DrPizza
Administrator Elite Member Goat Whisperer
When the hell is home heating oil going to come down? It's still in the high $3 range here. I'm sick of making bi-weekly trips for a few gallons while I wait for the price to drop so I can fill the tank. (minimum delivery here is 150 gallons, hence watching the price carefully can save quite a bit of money)
PingSpike
Lifer
- Feb 25, 2004
- 21,765
- 614
- 126
They're probably waiting for everyone to flinch so they can move the expensive shit they already bought. Don't you burn coal though?
I bought 100 gallons from my fuel co-op for 2.72 cash price the other day...it'll probably go down more but I paid 2.59 for my prebuy last year so that's not to bad. My wood could use another year of drying anyway. Others places quoted me like 3.30 though. They can take their heating oil and put it up their ass with that markup.
Vermont and NY seem to be getting raped on the way down with oil prices though.
Born2bwire
Diamond Member
- Oct 28, 2005
- 9,840
- 6
- 71
It could be that with the tough economy, people are buying less of the premium grades. So the premium grades may have been bought at a higher price but are not being used up fast enough for their price to follow the price for regular.
Around here, diesel has been dropping about 5c a day, I imagine this means heating oil will be soon to follow
DrPizza
Administrator Elite Member Goat Whisperer
Yes, I heat with coal. Just picked up a ton yesterday. Even the price of coal has gone way up. It was $270. But, my hot water tank is heated with oil. (And our stove & dryer are propane.) We were heating the water with kerosene, but eventually diesel became cheaper than kerosene (despite the road tax on it). Kerosene was still well over $4 the other day. The wife wants me to switch over to propane for the hot water, but I like my hot water too much. (The oil heats the hot water faster than it can be used - you have to actually increase the amount of cold water during a long shower.) I'm still using diesel until I get the tank filled. If I get irritated enough & it's worth the drive, I'll see if I can't find enough plastic tanks & take a ride down to PA (35-40 minutes) and bring back my heating oil. There's a refinery in Bradford, but I don't know if they produce heating oil.
They were making "profits" back at $20.00 a barrel oil, you just gotta know which pocket to keep it in.
DrPizza
Administrator Elite Member Goat Whisperer
Yep, 8% profit back then. Price of oil tripled, therefore their profits tripled. Because, you know, it's only fair that they make 8% profit on "their investment."
harobikes333
Platinum Member
America's economy affects the rest of the world. Whether they like it or not...
hence... why the gas prices have dropped lately...
I live in North Dakota where they are drilling for oil in the Bakken formation. I hope oil stays above 68 a barrel because if it goes below that they will stop drilling new wells....
hence... why the gas prices have dropped lately...
I live in North Dakota where they are drilling for oil in the Bakken formation. I hope oil stays above 68 a barrel because if it goes below that they will stop drilling new wells....
PingSpike
Lifer
- Feb 25, 2004
- 21,765
- 614
- 126
Even at $270/ton I think coal is still the cheapest way to heat a house. You could always get a coal boiler and be done with it!
Heh...I suppose that is what will eventually force the price down. If they try to keep heating oil $0.70 more then mass (which has heating oil for 2.50 in some places) then some industrious individuals will put a diesel tank in the back of their pickup truck and do any end run around them. I know I saw some one looking for a fuel tank for his truck on craigslist last week.
blackangst1
Lifer
- Feb 23, 2005
- 22,902
- 2,359
- 126
StageLeft
No Lifer
- Sep 29, 2000
- 70,150
- 5
- 0
What is on "oil-price.net" is just under $57. I think there is brent and light sweet, so sweet is pricier.
Well, I can make a pretty easy prediction: National average gasoline in the US will be under $2 at some point this year. As oil continues to fall we need to remember that gas still hasn't hit as low as it will even if oil plateaued right now--the delay means there's more at the pump even without the continuing destruction of oil values.
StageLeft
No Lifer
- Sep 29, 2000
- 70,150
- 5
- 0
I knew it was high but didn't think it was quite that high 
It's nice to see it fall, though. It was entirely reasonable to expect the US gas average to go under $3 again, but under $2 would have been a stretch--I'm not sure I read that from really anybody, but we're well on that path now. Since Oct 27th price has gone from $2.65 to $2.22 yesterday. Two weeks!
It's nice to see it fall, though. It was entirely reasonable to expect the US gas average to go under $3 again, but under $2 would have been a stretch--I'm not sure I read that from really anybody, but we're well on that path now. Since Oct 27th price has gone from $2.65 to $2.22 yesterday. Two weeks!TRENDING THREADS
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