If you have a small house, kicking the heat down at night is fine. If you have a large house, I've always thought it better to keep the heat up, maybe only drop it a few degrees. When the whole house drops in temp and you turn up the thermostat to warm it back up again, you have to heat not only the air, but everything in each room. The walls, the floors, the furniture, the metal kitchen appliances, etc... etc... it takes a lot of BTUs to bring all of that back to stasis. Once the whole house is stable, it doesn't take much to keep it there. I leave my thermostat set to one temp all the time.
I have always been told that it is more energy efficient to keep, at least a small place, at a somewhat constant temperature especially in the summer. By letting the place get cold or hot the heater or AC has to cool down not only the air but the walls and furniture also. I have no science to base this on and it would be hard to do an accurate test due to too many environmental variables but this is what I was told and is my current opinion until I am proven wrong. So basically my opinion is subject to change on this discussion.
I've always thought the same thing, and have a few HVAC guys tell me the same thing.
I'd almost have to sit around the house all day and record the length of time, and number of times the furnace cuts on.
I know my nozzle is 0.9 gph, so I could come up with a guestimate of how much oil was used keeping it at a certain temp all day. Then, wait for another day that has a similar outside temp and do the same calcs using a programmed t-stat.
For instance, let's say at 68* inside set temp, and a 30* outside temp, my 3,000sq. ft. house oil furnace turns on for 5 minutes, every hour.
That would mean the oil is burning a total of 120 minutes (2 hours), every day. That's 1.8 gallons per day, and 54 gallons per month (I wish).
Or, in a programmable setting, It's 60* inside set temp for 18 hours a day, and 68* for 6 hours. Hypothetically, at 60*, the burn rate is 5 minutes, every 2 hours. Factor in an additional 25 minuites to reach 68*, and using the same burn rate as above:
At 60*, the furnace is cutting on for a total of 45 minutes. At 68* (including the warm up time) burn time would be 1 hour. So a total of 1 hour and 45 minutes of burn time per day. Thats 1.575 gallons per day, and 47.25 gallons per month.
54 gallons @ $3.50/gal = $189
47.25 gallons @ $3.50/gal = $165.375
5 months @ $189 = $945
5 months @ $165.375 = $826.875
In theory, programming the oil furnace at the settings above would save $118.125 per heating season.
Obviously, so many factors come into play, just spitballing numbers here.