Residential fuel comparisons


Typical annual costs of home appliances

Average cost comparison based on:

  • 83.26 cents per therm of natural gas (does not include a 33-cent-per-day facilities charge)
  • $1.74 per gallon of LP
  • $2.81 per gallon #2 fuel oil
  • 13.16 cents per kilowatt-hour of electricity
Natural gas (without pilot) Fuel oil LP (without pilot) Electric
Home heating
home heating chart based on 580 heating therms: natural gas without pilot $482.92; fuel oil $1,165.35; LP without pilot $1,102.01; electric $2,235.54
Based on 580 heating therms
Water heater
water heater chart based on 140 heating therms: natural gas without pilot $116.57; fuel oil $281.29; LP without pilot $266.00; electric $539.61
Based on 140 heating therms
Range
range chart based on 40 heating therms: natural gas without pilot $33.30; LP without pilot $76.00; electric $154.18
Based on 40 heating therms
Clothes dryer
clothes dryer chart based on 40 heating therms: natural gas without pilot $33.30; LP without pilot $76.00; electric $154.18
Based on 40 heating therms

Depending on your current fuel source, you may have service and storage fees for other fuels or fuel providers.

Fuel type Annual fuel costs Average life Lifetime fuel costs Lifetime fuel cost difference
Natural Gas $482.92 x 20 years =   $9,658.31 n/a
#2 Oil $1,165.35 x 20 years =  $23,307.02 $13,648.72
LP $1,102.01 x 20 years =  $22,040.21 $12,381.91
Electricity $2,235.54 x 20 years =  $44,710.81 $35,052.51