Storing heating oil is risky, expensive and is a dirty use of a property due to the need for an underground or above ground tank.
Abatement of tank leaks can run into the millions as you have to dig up all soil contaminated by heating oil when the tank is retired, and tank retirement is a cost that holds up many property sales and redevelopment here in the Pacific Northwest.
That's not really true elsewhere. Using in-ground oil tanks is an antiquated practice that isn't used anymore. Any modern heating oil installation has the tanks either in the cellar or in the yard behind the house. Either one would immediately reveal a leak so it could be remedied quickly. Yes Seattle is full of shitty bungalows with in-ground oil tanks that have to be condemned, it is a problem and one of the many reasons Seattle sucks. I did a stint at AWS so know the area. You can get away with a heat pump or baseboard electric in Seattle because the outdoor temperature rarely dips below 30F in winter. Go to a place like Maine where the vast majority of houses use oil. There is no natural gas infrastructure and heating with electric is impractical. 30F is a 'warm' winter day. A heat pump cannot effectively deal with the frigid climate in the NE and electric space heating would be insanely expensive. Many thousands of homes are heating with oil in the northeast everyday and not turning their yards into superfund sites. There are many compromises that work for the milquetoast PNW that won't work elsewhere.
