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Heating oil produces 138,500 British thermal units per US gallon (38.6 MJ/l) and weighs 8.2 pounds per US gallon (0.95 kg/l). Number 2 fuel oil has a flash point of 52 Â°C (126 Â°F). Most heating oil products are chemically very similar to diesel fuel used as motor fuel.
The key thing worldwide is that we've seen an increase in production in the U.S. and a decrease in demand, he said. The average household used about 600 gallons of heating oil last winter. At that time, the average price of heating oil was $3.88 per gallon, which amounts to $2,354 per year, he said.If the price stays at $3.15, the average household could save about $464.n the past month, residential heating oil costs in the state have dropped 8.9 percent to just over $3.15 per gallon, excluding taxes. Prices haven't been this low since fall 2010, according to the federal Energy Information Administration website.