The price of heating oil for a house depends on several factors, including the cost of crude oil, seasonal demand for heating oil, the location of a home and the number of heating oil suppliers in an area. Often, the price of heating oil increases as demand increases, usually during the winter months. The weather, political situations and other events can influence the price of crude oil, causing it to spike during some years and fall during different years.
One way to manage the ups and downs of the cost of heating oil for your home is to sign up for a budget payment plan, which splits the cost of your home’s oil into low monthly payments.