Heating oil costs remain uncertain

Heating oil costs remain uncertain

There are 46 comments on the Bennington Banner story from Nov 29, 2008, titled Heating oil costs remain uncertain. In it, Bennington Banner 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 Bennington Banner.

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ejh

Bennington, VT

#1 Nov 29, 2008
Gee, I feel so bad for the oil dealers.
Real Vermonter

Boston, MA

#2 Nov 29, 2008
Filled my empty tank at $2.81 the other day and I'm feeling pretty good about it! My heart goes out to those poor people who bought in at $4.59!
ray shields

AOL

#3 Nov 29, 2008
I locked in at 4.30, prepay, and understand its a valid contract. We done extremely well in the last few years with prepay and this happens to be a year where the dealer comes out a bit ahead. What I am doing is not using my oil, but using wood instead so that we might have a surplus going into next year.
Real Vermonter

Boston, MA

#4 Nov 30, 2008
My friend uses 85 gals/year. He has a woodstove in his basement that he made from a kit using a 30gal steel barrel as the base for the project. If I remember right he only uses 4 cord of wood that he cuts and splits from length logs. It's a little bit of work but the gain is well worth it. Any time I have been there you could strip to your skivies and still be warm. I'm jealous. Did anyone notice I have my period back... LOL!!

“Congrats to Green Bay”

Since: Jun 08

Pittsburgh, Pa

#5 Nov 30, 2008
Real Vermonter wrote:
My friend uses 85 gals/year. He has a woodstove in his basement that he made from a kit using a 30gal steel barrel as the base for the project. If I remember right he only uses 4 cord of wood that he cuts and splits from length logs. It's a little bit of work but the gain is well worth it. Any time I have been there you could strip to your skivies and still be warm. I'm jealous. Did anyone notice I have my period back... LOL!!
I'll alert the Associated Press about your period!!!!!!!!!!
mella

Glens Falls, NY

#7 Dec 1, 2008
X-Vermonter wrote:
<quoted text>
I'll alert the Associated Press about your period!!!!!!!!!!
Don't say it to loud, it could be illegal. How many rooms does he have in his house, and where does he live. What street?
Sarah C

Northville, NY

#8 Dec 1, 2008
Real Vermonter wrote:
My friend uses 85 gals/year. He has a woodstove in his basement that he made from a kit using a 30gal steel barrel as the base for the project. If I remember right he only uses 4 cord of wood that he cuts and splits from length logs. It's a little bit of work but the gain is well worth it. Any time I have been there you could strip to your skivies and still be warm. I'm jealous. Did anyone notice I have my period back... LOL!!
I call that Yankee ingenuity and being frugal not cheap. If there is a better way, we will find it.
It is the way that America became a great country that everyone in the World still wants to move to. Sorry for ending a sentence with a preposition. My non-union teachers taught me better; but there is no incentive anymore to work hard for a living or even try. The government is here to satisfy all my wants and needs. No I did not notice, sorry.
Real Vermonter

Boston, MA

#9 Dec 1, 2008
It's a small cozy house on a large lot on the south end of town! Plenty big enough for him, his wife and the two boys! Think ya know him? If you do I just gave you enough info to verify! You probably know me also! Talk soon!
Sarah C

Northville, NY

#10 Dec 1, 2008
Real Vermonter wrote:
It's a small cozy house on a large lot on the south end of town! Plenty big enough for him, his wife and the two boys! Think ya know him? If you do I just gave you enough info to verify! You probably know me also! Talk soon!
Was this pointed towards me? I am on your side. I don't know him or you.
Real Vermonter

Boston, MA

#11 Dec 1, 2008
No towards mella! I thought we might all knew each other and I bet some of us actually do! I knew you were on my side Sarah C! I don't know what those other fools are talking about! Did you go sking yet? For my friend he has all his ducks in a row and is so good at it that he could probably count his chickens before they hatched! The guy has had the upper hand on things like this for years! When others cry he laughs! He has earned his mountainman nickname! He's a heck of a auto mechanic too! Great guy! I have known him since the 70's when things were not so technical and very much cooler!

