US gas prices are at a record high. There is no one reason for this, it’s more like a perfect storm of global events that has conspired to drive down supply while at the same time increasing demand. Unfortunately, there is also a good chance that the price at the pump has not yet peaked. We are just entering the summer travel season which is expected to be very busy this year. People who missed out on vacations during the pandemic are eager to make up for lost time. For these and other reasons, experts say prices are going to go higher and stay high for quite some time. Those circumstances aren’t going to change any time soon and are likely to keep prices there for the rest of the year and beyond. For commercial building owners, this will translate into higher fuel and electricity costs this summer and into winter, significantly higher. In anticipation of these fuel increases, smart building owners are taking a look at smarter solutions to building energy consumption. It’s way easier to justify the ROI on an equipment upgrade when the cost savings potential is now huge. Consider the following chart of gas prices: With average gas prices expected to top $5.00 a gallon nationally, that means a conservative estimate of average fuel price increases into the winter of 2022 vs. 2021 is $5.00 vs. $3.35 or almost a 50% increase in fuel bills.
The Time is NOW to Take Energy Saving Steps There are a number of things commercial building managers can do to get ahead of winter heating bills, ranging from the very easy and relatively cheap, and the very costly wholesale replacement of old equipment. The good news is that whatever you decide to do, the cost of it will be way easier to justify based on the dollars you’ll save this winter. Since we’re just coming into summer, the timing is perfect for the forward-thinking building manager to do upgrades to heating systems. Here’s some ideas to consider, starting with the simplest to the most comprehensive.
There are many other elements large and small that can make incremental improvements to your Heating system efficiency, all dependent on the particular configuration of your building. Again, an inspection by a qualified professional and the installation of a high quality heating control is always a great place to start. For further information on Heat-Timer® Platinum Series Controls, please visit https://heat-timer.com Original blog posted on https://www.heat-timer.com/combatting-skyrocketing-fuel-prices/
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AuthorHeat-Timer® corporate office and manufacturing facility is conveniently located in Fairfield, NJ. Here, Heat-Timer® manufactures its electronic controls, sensors, valves and actuator products using specialized computer controlled equipment and automated testing systems. Archives
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