Diesel Price Hike Increases Impacts Temporary Heating Costs
October 18, 2018
How much does the increasing diesel price affect your project heating costs?
Over the course of the last 2 years, diesel prices have been on the rise steadily in North America. From $1.98 per gallon in February of 2016, the current price of diesel is $3.23 per gallon. This has a huge implication on the total project cost. Fuel costs, though usually overlooked, can be up to 70% of the total heating project cost using conventional diesel heating technology.
Consider an example of a large project using 5 heaters over the course of 4 months. In 2016, the fuel costs for heating would have been around $192,000 compared to $314,000 in 2018. Over the course of just 2 years, fuel expenditure has risen more than $100,000 on average. If this trend is to continue, contractors will be spending incrementally large amounts of money just on fuel year over year.
What is the best way to save on fuel costs?
The best way to keep your fuel costs under control is to use a heating technology that consumes the least amount of fuel. Cahill Heating’s technologies ensure exactly this. With heaters that consume only between 2.6 to 5.3 gallons per hour of diesel, Cahill offers the most fuel-efficient heaters on the market today. A competitive heater of similar class would consume between 7- 9 gallons of diesel per hour. For projects that use multiple heaters, this translates into savings to the tune of $120,000 and above.