Bioburner
Moderator
Your oil heater is probably not very good at burning or delivering heat and its pretty common with older systems before more engineering was used to optimize both.I have a feeling that oil will skyrocket after the first cold snap. I could be wrong though.
The first heating season in our home, we spent close to 3,000 dollars in oil to keep warm (1000sq ft cape cod circa 1940). Last winter I switched to pellet fuel only and spent 750 for the season. I'll probably just stick with pellets and keep the oil furnace as a back up.
My 2 cents is that oil will probably stay low till after elections.