Striper Talk Striped Bass Fishing, Surfcasting, Boating - View Single Post - If you have Oil Heat in Mass. then read this!

UserRemoved1 · 01-12-2007, 06:52 AM

Current trend commentary: Once the news began reporting that large investment funds were exiting oil commodity markets, prices tended to firm slightly making one wonder if the those making a major exit decided to hold on for better selling conditions or signs of a rebound. However, given the prevailing wisdom, one wouldn't think this will last particularly long and prices will resume their decline as the big money that over inflated price expectations for oil in the first place heads to the sidelines.Technical analysts continue to call for further market weakness. After reaching prices not seen since July, 2005 last week, the next downside target for Mass Energy members may well be $1.90 per gallon which was last seen in June, 2005. The last time $1.90 or even $1.80 was seen by Mass Energy members during winter months was February, 2005.

Normal seasonal trend: After finishing out the Christmas and New Years' holidays on a typically up note, January tends to see wholesale prices ease to their lowest point of the year which typcially sets up the best Mass Energy members savings. Since we use 40% of our oil in January and February, what better time to have the lowest prices? Of course there have been exceptions to this rule. The exceptions have been when we are approaching a war or New York Harbor freezes over. Looking at the curve over the past two months, the 'typical' pattern has been holding fairly close to form.

Last season: The average Mass Energy member saved 23 cents per gallon paying $2.20 per gallon compared to a consumer paying the state survey average of $2.43 per gallon. Our data indicates our average member has taken 725 gallons of oil, spending around $1595 to keep their homes heated this past winter. The Mass Energy savings $162 on average compared to the consumer paying the average retail price.

One other issue to consider beyond the $162 savings is that our members have conserved more as the previous winter the average Mass Energy member took about 810 gallons, so conservation efforts saved our members $187. This is the second year in a row they conserved as two winters ago our average member used 910 gallons, thus it appears as though the average Mass Energy member's household thermostats were turned down as much as 7 degrees from previous years! Of course many may have found other ways to conserve.

01-12-2007, 06:52 AM	#23
UserRemoved1 Permanently Disconnected iTrader: (-9) Join Date: Nov 2002 Posts: 12,647	Current trend commentary: Once the news began reporting that large investment funds were exiting oil commodity markets, prices tended to firm slightly making one wonder if the those making a major exit decided to hold on for better selling conditions or signs of a rebound. However, given the prevailing wisdom, one wouldn't think this will last particularly long and prices will resume their decline as the big money that over inflated price expectations for oil in the first place heads to the sidelines.Technical analysts continue to call for further market weakness. After reaching prices not seen since July, 2005 last week, the next downside target for Mass Energy members may well be $1.90 per gallon which was last seen in June, 2005. The last time $1.90 or even $1.80 was seen by Mass Energy members during winter months was February, 2005. Normal seasonal trend: After finishing out the Christmas and New Years' holidays on a typically up note, January tends to see wholesale prices ease to their lowest point of the year which typcially sets up the best Mass Energy members savings. Since we use 40% of our oil in January and February, what better time to have the lowest prices? Of course there have been exceptions to this rule. The exceptions have been when we are approaching a war or New York Harbor freezes over. Looking at the curve over the past two months, the 'typical' pattern has been holding fairly close to form. Last season: The average Mass Energy member saved 23 cents per gallon paying $2.20 per gallon compared to a consumer paying the state survey average of $2.43 per gallon. Our data indicates our average member has taken 725 gallons of oil, spending around $1595 to keep their homes heated this past winter. The Mass Energy savings $162 on average compared to the consumer paying the average retail price. One other issue to consider beyond the $162 savings is that our members have conserved more as the previous winter the average Mass Energy member took about 810 gallons, so conservation efforts saved our members $187. This is the second year in a row they conserved as two winters ago our average member used 910 gallons, thus it appears as though the average Mass Energy member's household thermostats were turned down as much as 7 degrees from previous years! Of course many may have found other ways to conserve.