Last July I locked in at a ceiling price of $3.29gal for home heating oil, this year the ceiling is $5.67 and it might be worth it . 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.
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.