Research and Evaluation: Fuel Oil Prices

Millions of consumers rely on fuel oil for heating their households. This is primarily in the Northern and Midwest States of America. This is due to the lack of available natural gas production and storage capabilities in those regions. Making it much easier and less expensive for companies to provide this distilled product of crude oil, rather than build and maintain transmission pipelines for natural gas. Additionally, fuel oil is a by-product of refining other hydrocarbon-based products into lubricants rather than gasoline. …