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Among distillate fuels, the trend in recent years has seen the proportional demand for heating oil decreasing, as usage of [[liquified petroleum gas]] (LPG) has increased.
Among distillate fuels, the trend in recent years has seen the proportional demand for heating oil decreasing, as usage of [[liquified petroleum gas]] (LPG) has increased.
<ref>{{Cite book| url=http://www.amazon.com/gp/redirect.html?ie=UTF8&location=http%3A%2F%2Fwww.amazon.com%2FPetroleum-Refining-Technology-Economics-Fifth%2Fdp%2F0849370388%2Fsr%3D8-3%2Fqid%3D1166735153%3Fie%3DUTF8%26s%3Dbooks&tag=omnimediaguid-20&linkCode=ur2&camp=1789&creative=9325| title=Petroleum Refining: Technology and Economics | publisher=Marcel Dekker| pages=19/488| format=hardcover| accessdate=2006-12-21}}</ref>
<ref>{{Cite book| url=http://www.amazon.com/gp/redirect.html?ie=UTF8&location=http%3A%2F%2Fwww.amazon.com%2FPetroleum-Refining-Technology-Economics-Fifth%2Fdp%2F0849370388%2Fsr%3D8-3%2Fqid%3D1166735153%3Fie%3DUTF8%26s%3Dbooks&tag=omnimediaguid-20&linkCode=ur2&camp=1789&creative=9325| title=Petroleum Refining: Technology and Economics | publisher=Marcel Dekker| pages=19/488| format=hardcover| accessdate=2006-12-21}}</ref>
Heating oil futures contracts trade in units of 42,000 gallons, which is the equivalent of 1,000 barrels. Prices are based on delivery in [[Directory:New York, New York|New York City]] harbor, the principal cash market trading center. The heating oil futures contract is also used to hedge diesel fuel and jet fuel, both of which trade in the cash market at an often stable premium to heating oil futures.
Heating oil futures contracts trade in units of 42,000 gallons, which is the equivalent of 1,000 barrels. Prices are based on delivery in [[Directory:New York, New York|New York City]] harbor, the principal cash market trading center. The heating oil futures contract is also used to hedge diesel fuel and jet fuel, both of which trade in the cash market at an often stable premium to heating oil futures.