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Fuel Type
Btu Value Per Unit
Units Required To
Produce 1,000,000 Btu
Fuel Price Per Unit
8/7/2014
Cost To Produce
1,000,000 Btu
Appliance
Efficiency
Effective Cost Per
1,000,000 Btu
Bulk Corn
7,200 per pound
139 lbs
$265 per ton*
$18.42/139 lbs
$18.42
80%
$23.02
Bagged Corn
7,200 per pound
139 lbs
$300 per ton*
$20.85/139 lbs
$20.85
80%
$26.06
Natural
Gas
1000 per cu. ft.
1 therm = 100 cu. ft.
10 therms
$1.4338 per therm**
$14.34
80%
$17.93
Fuel Oil
139,000 per gallon
7.1 gallons
$3.70 per gallon
$26.27
80%
$32.84
LP Gas
(Propane)
91,690 per gallon
11 gallons
$3.30 per gallon
$36.30
80%
$45.38
Wood
22,000,000 per cord
0.0607 cords
$250 per cord (green)
$15.18
60%
$25.30
Wood
Pellets
8,000 per pound
125 lbs
$279 per ton (avg.)
$17.44/125lbs
$17.44
80%
$21.80
Kerosene
135,000 per gallon
7.41 gallons
$3.99 per gallon
$29.57
95%
$31.04
Electricity
3,413 per kWh
293 kWh
$0.121 per kWh***
$35.45
100%
$35.45
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*Pick up price. Delivery charges average around $60.
** Off - Peak: May 1, 2014 - October 31, 2014.
***Average retail price of electricity to ultimate customers (US Energy Information Agency))
Natural gas and electricity rates do not include the fixed monthly customer charge.

You might also be interested in the
Table of Current Average Annual Heating Fuel Costs that compares the annual
heating cost of 8 different fuels for 12 heating appliances functioning at different levels of efficiency. Included are
geothermal heat pumps, catalytic wood stoves, portable kerosene heaters, wood, wood pellet, and corn stoves;
natural gas, propane, and oil furnaces.
Fuel Cost Comparison Chart