argument50 t1_j21wmzh wrote

A Therm roughly equals one gallon of fuel oil. $.73 is still much cheaper.

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Wouhob t1_j23ell7 wrote

Yeah, but we are talking about natural gas prices noting about home heating oil. I have no use for #2 fuel oil.

1 thermal is 100,000 btu, fuel oil has 130,000 BTU or so per gallon. Fuel oil punches a little more punch pound for pound. Generators get derated with the same block running on natural gas compared to fuel oil.

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Practical_Argument50 t1_j25byhh wrote

Another thing to consider. Fuel oil is priced with delivery included. The .49 - .73 is just the cost for the fuel. Distribution plus other fees brings my cost to about $1.72 a therm. That is the number that should be used to compare to Heating oil or Propane. What would be interesting would be the cost comparison for electric heating.

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big_top_hat t1_j266npv wrote

Electric would be about $4.06 per therm equivalent.

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