As the total heat you loose to the outside (and therefore cost of gas or oil) is a function of the difference between inside and outside temperatures and the time this difference exists, the cheapest option is the one where the inside is colder for the maximum amount of time possible. So option 2 is the answer. However, from a comfort point of view, it it takes absolutely ages to get the house warm, you might not want to do this.
The man who's more anal than Kirstie - Turbanator
Speshul - Steve Summers