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#1
06-29-2012, 05:48 PM
 Got in on heating oil before it jumped.... $2.96 to $3.11! OMFG! I was on my way home and thought "hey I wonder what commodities did today". Lo and behold oil was up like $7 (nearly 10%) so I placed a quick call to our oil company and got in before the price increase (they update prices at close of business for the next day). about now is when I wish I had dual tanks. |
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Multi-Quote| 06-29-2012, 05:48 PM | |
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#2
06-29-2012, 06:00 PM
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How many gallons did you buy?
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#3
06-29-2012, 06:42 PM
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only about 150..... which is why I said I wished I had 2 tanks; I have 1 300 gal tank. This fill should take us through early 2013.
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#4
06-29-2012, 07:09 PM
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I've been calling since early May, getting prices weekly and have not had a lower price yet since what we pre-paid since last year. I'm still waiting for the price to drop so we can pre-pay again for our winter oil for next year. It's still at $3.799 right now, which is higher than what we pre-paid for last year's oil. I know that the Company we deal with has not bought "their futures yet". So I'm holding out still, waiting and watching.
~ Everyone is gifted - but some people never open their package ~ ~ You were born an original. Don't die a copy. ~ ~People only see what they are prepared to see.~ |
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#5
06-29-2012, 11:14 PM
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What is heating oil, or well not what it is, but when you guys mean tanks and such forth to store, it, what is it used for? And where do you guys live?
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#6
06-29-2012, 11:35 PM
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#7
06-30-2012, 04:41 AM
So this should skywrocket, it's $3.18 when I posted this: http://www.massenergy. |
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#8
06-30-2012, 05:12 AM
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What if it dropped to $2.50 tommorow
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#9
06-30-2012, 07:03 AM
We are tied in with a Service Contract as well, so it does matter with what dealer we are with. We tried switching years ago to a different dealer; but they had horrible "service" - and service is a big deal when it's the dead of winter and your oil burner needs serviced and they refuse to come out at certain times. The Company we deal with, with our Service Contract comes out 24/7 with no questions asked. If we go "rogue" which means we just call anyone who happens to have the lowest price; then we have to find someone independently who will be able to service our Oil Burner, and HOPE they will be able to come out if it goes down in the middle of a cold, snowy night. Not willing to take that chance  They have shut down quite a few of the refineries in our area, which is keeping the prices high right now; so we are all wondering in our area where the Oil Companies are going to get their oil from for this coming winter for "their futures"; as the ones near and past Philly are being shut down. That is where it came from. This is very dependent on where one lives, as to the cost factor. Homeowner's who use heating oil are really held captive in this regard, as to pricing. If you are renting a home, you have more leeway, as the person who owns the home, holds the service contract; and you are able to go "rogue" easily in purchasing oil. We own our home, going "rogue" is not an option for us. |
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#10
06-30-2012, 07:07 AM
If it dropped to $2.50 tomorrow, I would be on the phone and I would be purchasing 3x's the amount I normally would be or more, and pre-paying way into the future for my heating oil for my home, knowing how many gallons I normally use over the course of a winter and for heating the water as well. Any left over gallons at the end of the year, would move forward into the next year, and so forth. |
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#11
06-30-2012, 07:49 AM
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Not disagreeing with you on the service, been there and done that too.
We're benefiting now by getting oil where ever we want and have a 24/7 independent service company. I think they do a much better job paying attention to the details of the annual "tune up" than the oil company ever did. The independent company also told us about and installed a device called Intellicon which I'm convinced has saved us a bundle. It has a fascinating digital readout of what it's saved. The oil company never suggested anything like that. The independent also downsized the nozzle and make some other fuel saving improvements by installing a bypass loop of some sort. They improved what they thought was a less than ideal install and much for the better. There's also something good about not having the annual tuneup done by the same company that wants to sell you oil. But we're also in a metropolitan area and I'm sure markets are different. |
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#12
07-01-2012, 02:48 PM
We have a good Oil Company, it's privately owned, we know the people, we had them install this oil burner when we moved into this house. My husband even works on their oil trucks  It's not an Oil Company that operates out of NYC, instead of locally here, like one used to that was "bought up", like most of them were. Most of the major Companies, are run by conglomerates now.Independents are hard to come by, because of 18k+ homes all situated in one area, that need oil and service. |
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#13
07-02-2012, 12:06 PM
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never heard of a tiger loop.
Our place is independent as well. They don't even sell or service oil systems - only propane. they always have the lowest price in the area and do not upcharge for credit purchases (lots of places will give you the cash price when you call and credit is like 5 cpg more $$) |
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#14
07-02-2012, 12:17 PM
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Sorry to hear your heating oil has been depressed.
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7/13/13
#15
07-02-2012, 01:16 PM
Tiger Loop Info: http://www.westwoodpro Prevents bubbles, de-areates - since the Tiger Loop was put on we don't have anymore issues with our Oil Burner as we had been having during the winter months - especially after deliveries occurred. Do realize our homes originally had radiant heat flooring, and the oil tanks are all underground. Most have replaced the radiant heat flooring with baseboard heating at this point in time, due to the radiant heat flooring eventually leaking, due to them using copper piping 60 years ago, and concrete slabs and copper piping, well, just don't hold up; the copper was eaten up by the concrete through the years and leaked; and you hand to have the slab dug up to find the leak and be repaired. Though it was nice to walk on a nice warm floor all the time in the winter; and upstairs you had radiators in the bedrooms and the bathroom. The oil tanks in the ground with the fuel lines the way they are run, doesn't give us a lot of options either; unless we move the tank above ground; and at some point we will be forced to do so if we need to replace this tank which has already been replaced prior to us moving into this house. Most people with oil burners have a lot more access to things, than we do, due to the age of our homes and the way they were built; and where things were put. Again, due to the large number of homes with oil in my immediate area, Independents are not that easy to come by, and going "rogue" is not really the best option if you own your own home; unless you want crappy service here. I can call a few places that are still "family owned" - but still not get better pricing - and the same with the Corporate owned places. We are remaining high priced for home heating at this time. It's like they know they "have us" by the balls, because where else are we going to go  and they know this.The Department of Energy for the U.S. Government has studied our particular area, to see how they could help reduce the cost of oil and heating these homes; and still have not come up with a solution. My home was one of the one's in the study group. One can do a lot of improvements to a 60 year old home to improve the efficiency - but still cannot control the price of oil, that simple 
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