The oil price drop has been one of the biggest economic stories of the fall of 2014. Brent crude oil, which is the crude oil benchmark that sets most gasoline and heating oil prices in the United States, has dropped from approximately $110 to $70 from July 2014 to December 2014, or an approximately 36% drop. That is a huge drop for such an economically important commodity that affects pricing and business conditions for practically the entire economy.
Pellet stoves are extremely efficient, produce little waste and use inexpensive fuel, so they've become increasingly popular in the face of rising natural gas and heating oil prices. As the temperatures dip and you put on a sweater, take a look at some
Cheaper Heating Oil Fuels Billions in Savings in Northeast
On top of the broad savings Americans are reaping from cheaper gasoline, plummeting oil prices stand to bring residents in the Northeast billions more in savings this winter when they fill up their home heating-oil tanks.