FICTION: Everything above the wholesale cost
is the dealer's "profit margin."
FACT: They call it their "margin," but it certainly isn't
their profit. Your heating oil dollar goes towards taxes, wages,
general overhead, insurance, truck maintenance, the wholesale cost of
oil, and yes, profit - which allows your dealer to be there for you!
FICTION: You would save money if you converted to another
fuel.
FACT: Over the last five years, oil has been a better value
than natural gas and electricity. Because heating fuels are measured
differently (in gallons, therms and kilowatt hours), the way to
compare prices is to look at how much it costs each one to produce a
certain amount of heat. This is measured in dollars per million BTUs.
Heating oil is the clear winner. (Source: U.S. Department of Energy,
Facility Energy Services.)
FICTION: Heating oil is expensive.
FACT: Over the last 10 years, heating oil prices have dropped
18%. Prices of other consumer items have risen steadily. When
adjusted for inflation, heating oil is actually cheaper than it was
before the first embargo in 1973. Predictions for crude supplies
indicate that low prices are likely to continue.
 Safety and Consumer Information (Cont.)Fact or Fiction |