Has Home Heating Oil's price Plummted?

Since gasoline has dropped in price like a rock, has home heating oil gone way down too?

Just read the paper.

No. 2 Fuel Oil $2.58

K-1 Kerosene $3.98

SuperBeetle wrote:Just read the paper.

No. 2 Fuel Oil $2.58

K-1 Kerosene $3.98

What were they 2 months ago?

Saw Heating oil here at $2.25/gal. on Friday, figures I was going to top off the tank and today it went up $4.57/barrel

I really don't know what they were two months ago. I don't buy that stuff. I do know however that about two months ago my parents "locked in" at $4.29 for No. 2 Fuel Oil.

Cash 500gal min $2.08 Was $2.17 a little over a week ago.

$2.49 is the lowest around here on http://www.newenglandoil.com/massachuse ... 14.asp?x=0. On http://www.massenergy.com it's at $2.28 high on November 5th was $2.73 a gallon.

I called the other day after seeing this thread. 2.59 gal. Gas is running about 1.80. I always thought there was less refinering in making heating oil then gas.

Yaaa, back before this price thing started, when gas was $1.76, heating oil was $.79 What's wrong with this picture? They simply have the oil burning people over a barrel and are making mor eprofit than any time in history.

ken wrote:I called the other day after seeing this thread. 2.59 gal. Gas is running about 1.80. I always thought there was less refinering in making heating oil then gas.

Yep no reason for oil and diesel to be as high as it is since it takes less work to make it and has less extra stuff added to it. Kind of like the whole "organic thing" food that cost's more becuase they spend less in growing it by not spending all that money on pesticides.

http://www.theenergyco-op.com/OIL%20PRI ... prices.htm


Looks like they may be creeping back up .

Did anyone ever do that pre-buy locking in at a certain price for the year? I always paid cash. I wonder what happens to all of those poor bastards that locked in at 4.00 a gallon this summer?

billw wrote: I wonder what happens to all of those poor bastards that locked in at 4.00 a gallon this summer?

They all get to buy locking fuel oil caps or park car over tank fill except when COD oil guy is called

It's the same people who will take the gas company's offer of a free gas-only boiler, where there's only one source (and one price). Just twist the dial and not think about it. Going out in the cold to stick the tank? Oh the horror....

I've never seen one of the lock-in contracts. Is there a clause/penalty for buying fuel oil from another source, or not taking less than X gallons per month?

COD oil here south of Boston, last time I checked, was 2.19/gal. No service, pay as you go. This summer, 4.10/gal
same deal. So it is down, no doubt. Need to hit 1.30/gal to break even with my coal heat.

I wonder what happens to all of those poor bastards that locked in at 4.00 a gallon this summer?

When I lived in PA, I would lock in my oil price. My contract always read that if the market price went below the contract price, then you got the market price. The locked in price was only a maximum. That was quite a few years ago, I don't know if it is still the same way.