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The cost of heating oil fluctuates rapidly based on supply and demand, but the average price is between $4.00 and $4.50 per gallon, which means filling a standard 275-gallon tank would cost between $1,100 and $1,240. Much like automotive gasoline, the price of home heating oil changes constantly, so the only way to get an accurate and current price per gallon is to contact a heating oil delivery company. Some companies also offer contracts with a set price that should be an average cost over the contract term.

The cost-efficiency of baseboard heaters depends on the type and how you use them. Generally, standard electric baseboard heaters can be expensive to run because they use electric resistance heating, which is less energy-efficient than systems like forced-air or heat pumps. However, hydronic and gas versions are typically much cheaper to operate. Hydronic models are more energy-efficient because they heat a liquid that retains warmth longer, preventing the thermostat from turning on and off as often. The overall running cost is also influenced by local electricity rates, your home's insulation, and your usage habits. To increase efficiency, you can use baseboard heaters for zoning, meaning you only heat the specific rooms you are using.

When winter rolls around, and you turn the heat on for the first time in a year, it’s normal to sense a light odor. This could smell a little like burning because some dust has gathered in the heating unit over the warm months and will fade away shortly after. However, there are some smells you should watch out for and take caution around: an egg-like sulfur smell or an electrical burn odor would indicate there’s something wrong. Turn it off and call a professional for maintenance as soon as possible. 

On average, you’ll need about two gallons of oil per day to heat your house when it’s 50 degrees Fahrenheit outside. Most oil tank capacity is about 275 gallons, and heating your house with two gallons of oil per day will last about four and a half months. This consumption will vary depending on the climate and average temperature in your location. For example, if the winters are longer and colder where you live, you’ll probably need to refill your oil tank at least once to get through the winter.