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United Metro Energy was founded in 1942 by Pauline Pullo to sell home heating oil as a cleaner, more efficient alternative to coal.United Metro Energy remained a small retail operation until in the late 1970s Paul J. and Gene V. Pullo, Pauline's grandsons, took over the company.
The average home using heating oil is projected to pay $1,851 to keep warm, compared to $601 for an average home using natural gas or $1,063 for electricity, the EIA said.
Fuel oils include heavy fuel oil (bunker fuel), marine fuel oil (MFO), furnace oil (FO), gas oil (gasoil), heating oils (such as home heating oil), diesel fuel, and others. The term fuel oil generally includes any liquid fuel that is burned in a furnace or boiler to generate heat ( heating oils ), or used in an engine to generate power (as ...
On July 10, 2000, President of the United States Bill Clinton directed Energy Secretary Bill Richardson to establish a 2,000,000-US-barrel (63,000,000 US gal; 240,000,000 L) home heating oil component of the Strategic Petroleum Reserve in the Northeast. The intent was to create a buffer large enough to allow commercial companies to compensate ...
Oil prices bounced around quite a bit in 2024. They rallied more than 20% at one point -- topping $85 per barrel -- before cooling off toward the end of the year. Oil was recently below $70 a ...
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