Based on the data from 2022/23’s heating season, choosing pellets over oil would save you nearly $3,000!
Daily Fuel Cost Comparison*
(Average Cost per Unit) x (Number of Units per Season) / 182
Oil = $24/day
Pellets = $7.69/day
Cost Comparison by Heat Output*
(Fuel Cost per Unit) / (Heat Content per Unit) x 1,000,000
Oil = $35 per million BTUs
Pellets = $20 per million BTUs
*All calculations are based on the following:
- Oil has 138,500 BTUs per gallon at an average of $4.80/gallon with an average use of 910 gallons in a heating season
- Pellets have 17,200,000 BTUs per ton at an average of $350/ton with an average use of 4 tons in a heating season
- There are 182 days in a heating season
