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| The Scuppers This is a new forum for the not necessarily fishing related topics... |
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10-11-2005, 11:14 AM
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#1
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Registered User
Join Date: Oct 2001
Location: .
Posts: 5,935
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Posted price: The "pump" price that fluctuates with NYMEX heating oil futures. If you are a variable price customer, usually you get a slight discount (say, a nickel a gallon) off of the variable price per gallon. If you know that prices aren't going to go up or will drop sharply, this is the way to go.
Cap price: Price goes NO HIGHER than a pre-determined price (say, $2.199/gal) throughout the season. If the "posted" or variable price drops below the cap, then your price follows the posted down accordingly. If you expect a sharp rise in heating oil prices, this is your best bet at upside protection.
Fix price: "locked in" price per gallon that says the same for the entire season. Usually, your h.o. company will obligate you to buy x number of gallons. If prices go down, you could get screwed on a fixed price contract, as you are obligated to buy x gallons at x price.
Rule of thumb for New England residents: the average New England home burns 1,100 gallons of heating oil a year, and usually gets something like 5 deliveries.
A warmer than average winter DOES NOT NECESSARILY MEAN PRICES WILL GO DOWN. A COLDER THAN AVERAGE WINTER VIRTUALLY GUARANTEES THAT PRICES WILL GO UP.
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10-11-2005, 11:21 AM
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#2
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googan
Join Date: Oct 2005
Location: Googanville
Posts: 354
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Now all I have to do is find a company that offers a cap price. Mine only offers a fixed.
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10-11-2005, 02:43 PM
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#3
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DDG-51
Join Date: Mar 2002
Posts: 3,550
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We locked in at 2.69, higer than I wanted, but it includes the yearly maintenance to the boiler, and makes it easier to budget.
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10-11-2005, 04:21 PM
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#4
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Seldom Seen
Join Date: May 2001
Posts: 10,543
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Just called for a delivery for tomorrow at 2.00/gal. Tank at 5/8 full but want to keep it up. Gary at Boston Fuel in Everett I believe has been VERY good to us. His cash price was always lower than what I expected last winter.
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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10-11-2005, 07:01 PM
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#5
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Registered User
Join Date: Nov 2003
Location: On my boat
Posts: 9,703
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My propane company showed up last week
$3.50 a gal for propane to heat my garage!!!
I have natural gas in my house, who knows how high that will be !!!
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LETS GO BRANDON
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10-11-2005, 07:21 PM
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#6
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Moderator
Join Date: May 2003
Location: Marshfield, MA
Posts: 6,267
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$2.57  |
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10-12-2005, 08:21 AM
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#7
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Very Grumpy bay man
Join Date: Nov 2003
Location: Rhode Island
Posts: 10,825
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Got a delivery from Petro 2 weeks ago $2.79. feels like I have been "violated"
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No boat, back in the suds.  
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