These LP, fuel oil and even coal prices are getting to the point where electric heat pumps are a viable option. As a result, I'm having my 20 year old ductless A/C system replaced with a new ductless system that provides both heat and A/C much more efficiently. This way, I can choose between electric, fuel oil and coal heat sources depending on price.
Yes, electric rates are going up as well but in most states, you can choose from a list of suppliers which lets you shop for the best price. The choice is limited with fossil fuel suppliers in most areas where gouging and price fixing can exist.