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Heating oil price ?

Posted By: proratman

Heating oil price ? - 03/13/18 12:20 PM

Should I fill up my oil tank now or wait until June? I am new to heating with oil.
Thanks
Posted By: GREENCOUNTYPETE

Re: Heating oil price ? - 03/13/18 12:51 PM

depends , what can you get for a price right now?

do you have any gas stations or co-ops that have a off road diesel pump?

heating oil is just a lower grade of #2 diesel the sad part is it often costs more because fewer people use it.

I spoke with the fuel company ( my wife work there)and my furnace guy, off road is a better more refined less solids product for less money than heating oil usually a 40 cent savings per gallon but the truck can't deliver it to a house.

I fill my own tank from the off-road diesel pump but I live in a small farm town so off-road diesel is very common here.
Posted By: snowy

Re: Heating oil price ? - 03/13/18 01:29 PM

I can tell you that most generally fuel/gas prices rise thru summer month's. I haven't looked lately but I believe futures are up but not an uncommon thing as summer is around the corner. IMO
Posted By: trapper les

Re: Heating oil price ? - 03/13/18 03:33 PM

I filled mine 4 weeks ago...200 gallons for 500 bucks. Prices at an all time low for here. Bought from Cenex. I can heat my house in winter just about on one 265 gallon tank, although I burn wood most of the time. I filled that tank 12 years ago and was getting low.
Posted By: hippie

Re: Heating oil price ? - 03/13/18 05:06 PM

90% of the time, June you'll get better prices.

Last June or July i filled up for 1.69 and by December it was right back up to 2.19, where it was last January.

Been doing this for 30 years. If you can wait till summer, fill'r then.
Posted By: BigBob

Re: Heating oil price ? - 03/13/18 06:16 PM

AND, it will depend on who's attacking who.
Posted By: GREENCOUNTYPETE

Re: Heating oil price ? - 03/13/18 07:08 PM

Originally Posted By: BigBob
AND, it will depend on who's attacking who.


exactly , last fall there was no indication the price would jump , then Harvey, Irma , Jose and Maria came calling and huge amounts of diesel had to be shipped to the coast to keep generators running and crews working to make repairs as well as refineries offline.


just before spring turnaround is an ideal time if you can figure out when that will be , this is when refineries shut down to change formulation and do maintenance , is when the price falls the most , then while refineries are offline the reserves built up go down and the price climbs.

that said today's truck price is 2.66 here that is delivered , if you can get it for 2.46 or lower I would fill also try not to go below 1/4 tank most places want you to take 200 gallons at a time most people have 235-275 gallon tanks so general rule is call when you get to 1/4 so that you are sure you have a few days.

also this would have been the first year in a decade that contracting gallons really made it worth while , in early August when contracts go out they were contracting at 2.26 a gallon delivered around here , truck price was 2.16 so you can see they really didn't think it was going to change much. they were only giving them selves a dime to work with betting ti wouldn't change even mid heating season.

Posted By: white17

Re: Heating oil price ? - 03/13/18 07:28 PM

Don't forget that the largest refiner on the east coast filed bankruptcy. That won't help !
Posted By: alaska viking

Re: Heating oil price ? - 03/13/18 08:15 PM

Almost $3.00 a gallon, here.
Posted By: white17

Re: Heating oil price ? - 03/13/18 08:29 PM

Almost $ 6.00 here
Posted By: Caribou

Re: Heating oil price ? - 03/13/18 08:45 PM

6.90$ here
Posted By: bulldozerjoe

Re: Heating oil price ? - 03/13/18 08:46 PM

Called yesterday 2.39
Posted By: coalminer

Re: Heating oil price ? - 03/13/18 09:52 PM

$2.55 last week in central Pa., was $1.89 last August.
Posted By: lumberjack391

Re: Heating oil price ? - 03/13/18 10:04 PM

Just got 25 gallons, I picked it up. It was 2.29/9 for off road. Delivery isn't any cheaper til you get 300+ galls and they don't deliver less than 150 galls. I get my best deals on oil in the summer. August is a good bet for me.
Posted By: GREENCOUNTYPETE

Re: Heating oil price ? - 03/14/18 02:23 AM

best price on off road here today was 2.40

the other 2 stations were higher.
Posted By: trapper les

Re: Heating oil price ? - 03/14/18 02:26 AM

It's been a lot higher than that.
Posted By: GREENCOUNTYPETE

Re: Heating oil price ? - 03/14/18 02:32 AM

it is 2.59 yet at one station so it is coming down of the other stations were 2.40 and 2.49

yes 3 of 4 stations sell off road diesel the 4th is next to the trailer park and closes to the race track and sells K1 in the winter and Crystal Blue race gas in the summer
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