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moneymgmt 06-18-2007 10:36 AM

Oil burning forced air furnace.... good bad or ugly?
Looking at buying a home in Northern Minnesota where it gets a bit brisk in the winter (below zero quite often). The furnace is forced air and oil fired; honestly I haven't seen oil fired in a while. Back where I'm from natural gas is what everyone uses but here it isn't an option. We did rent a house in college with and oil furnace and I remember trying to live on the brink of freezing because it cost to much to fill the tank. Does anyone have any feedback on oil furnaces or oil prices these days? I'm worried about current oil costs and longevity of the furnace itself. Any words of wisdom are appreciated!

NateHanson 06-19-2007 06:39 AM

In the northeast oil furnaces are about as common as gas. Much more common than gas in rural areas.

There's no concerns about longevity, and prices seem to be fairly equivalent.

I've not seen an oil-fired FHA furnace though. I can't comment on that specifically.

You need to have oil burners cleaned each year for about $100.

bigMikeB 06-20-2007 11:01 PM

Oil fired equipment costs more than gas fired equipment but, it tends to be built better and last longer. Gas is a good no or low maintenance choice but Oil is a hotter buring fuel. A gallon of Oil produces 140,000 btu's compared to a therm of gas at 100,000 btu's.

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