What's Your Prediction for the Price of Oil and Electric

 
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Freddy
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Location: Orrington, Maine
Stoker Coal Boiler: Axeman Anderson 130 (pea)
Coal Size/Type: Pea size, Superior, deep mined

Post by Freddy » Thu. Apr. 23, 2009 6:46 am

I lost a $1 bet this last year because I thought gas would never go below $2.35 a gallon. Even though I have a bad prediction track record I'll guess gas will be $2.36 all summer, and oil will be $2.80 next winter. Electricity will stay around $.20 a KWH.

 
ken
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Post by ken » Thu. Apr. 23, 2009 7:54 am

Until the economy here and the rest of the world start to pick up. Gas and heating oil will not change much. That could be a long time.

 
Jeddbird
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Post by Jeddbird » Thu. Apr. 23, 2009 8:35 am

I think prices will contunue to creep up and will not stay relatively low for long.


 
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efo141
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Post by efo141 » Sun. Apr. 26, 2009 11:26 am

Heating oil got down to $1.51 in Jan! Propane stayed around $2.40. Do the math
And don't forget when you do the math that propane has 50% less heat per gal than oil.

 
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stovepipemike
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Post by stovepipemike » Wed. Apr. 29, 2009 3:56 pm

I predict only a slightly moderate oil price increase.I think it is all tied to the economy and will remain relatively flat.I passed an oil delivery truck the other day and it had a sign reading $1.87 / gal on it.If it gets much lower,I'll mothball the Kaa2 and go back to the oil boiler.I think we will cruise along o.k. for a while yet on fuels.I think electric rates here in Penna will soon clobber us big time due to deregulation,no way around that. Mike

 
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ggans2
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Post by ggans2 » Tue. Nov. 03, 2009 8:57 pm

Ok its six months later , what happened?


 
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theo
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Post by theo » Wed. Nov. 04, 2009 4:01 pm

I think the price of oil has gone up but I don't know for sure since I have 10 ton of black gold heat!!

 
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Richard S.
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Post by Richard S. » Wed. Nov. 04, 2009 6:24 pm

When you have coal it's like the old "Turtle and Hare" story. You may have times where it might not make sense but in the long run you always win. Fuel prices are wildly unpredictable except with coal, slow and steady as she goes.

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