Apples and Apples. Oil Heat is more efficient.

  • Heating Oil contains 138,690 BTU's per gallon.
  • Natural Gas has 100,000 BTU's per therm. It takes 1.4 therms to equal the heat content of one gallon of heating oil.
  • Kerosene has 131,890 BTU's per gallon; 1.05 gallons equals the heat content of one gallon of heating oil.
  • Propane has 91,500 BTU's per gallon; 1.52 gallons equals the heat of one gallon of heating oil.
  • Electricity has 3,413 BTU's per kilowatt hour (kwh); 40.6 kwh equals the heat content of a gallon of heating oil. Energy prices can vary widely across the country.

Report: Heating Oil Prices Continue To Be Lower Than Natural Gas

Heating oil prices have been significantly lower than natural gas for 10 of the last 12 years. The report is an update to the fuel-price comparison report prepared by the Oilheat Manufacturers Association of 2003, comparing data published by the U.S. Department of Energy.

- The average price of natural gas over the last 15 years was $1.17 per gallon equivalent, while home heating oil averaged $1.03 per gallon. Oil was 12% lower.

- The average price of natural gas over the last 10 years was $1.26 per gallon equivalent, while home heating oil averaged $1.06 per gallon. Oil was 16% lower.

- The average price of natural gas over the last 5 years was $1.41 per gallon equivalent, while home heating oil averaged $1.19 per gallon. Oil was 16% lower. Oil heat ...safe, comfortable, and cheaper.