Oct 29, 2015 9:41 AM
CONCORD - With home heating oil a dollar cheaper than last year's prices and wood costs on the rise, what is the cheapest way to heat your home this winter?
According to the New Hampshire Office of Energy and Planning natural gas is still the cheapest, but many homeowners don't have the luxury of gas on their street.
The next most affordable option is wood pellets followed closely by cord wood, but, both have gone up in price this year, for reasons like fracking, according to experts. Users can expect to pay between $50-$100 more for a ton of pellets or a cord or wood this year.
And oil prices continue to drop so what does that mean for heating your home? The average in New Hampshire right now for home heating oil is at $1.93; this makes the difference between heating with wood and heating with oil a whole lot closer then its been in recent history.
What price would oil need to be for it to actually be cheaper in the state than wood? If oil falls to $1.72, that would make it cheaper than wood this winter.
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