Propane vs Oil Heat Cost Calculator
Here’s a comprehensive comparison table of propane vs oil heat costs, covering all you need to know:
| Factor | Propane | Heating Oil |
|---|---|---|
| Current Price per Gallon | $3.28 | $2.10 |
| Energy Output (BTU/gallon) | 91,000 | 137,000 |
| Efficiency (%) | 98% | 90% |
| Effective Cost per BTU | $0.000036 | $0.000015 |
| Environmental Impact | Lower emissions, clean-burning | Higher emissions |
| Maintenance | Lower requirements | Higher requirements |
| System Efficiency | Up to 98% | Up to 90% |
| Versatility | Can be used for various appliances | Limited to heating |
| Storage | Requires on-site tank | Requires on-site tank |
| Safety Concerns | Potential gas leaks | Potential oil spills |
| Availability | More common in rural areas | More common in Northeast |
| Price Stability | Generally more stable | More volatile |
| Initial Installation Cost | Generally lower | Generally higher |
| Long-term Cost Projection | Potentially lower due to efficiency | May be higher due to price volatility |
Key Takeaways
- Cost Efficiency: While propane has a higher current price per gallon, its higher efficiency (98% vs 90%) makes it more cost-effective per BTU.
- Energy Output: Heating oil provides more BTUs per gallon (137,000 vs 91,000), potentially making it more suitable for larger homes or colder climates1.
- Environmental Impact: Propane is cleaner-burning with lower emissions, making it a more environmentally friendly option1.
- Maintenance: Propane systems generally require less maintenance, which can lead to lower long-term costs14.
- Versatility: Propane can be used for various appliances beyond heating, offering more utility1.
- Market Trends: As of 2024, heating oil prices have been declining, with the current price at $2.10 per gallon, down from $2.68 in 20233.
- Geographic Considerations: Availability and infrastructure for each fuel type can vary by region, affecting both cost and practicality1.
When choosing between propane and oil heat, consider your home’s size, location, existing infrastructure, and long-term cost projections. While propane offers higher efficiency and environmental benefits, heating oil’s higher BTU output may be advantageous in certain situations. Always consult with local suppliers and heating professionals to make the best decision for your specific circumstances.