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#2 Heating oil price, 1986–2022 Kerosene inventory stock levels (United States), 1993–2022. Heating oil is known in the United States as No. 2 heating oil. In the U.S., it must conform to ASTM standard D396. Diesel and kerosene, while often confused as being similar or identical, must each conform to their respective ASTM standards. [3]
Number 5 fuel oil is a residual-type industrial heating oil requiring preheating to 77–104 °C (171–219 °F) for proper atomization at the burners. [8] It may be obtained from the heavy gas oil cut, [7] or it may be a blend of residual oil with enough number 2 oil to adjust viscosity until it can be pumped without preheating. [8]
In 1986, the company acquired their Greenpoint terminal, which put them into the wholesale business. Today, the company also has a delivery and fleet-fueling business as well as a natural gas business. United Metro Energy provides any heating fuel except propane, which is restricted in New York City. [1]
May 3—Heating oil prices neared another unprecedented threshold of $6 per gallon in southern Maine on Monday, despite the warmer temperatures and the ongoing release of U.S. oil reserves. Bill ...
Pipelines are used to transport oil from wells to refineries and storage facilities, and are viewed as the most cost efficient way to move oil on land. [3] Pipelines have also been found to be the safest mode of transport for oil, with one study finding an incidence rate of just 0.58 incidents per billion-ton miles. [4]
The term "fiscal metering" is often interchanged with custody transfer, and refers to metering that is a point of a commercial transaction such as when a change in ownership takes place. Custody transfer takes place any time fluids are passed from the possession of one party to another. [2]