THere a heating / ac company around here that's giving away 80 gals of good home heating oil. I want it because it's about $250 worth of free fuel LOL. THere's nothing wrong with running it right, isn't is basically #2?
I'd do it. Just make sure it didn't get any water in it. It's probably red though, so if you run a high risk of getting dipped, it might not be worth it.
I scored a similar deal here not long ago. I just tested it for moisture content then ran it through one of my barrels with a 2 micron filter cannister on the dispensing end. (I make bio so I already have the set up) Most of my driving lately has been residential/city local stuff, so the risk of getting dipped is pretty low.