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Posted: November 13, 2023

What Determines the Cost of Heating Oil?

Global and local factors affecting Massachusetts energy prices

heating oil prices Fayville, ma At Medway Oil & Propane, we appreciate that every dollar counts to our customers. And the last few years have not been kind to home budgets. In the grocery aisle, at the gas pump and on your monthly energy bills, prices have been going up more often than down.

We think the households we serve in Acton, Framingham, Sutton and other communities deserve to know why their heating oil delivery costs what it does. Here are the variables that affect heating oil prices in Eastern Massachusetts — and a few ways we can help stabilize your bills.

What Heating Oil Is

To understand why heating oil costs what it does, we first need to know what this fuel is. Traditional heating oil comes from crude oil. A comparable product to heating oil is off-road diesel fuel. When the burner in your furnace or boiler burns heating oil, it turns it into mist and heats it to an extremely high temperature so it can combust.

At Medway Oil & Propane, we are proud to deliver Bioheat® fuel. This eco-friendly fuel is a blend of ultra-low-sulfur heating oil and biodiesel made from recycled and organic ingredients like cooking oil, inedible corn oil, animal fats and even algae. Bioheat fuel burns cleaner, which is great for the planet and the longevity of your heating equipment.

Factors Affecting Heating Oil Prices

These factors can impact what heating oil costs:

Contact the Medway Oil & Propane team to learn more!