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The cost of oil for home heating has already gone up for this winter. The cost is set and will more than likely not be reduced even though the price of oil has dropped from nearly $147 this past summer to $67 today. The OPEC nations are set to announce that they will cut production which will no doubt be followed by a significant jump in oil prices beginning next week. It would appear that the rumors were true that the oil prices were based purely on speculation and as soon the stock market began to drop dramatically so did the price of oil.

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The cost of heating will remain the same or go even higher this coming winter. There is no indication that oil heating cost will drop dramatically. After 1 year of testing, FuelReducer is now offering a FuelReducer for oil heating furnaces. The FuelEjector was tested on several private home and an apartment building. The test for the 20 unit apartment building was carried out by a heating service technician. The technician reports that the FuelEjector saved 25% on oil heating fuel. No negative effects were reported. No heating of the oil or pump and no added stress to the pump. So if you heat your home or business with oil the FuelEjector is now on sale. Installation is very easy. Your licensed heating service technician can install one on your oil furnace without cutting. All that is required to install is an adjustable wrench and once installation is complete the technician will bleed the line. Order your FuelEjector today and save 25% on your oil heating fuel bill this winter.

WASHINGTON, Oct. 7, 2008 (Reuters) — Average household heating fuel costs this winter will be 15 percent higher than last year, with heating oil and natural gas users taking the biggest hit due to more expensive crude oil and colder weather than last winter, the government’s top energy forecasting agency said Tuesday.

Heating oil bills for the heating season, which runs from October through March, will be up 23 percent at $2,388. The retail price for heating oil should be $3.89 a gallon, up from $3.31 last winter.

In Halifax Nova Scotia Canada a report stated that even taking advantage of the price cap most companies offer - the max was roughly 85 cents a litre last winter - home-heating oil prices will be unaffordable to some. Experts suggest the cap this fall could be somewhere in the $1.30-a-litre range.