Factors That Influence Bio Heating Oil Prices in New York, NY

by | Aug 3, 2022 | Heating Oil Supplier

If you’re like most people, you probably think of oil as something that goes in your car. But did you know that there’s a type of oil that can be used to heat your home? It’s called bio heating oil, and it’s made from renewable sources like plant oils and animal fats.

Bio heating oil is a great alternative to traditional fossil fuels like natural gas and propane. Not only is it more environmentally friendly, but it can also save you money on your energy bills. In fact, the price of bio heating oil remains steadily below the price of alternatives like kerosene, making it an increasingly attractive option for homeowners in New York, NY.

There are a few factors that influence the price of bio heating oil. The first is the cost of crude oil, which is the major input in the production of biofuels. Crude oil prices are highly volatile, so the price of bio heating oil can fluctuate along with them.

Another factor that affects the price of bio heating oil is the federal Renewable Fuel Standard (RFS), which requires a certain percentage of transportation fuel to be derived from renewable sources like biofuels. The RFS has had a significant impact on the price of bio heating oil, as it has helped to create demand for the product.

Finally, local factors like weather can also influence the price of bio heating oil. Cold winters tend to drive up demand for home heating products like biofuels, while warm summers can lead to lower prices.

If you’re looking for a more affordable way to heat your home, bio heating oil is definitely worth considering. With its low price and environmental benefits, it’s no wonder that this alternative fuel is gaining popularity in New York NY.

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