New Yorkers dealing with rise in heating oil prices – spectrumlocalnews.com

New Yorkers dealing with rise in heating oil prices  spectrumlocalnews.com

New data shows this is shaping up to be one of the more expensive heating seasons in years for consumers. ROCHESTER, N.Y. — New Yorkers heating their homes with oil can expect to pay a lot more this winter. The average price for a gallon is up 66% compared to last year. Nathan Blowers works at Triple-O Heating, Cooling, Electrical & Plumbing. He recently sent an email to his team, breaking down the increase in fuel oil prices and customers should expect. “I didn’t expect it to jump as much as it did,” said Blowers. According to the New York State Energy Research and Development Authority, the price of home heating oil is more than double this year compared to last.

Currently, the price of heating oil at around $6 a gallon. Compare that to propane at just $3 a gallon. As an HVAC service manager, Blowers says he’s starting to get questions from homeowners. “The average cost is at a point where we can make a good comparison to see if switching to a different fuel, say propane or natural gas, is a better value for you," said Blowers. George Conboy, chairman of Brighton Securities, a financial services firm, says that while there have been drops in oil prices in previous weeks, he doesn’t expect it to continue. “I