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No, you shouldn’t leave a gas line uncapped because it can allow gas to escape into your environment, which can lead to fires, explosions, and health hazards. That’s why it’s critical to properly cap and seal any unused gas lines as soon as you can. If you’re not comfortable with that, you can always call a licensed plumber to safely handle it for you. 

The effect a gas fireplace has on your gas bill will depend on how often you use it, the size of the rooms you’re heating with it, and the BTUs of the fireplace itself, but generally speaking, it should only cost a few cents an hour to run it when it’s on. It will consume minimal energy when it’s “off” if you have a pilot light running constantly, but some modern gas fireplaces don’t require a constant pilot light.

Yes, it can be worth installing a gas fireplace, depending on your home heating needs. The cost to install a gas fireplace can be much lower than the cost to install a comparable wood-burning fireplace. The convenience of starting a fire with the flip of a switch and turning it off just as quickly makes a gas fireplace a big time saver over starting and maintaining a wood-fueled fire. A gas fireplace also does not require ash cleanup or frequent chimney cleaning to remove creosote and other buildup that can lead to chimney fires. Gas fireplaces burn and heat much more cleanly than wood fireplaces.

Yes, it’s possible to convert an oil furnace to gas. However, you may have to replace the furnace completely instead of simply converting it. If the original oil furnace has had any type of damage or is older (typically considered over 15 years old), then you will likely need a full replacement versus a conversion.