No pipeline required for LPG (propane) it is delivered by truck just like your fuel oil. Burns as clean as NG, and is in fact made from waste products of NG and gasoline refining.
Current retail price in my area is $1.60 a gal.
IMO, fuel oil for home heating is an insane option.
Co-products, not considered waste at $55~60/barrel for the wholesale price and $120/barrel for the final sale price.
http://www.eia.gov/dnav/pet/pet_pri_wfr_a_EPLLPA_PWR_dpgal_m.htm
http://www.eia.gov/dnav/pet/pet_pri_wfr_a_EPLLPA_PRS_dpgal_m.htm
Some wells are being drilled for natural gas liquids like propane, butane and consider the Natural Gas as a side product.
Agreed, oil is an insane option now. However, in 1972 when my house was built it was by far the cheapest. There were a lot of houses built in NH in the mid 1970’s that had electic baseboard heat. Most of those houses were converted to oil or propane in the 1980s or 90s. When I bought this house 15 years ago, oil was still the cheapest. It has only been the last 5-6 years that it has gone to a premium of propane.
When(not if)I replace my current furnace, I most likey will convert to propane.