Heating oil is a type of fuel used primarily for heating homes and buildings. It is a liquid petroleum product that is stored in tanks and delivered to residences or businesses. When burned in a furnace or boiler, heating oil generates heat, providing warmth during cold weather. This fuel is popular in areas where natural gas is not available, making it a reliable option for many households. The price of heating oil can fluctuate based on various factors, including global oil prices, seasonal demand, and geopolitical events. Homeowners often monitor these prices to purchase oil when it is most affordable, ensuring they stay warm without overspending.