In loving memory of Kenis D. Keathley 6/4/81 - 3/27/22 Loving father, husband, brother, friend and firewood hoarder Rest in peace, Dexterday

Oil going up..

Discussion in 'The Pellet Bag' started by Pete Zahria, Oct 9, 2018.

  1. Birddog91

    Birddog91

    Joined:
    Oct 11, 2014
    Messages:
    331
    Likes Received:
    1,080
    Location:
    connecticut
    Heating Oil Delivery Options
    Select number of gallons to be delivered:
    One Time Heating Oil Delivery What is One Time Heating Oil Delivery?
    100 gallons X $2.339/gal = $233.90

    Todays oil in CT
     
  2. peterfield

    peterfield

    Joined:
    Feb 21, 2016
    Messages:
    197
    Likes Received:
    1,005
    Location:
    New Hampshire
    It’s the opposite of Newton’s Law on gravity. The price of oil comes down slower than it goes up. ‍
     
  3. Iron Stove

    Iron Stove

    Joined:
    Sep 17, 2014
    Messages:
    542
    Likes Received:
    1,834
    Location:
    Central CT
    I don't burn oil, but I paid 2.45 for gasoline today :thumbs:
     
  4. subsailor

    subsailor

    Joined:
    Oct 17, 2013
    Messages:
    3,693
    Likes Received:
    14,973
    Location:
    Winthrop, Maine
    Theres a bit of a price war in Augusta where I work. A new station opened up with low prices and a few other stations are offering the same price. I bought some today for $2.24.
     
  5. Scot Linkletter

    Scot Linkletter

    Joined:
    Sep 11, 2015
    Messages:
    345
    Likes Received:
    2,035
    Location:
    Athens, ME
    I've heard a rumor that there is a glut of gasoline on the market because a new rule/law (shouldn't be equivalent but they seem to be) is going into effect soon that will force ships to burn diesel fuel and not crude oil (or bunker oil). Crude oil can't just all be refined into diesel so that's creating a shortage of diesel fuel and a glut of gasoline.
    I haven't verified this. It's just a rumor for now.
     
  6. subsailor

    subsailor

    Joined:
    Oct 17, 2013
    Messages:
    3,693
    Likes Received:
    14,973
    Location:
    Winthrop, Maine
    I can understand banning Bunker C, that stuff is like sludge and has to be kept heated to make it flow. But I would think their would be other grades below diesel that they could burn instead.
     
  7. bogieb

    bogieb

    Joined:
    Mar 30, 2015
    Messages:
    11,509
    Likes Received:
    69,836
    Location:
    New Hampshire
    Rich250 and jtakeman like this.
  8. Orson_Yancey

    Orson_Yancey

    Joined:
    Feb 26, 2016
    Messages:
    199
    Likes Received:
    559
    Location:
    Portsmouth, NH
    I'll add to this thread rather than starting a new thread. In New England, I see that home heating oil has moved-up about $0.50/gallon
    to about $3.50/gal over the past two weeks. A fast increase.
     
    NortheastAl, bogieb, Chaz and 3 others like this.
  9. Canadian border VT

    Canadian border VT

    Joined:
    Feb 18, 2015
    Messages:
    16,870
    Likes Received:
    109,231
    Location:
    Vermont
    Barrel of oil up 20% last 60 days so expect that to continue until fears of recession over ride the fear of hurricanes
     
  10. billb3

    billb3

    Joined:
    Oct 7, 2013
    Messages:
    9,820
    Likes Received:
    50,429
    Location:
    SE Mass
    Futures, the month of July:
    Screen Shot 2023-08-02 at 8.04.27 AM.png

    I usually top off my tanks in Aug/Sep . Shoulda/coulda/woulda 30 days ago.
     
  11. theburtman

    theburtman

    Joined:
    Feb 26, 2019
    Messages:
    1,480
    Likes Received:
    10,804
    Location:
    Vermont
    I topped mine off in 2020 at 1.89 and still have over 3/4.
     
  12. bogieb

    bogieb

    Joined:
    Mar 30, 2015
    Messages:
    11,509
    Likes Received:
    69,836
    Location:
    New Hampshire
    Local independent HHO guy was on the town FB yesterday with the bad news of the price going up and letting people know they need to get it now before it goes up further. Hype or real possibility? IDK, but he is the cheapest out of the 3-4 that are in the general area.

