Last July I locked in at a ceiling price of $3.29gal for home heating oil, this year the ceiling is $5.67 :shocked: and it might be worth it :crying:. We're under 1/4 tank now and they said they hope they can make it out to fill up next week, I'm sure they're in no hurry to honor last years ceiling price. :yak4: :yak4: :yak4:

Just my opinion but with China now cutting their subsidizing the price of gas to their people, it was estimated that the cost to their citizens would rise 18%. This should cause a cutback on their usage which if other countries that subsidize follow suit ( i think they will), this should further reduce the demand. With our usage down 4-6% over the current period, my guess is there are a few loaded tankers sitting around loaded with oil and no place to unload. These tankers are leased for several hundred thousand $$$/day.... throw in Saudi's increase in production and we may have a break coming this winter.
Just My thoughts.

LT from your lips/fingertips to Gods ears.