Shivering so hard you can barely hold your hand still enough to adjust the thermostat, you attempt to gently nudge it down, but your trembling hand bumps it up sending you into a mad panic envisioning the money you’ve just spent. If your home is heated by oil, then you are probably familiar with this scene. Have you found yourself wondering how much natural gas costs a month?
Sitting and watching the news at night, you’re probably familiar with the commercial that features a man wearing a shirt emblazoned with “Propane” across his chest. There are a number of versions, all involving his run-in with “Electricity” who is bored because “Propane” is taking over all of the energy needs for the family. Has it left you wondering if natural gas is a good option for your family? The biggest question that you will need to answer is, “how much does natural gas cost a month?” According to the Energy Information Administration’s most recent release of prices, natural gas cost a resident $12.46 per thousand cubic feet in February. To put it in perspective, electricity cost $8.90 per thousand cubic feet for the same month.
On the other hand, if you have oil heating your home, it may be worth looking at how much natural gas costs each month. For example, according to an article in the Rhode Island News, the cost of heating a home with oil over the course of a year would be $2,679. A natural gas home, expending the same amount of energy as the oil home, would cost $1,615 over the course of a year. So for those subject to the constantly climbing price of the oil market, converting to natural gas may put money back in your pocket.
So how much does natural gas cost a month? It costs more than electricity (for now) and less than oil. If you’re using oil to heat your house, it’s time switch so that you can pack away the sweaters and turn the thermostats up, now that you know the monthly cost of natural gas.