Fuel Cost Calculator

Energy (Fuel Cost) Calculator

Fuel Cost Calculator

Directions for Fuel Cost Calculator:
Enter the costs in Column "Unit Price" for the various fuels or use the default values as listed

FUEL ENERGY CONTENT

UNIT PRICE

HEAT CONVERSION EFFIENCY COST PER MILLION BTU
Kerosene 135000 BTU/gal /gal 85% $23.97
#2 Fuel Oil 139400 BTU/gal /gal 80 $19.73
Propane 91600 BTU/gal /gal 85 $34.04
Natural Gas 100000 BTU/therm /therm* 85 $14.71
Electricity - Resistance 3412 BTU/kWh /kWh** 100 $32.24
Electricity - Heat Pump 3412 BTU/kWh /kWh** 200 $16.12
Coal 13100 BTU/lb /ton 75 $10.18
Firewood - Hardwood 24000000 BTU/cord /cord 60 $13.89
Wood Pellets 8200 BTU/lb /ton 80 $20.96
Shelled Corn 6970 BTU/lb /50 lbs 75 $13.66

* Enter the price of natural gas as the price per therm. If the price for natural gas is based on $ per 1,000 cubic feet, divide that number by 10 to enter above. For example, if the cost for natural gas is $17.50 per 1,000 cubic feet, then divide by 10 and enter 1.75 as the price per therm.

** Enter the price of electricity in dollars. An electricity price of 11 cents per kWh, for example, needs to be entered as 0.11.

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ENERGY COST COMPARISONS, $/Million BTU
(MouseOver for Totals)