Price swings put New England oil deal...

Price swings put New England oil dealers at risk

There are 3 comments on the Brattleboro Reformer story from Nov 30, 2008, titled Price swings put New England oil dealers at risk. In it, Brattleboro Reformer reports that:

There is no business plan for what New England heating oil dealers and customers have gone through this year.

Join the discussion below, or Read more at Brattleboro Reformer.

meee

United States

#1 Dec 2, 2008
you dont hear the dealers all upset when there porkin the customers no do ya? i think that all the people who prebought should get a rebate.... all these dealers where braging profits now the tables have turn yeah!!!!!!!!!! thats what im talkin about
Vermontis

New Haven, CT

#2 Dec 2, 2008
Just as it was stupid to get an adjustable rate mortgage when interest rates were at their lowest and expect them the stay there, it was stupid to pre-buy oil when it was $5 a gallon. I looked at the available info on the net, figured those artificially high prices were NOT sustainable and bought oil 100 gallons at a time.You didnt hear the oil dealers bitching when they were collecting the signatures on those pre-buy contracts, and you can bet your rosy red arse the majority of them wont let anyone out of them , either.Its going to be a nasty winter if it gets real cold and stays that way..but the odds are against that this year, and i have no doubt the State will help out the truly needy as far as staying warm is concerned...the people who are bitching the loudest are the people who were trying to get a deal through cheapness, not necessity.
Go Forward Not Back

Warwick, MA

#3 Dec 2, 2008
Since prices usually go up in winter, I pre-bought as usual, now I'm taking a financial bath. You take your chances. In a poker game you don't get your money back just because you thought you were going to win. Customers losing money should remember that when we pre-buy, the oil company does the same with the money we give them, that's how they can keep our prices low in years when the price rises. So they're not just pocketing the profit, they paid high prices too. Better luck next year.

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