Heating oil, also known as No. 2 Fuel Oil, has been used to heat homes since the invention of the oil burner in the 1920s. Since then, it has remained a popular option for millions of Americans in regions with freezing, snowy winters.
You’re relaxing in your toasty living room on a frigid mid-winter night. Temperatures outside are sub-zero, but you’re nice and warm in your well-heated surroundings. Then, your heater stops. Your stomach drops — what now? You start to panic when you realize you don’t know what to do if you ran out of fuel or heating oil. How will you survive the cold? How will you keep your family warm?
Heating oil customers throughout New England and the Mid Atlantic are bombarded with offers from heating oil suppliers to lock in their price for the winter either through a price “cap” or a fixed price plan. While on the surface these offers can be appealing, they are really a marketing and retention tool for oil companies that, over the last 10 years, have cost consumers significant amounts of money.
When it comes to heating your home or business, few factors are more important in the long run than which type of tank you choose to use. There are tanks that rest above the ground or those that are buried below it, as well as tanks left outdoors and those kept indoors.