Household demand for fuel oil.

The purpose of this paper is to analyse the short-run residential demand for fuel oil using household data from the 1972-73 Consumer Expenditure Survey (CES) of the Bureau of Labor Statistics (BLS). We adopt the conceptual framework common to analyses of the short-run demand for other energy sources such as electricity, natural gas and automobile fuels.[4] In this framework, the short run is defined as the period during which the stock of appliances using fuel is fixed. Hence, short-run responses are reflected in changes in the utilization rate of that stock. [ABSTRACT FROM AUTHOR]