Difference between revisions of "Heating oil"
(Updating for "Add a listing" purposes) |
(Spacing) |
||
| Line 10: | Line 10: | ||
[[Image:Heating_oil_tanker_truck.jpg|right|thumb|200px|A tanker truck refilling a residential heating oil customer's home]] Heating oil, also known as ''No. 2 fuel oil'', accounts for about 25% of the yield of a barrel of [[crude oil]], the second-largest "cut" after gasoline. <ref>{{cite web|url=http://www.nymex.com/ho_pre_agree.aspx| title=NYMEX.com: Heating Oil|date=[[2006]]|accessdate=2006-12-21}}</ref> | [[Image:Heating_oil_tanker_truck.jpg|right|thumb|200px|A tanker truck refilling a residential heating oil customer's home]] Heating oil, also known as ''No. 2 fuel oil'', accounts for about 25% of the yield of a barrel of [[crude oil]], the second-largest "cut" after gasoline. <ref>{{cite web|url=http://www.nymex.com/ho_pre_agree.aspx| title=NYMEX.com: Heating Oil|date=[[2006]]|accessdate=2006-12-21}}</ref> | ||
| + | |||
| + | <br> <!-- This is how you force a simple line break. --> | ||
==Market info== | ==Market info== | ||
| Line 18: | Line 20: | ||
Heating oil futures contracts trade in units of 42,000 gallons, which is the equivalent of 1,000 barrels. Prices are based on delivery in [[Directory:New York, New York|New York City]] harbor, the principal cash market trading center. The heating oil futures contract is also used to hedge diesel fuel and jet fuel, both of which trade in the cash market at an often stable premium to heating oil futures. | Heating oil futures contracts trade in units of 42,000 gallons, which is the equivalent of 1,000 barrels. Prices are based on delivery in [[Directory:New York, New York|New York City]] harbor, the principal cash market trading center. The heating oil futures contract is also used to hedge diesel fuel and jet fuel, both of which trade in the cash market at an often stable premium to heating oil futures. | ||
| + | |||
| + | <!-- This is where the footnotes show up; in this case, in a two-column layout. --> | ||
==References== | ==References== | ||
| Line 24: | Line 28: | ||
</div> | </div> | ||
| − | |||
==See also== | ==See also== | ||
Revision as of 06:11, 5 January 2007
Heating oil is used to fuel furnaces within buildings. It is usually dyed to distinguish it from taxed vehicle fuel. Typically, delivery is by tanker truck to individual homes and commercial spaces, and the oil is stored in oil tanks in the basement or outside, next to the building. Leaks in older facilities are an environmental concern.
Heating oil, also known as No. 2 fuel oil, accounts for about 25% of the yield of a barrel of crude oil, the second-largest "cut" after gasoline. [1]
Market info
Among distillate fuels, the trend in recent years has seen the proportional demand for heating oil decreasing, as usage of liquified petroleum gas (LPG) has increased. [2]
Heating oil futures contracts trade in units of 42,000 gallons, which is the equivalent of 1,000 barrels. Prices are based on delivery in New York City harbor, the principal cash market trading center. The heating oil futures contract is also used to hedge diesel fuel and jet fuel, both of which trade in the cash market at an often stable premium to heating oil futures.
References
- ^ <templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>"NYMEX.com: Heating Oil". 2006. Retrieved 2006-12-21. Check date values in:
|date=(help) - ^ Template:Citation/core
See also
<adsense> google_ad_client = 'pub-4781341637005814'; google_ad_width = 468; google_ad_height = 60; google_ad_format = '468x60_as'; google_ad_type = 'text_image';//2006-12-28: Centiare Directory space google_ad_channel = '2388332058'; google_color_border = '6699CC'; google_color_bg = '003366'; google_color_link = 'FFFFFF'; google_color_text = 'AECCEB'; google_color_url = 'AECCEB'; </adsense>