    Wonder how the credit downgrade will affect it.
     
  13. jtakeman

    jtakeman Moderator

    Joined:
    Oct 4, 2013
    Messages:
    11,736
    Likes Received:
    52,712
    Location:
    NW CT foothills
    Its actually settling down a bit. it was $3.45 last week and its $3.41 this week. I won't hold my breath, But under $3.00 would be nice.

    I'm considering oil instead of pellets as its just a squeak of savings with pellets. Holding out a week or 2 to see if the price drops a bit more and that will decide. I may do a lil of both if its an equal price. But not having to fill every day and clean the stove stuff kind of favors my lazy butt to just fill the tank.
     
  14. bogieb

    bogieb

    Joined:
    Mar 30, 2015
    Messages:
    11,509
    Likes Received:
    69,836
    Location:
    New Hampshire
    Ours has done nothing but go up looking even from the cheapest guy in town. I saw a sign at another HHO company while I was driving around and they show $4.19. Also gas went up to $3.89, so another 10 cents
     
  15. NortheastAl

    NortheastAl

    Joined:
    Oct 3, 2013
    Messages:
    4,887
    Likes Received:
    28,156
    Location:
    Putnam County NY
    Just checked for HHO and the lowest price is $3.53. Gas is at $3.99 at the local Mobil. I’m hoping it isn’t too cold of a winter.
     
  16. Orson_Yancey

    Orson_Yancey

    Joined:
    Feb 26, 2016
    Messages:
    199
    Likes Received:
    559
    Location:
    Portsmouth, NH
    Checking the oil prices this morning, I see that home heating oil is close to $4.00 per gallon in
    New England. In my opinion, the price of HHO will increase more than the price of pellets do,
    over winter 2023-2024. Hence, now is the time to purchase wood pellets, if you have not already done
    so. Check www.McManusFuels.com. Henry provides accurate predictions about the future
    availability of wood pellets.
     
    Last edited: Sep 16, 2023
    MikeInMa likes this.
  17. Tullytown

    Tullytown

    Joined:
    Feb 15, 2015
    Messages:
    1,146
    Likes Received:
    3,486
    Location:
    North of Phila Eagles.
    last year oil here was 5.00 gallon..
    got a new oil tank and it was pricey to fill it up..13-1400.00.
    but, that was april 2022 and still have bit less than half tank using the harman stove 24/7 for heat...
     
    Orson_Yancey likes this.
  18. jtakeman

    jtakeman Moderator

    Joined:
    Oct 4, 2013
    Messages:
    11,736
    Likes Received:
    52,712
    Location:
    NW CT foothills
    First check on the #2 was late August($3.41) fast forward to today and its $3.78

    :picard:
     
    Orson_Yancey likes this.
  19. bogieb

    bogieb

    Joined:
    Mar 30, 2015
    Messages:
    11,509
    Likes Received:
    69,836
    Location:
    New Hampshire
    Went by the "best" (most reliable/dependable, best service etc) oil place in town yesterday and they were showing $4.19/gallon for HHO. I believe they still give a percentage discount for payment by check or cash within 10 days.

    Haven't seen the independent oil delivery guy (doesn't store his own oil) on the town FB page for over a week and he is usually a bit cheaper. However, his truck seems to be in the shop on a regular basis so he isn't as dependable, nor is he able to provide automatic deliveries. Plus, he only takes cash at time of delivery. But seems to be a good option for those that don't want auto delivery and don't wait until the last second to request a fill up.
     
    gbreda, jtakeman and theburtman like this.
  20. gbreda

    gbreda

    Joined:
    Oct 17, 2013
    Messages:
    7,434
    Likes Received:
    36,813
    Location:
    NH
    Locally its around 3.89. Up .10 in the last week.

    I pre bought 350 gallons at $3.45 a month ago.

    Several months ago I swore I would not do that again but the oil co I used last year made things right and did not charge the $1.75 "penalty" for unused gallons as long as I kept the funds on account which was my intention all along. One of the silliest clauses I ever saw.

    At $3.45/gallon on pre buy I took that as safe a price as can be this year and 350 gallons isnt enough for the season so if prices fall or rise I will deal with that at end of heating season. All the while I wont be worried about not using all of the contract gallons.