Thursday, July 31, 2008

Congratulating myself on my Good Fortune

Interesting article in today's Seattle Times - "Heating-oil customers facing difficult choices are eyeing other energy sources"

We "faced difficult choices" in early 2007, and bit off the pricey conversion cost to natural gas. And in December of 2007, I calculated that the conversion would pay for itself in 4 years. But that was at the now reasonable-seeming cost of 3.65/gallon.

The article points out that oil prices now fluctuate between 4.38 and 4.79/gallon. If I assume $4.50, that would mean $1328 to fill up my old oil tank!! Now, we are saving 75% on fuel bills, and the conversion will take 3.1 years at these rates to pay for itself.

This must be how my friend who bought a Prius 2 years ago feels.

No comments: