This factoid comes from the Fall 2010 issue of Northeast Sun from the Northeast Sustainable Energy Association.
As a region, the Northeast is highly reliant on heating oil. The region consumes 80.3% of all the heating oil in the US. In fact, each year the Northeast consumes about 5.5 billion gallons per year of heating oil. At a price of $2.75
per gallon, this equals about $15 billion per year that is spent on heating oil, of which 78% of this money leaves the region.
Ouch. For those of you that are newer to the bio-thermal industry, this begins to explain the interest from many northeast homeowners and businesses in moving toward renewable energy alternatives.
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