United States and Canada
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 conform to their own respective ASTM standards. Heating oil is widely used in parts of the United States and Canada where natural gas is not available and propane is priced higher. Where other fuels are not available, it is sometimes referred to as the unit cost per unit (BTU=British thermal unit or BTUH / h per hour), and can be less than other fuels.
The heating oil futures contract trades in units of 1,000 barrels (160 m3) with a minimum fluctuation of $0.0001 per gallon and (for the USA) is based on delivery in the New York harbor.
Heating oil is mostly used in the northeastern United States, with the majority of that heating oil coming from Irving Oil's refinery located in Saint John, New Brunswick. This refinery also happens to be the largest oil refinery in Canada.
Read more about this topic: Heating Oil
Famous quotes containing the words united states, united, states and/or canada:
“Yesterday, December 7, 1941Ma date that will live in infamy—the United States of America was suddenly and deliberately attacked by naval and air forces of the Empire of Japan.”
—Franklin D. Roosevelt (1882–1945)
“Some of the offers that have come to me would never have come if I had not been President. That means these people are trying to hire not Calvin Coolidge, but a former President of the United States. I can’t make that kind of use of the office.... I can’t do anything that might take away from the Presidency any of its dignity, or any of the faith people have in it.”
—Calvin Coolidge (1872–1933)
“Courage, then, for the end draws near! A few more years of persistent, faithful work and the women of the United States will be recognized as the legal equals of men.”
—Mary A. Livermore (1821–1905)
“This universal exhibition in Canada of the tools and sinews of war reminded me of the keeper of a menagerie showing his animals’ claws. It was the English leopard showing his claws.”
—Henry David Thoreau (1817–1862)