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Absolute Mechanical performs oil to gas conversions in association with National Grid and Con Edison. We can perform these conversions any time of the year without interrupting the customer's heat and hot water usage.

 

Absolute Mechanical will also remove standard size oil tanks and boilers which means the customer has one less thing to worry about.

 

Natural Gas vs Oil - March 2011

The cost to heat a Single Family Home with Natural Gas is now $1.43/ THERM. IF YOU WERE TO USE THE SAME AMOUNT OF HEAT USING OIL, YOU WOULD BE PAYING: $2.00/Gallon 


If you are paying more than that- call us!

 

From The New York Times, “Two Directions for the Prices of Natural Gas and Oil”, Friday, February 25, 2011

 

“…while natural gas and oil can sometimes be used as substitute fuels, for the most part they are two different markets. One is global, while the other is continental. And that can make all the difference. In mid-December 2008… oil and gas prices neared parity. But since then, OIL PRICES HAVE RISEN BY ABOUT 175 PERCENT, … WHILE GAS PRICES
ARE DOWN BY MORE THAN 25 PERCENT.”

 

From the New York Daily News "BizNews"  - Wednesday, October 13, 2010

The Associated Press

Even spendthrift New Yorkers can feel free to crank up the heat this winter.

The price of natural gas - the fuel that supplies 70% of the nation's heat - is relatively low for the second year in a row.

 

Those who rely on heating oil, however, may need to bundle up.  Unlike natural gas, crude prices have risen sharply from their recession lows, pushing up the price of heating oil 16% over last year.

Energy prices rose sharply in the years leading up to the financial crisis, then collapsed with the downturn.  Even as the economy has started to recover, natural gas prices have stayed low because supplies are ample and growing.

 

Last winter, the nationwide average cost to heat a home from November to March was $978, down 6% from the previous winter, according to the National Energy Assistance Directors' Association.

Experts predict that won't change much this year.  They said natural gas and electricity prices will stay steady even if the weather turns colder than expected.

 

"We are so well supplied that it's less likely there will be a spike," said Ed Morse, head of commodities research at Credit Suisse.

 

But heating oil, which accounts for 17% of home heating, mostly in the Northeast, is another matter.

Crude prices have risen because traders expect increasing demand from Asia and because the U.S. dollar has slumped.  A weaker dollar makes oil, which is priced in dollars, look cheaper to overseas buyers.

 

The average retail price for heating oil is about $2.93 per gallon, according to the U.S. Energy Information Administration, 41 cents above prices last year at this time.  Early October is typically when oil prices are highest during the year, so analysts expect them to gradually fall as winter wanes.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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