Since: May 08

South Hadley, MA

#12 Dec 1, 2008
Crude closed at 49 per barrel!
Santa Clause

Gansevoort, NY

#13 Dec 1, 2008
ray shields wrote:
I locked in at 4.30, prepay, and understand its a valid contract. We done extremely well in the last few years with prepay and this happens to be a year where the dealer comes out a bit ahead. What I am doing is not using my oil, but using wood instead so that we might have a surplus going into next year.
I feel your pain. I prepaid at $4.27. I agree with you though, the prepay has paid off every year but this one. so I still think I am ahead of the game.
Sarah C

Northville, NY

#14 Dec 1, 2008
ramdan wrote:
Crude closed at 49 per barrel!
So ?
Real Vermonter

Boston, MA

#15 Dec 1, 2008
It paid off every year but this one and I'm not 100% sure about that, because there wasn't a fluctuation like there was this year! You guys who locked in got screwed because the whole oil industry including your local dealer knew exactly what was about to happen! They smile to your face, play dumb and stab you in the back in the end! Better look to the sun, wind and water because this isn't the end of it! Thats where I'm headed if it keeps up! The ones like me who didn't lock in will get their screwing before this is over! I compare this to the nozzle on your furnace! Put in a bigger one and it runs less but put in a smaller one and it runs more! You still use the same amount of oil! Give the whole furnace to the metal recycler and you won't use any oil! SUCKS!
Drosophila

Springfield, MA

#16 Dec 2, 2008
ejh wrote:
Gee, I feel so bad for the oil dealers.
Don't. The refineries charge the distributors according to the crude oil price. The dealers charge a markup over their cost that gives them the necessary margin to remain profitable. Its the producers that are making less. Producer nations like the Saudis who have contract obligations that must be satisfied and need $80/bbl to break even will hurt the most at these low prices, even to the point of going bankrup ala Iceland.
Drosophila

Springfield, MA

#17 Dec 2, 2008
Sarah C wrote:
<quoted text>
So ?
Currently $49.50. Some sources predict $20 oil next year if not before. This is not the super good news you might think. It is not going to last and when prices do increase next year they will take off like a rocket.

I do not believe we will again see prices this low. The time is now to make a plan to deal with what is coming. Enjoy the low prices while they ae here. Go visit the folks you haven't seen in a while; you may not get the chance again.
Drosophila

Springfield, MA

#18 Dec 2, 2008
Real Vermonter wrote:
It paid off every year but this one and I'm not 100% sure about that, because there wasn't a fluctuation like there was this year! You guys who locked in got screwed because the whole oil industry including your local dealer knew exactly what was about to happen! They smile to your face, play dumb and stab you in the back in the end! Better look to the sun, wind and water because this isn't the end of it! Thats where I'm headed if it keeps up! The ones like me who didn't lock in will get their screwing before this is over! I compare this to the nozzle on your furnace! Put in a bigger one and it runs less but put in a smaller one and it runs more! You still use the same amount of oil! Give the whole furnace to the metal recycler and you won't use any oil! SUCKS!
It sounds like you could benefit from a competent energy analysis. your statement about the nozzles is a clue.

The most important facet of heating is to minimize heat LOSS. After that, sizing of your heating appliance is critical in that running at or near the upper limits provides the most efficient operation. That applies no matter what the fuel. Fuel grade and condition of heat transfer surfaces is equally important.
AVY

Glens Falls, NY

#19 Dec 2, 2008
Don't listen to yourselves. If OPEC continues to produce, oil will drop, they will start decreasing production mid December, so when it gets colder there, in the N E. THE PRICE WILL CLIMB, HOW MUCH IS ANYONE's guess.If king Malamala of sUadi arUbia says oil should be $75 a bar.., does he mean in Jan, Feb, March,so do the math. If the price is 50 a bar.. right now,we are paying about 2.70 a gallon or less, if it goes to $75 a bar.. you will be paying 25% more. I told you guys 6 weeks ago, if your paying $3 a gal, your paying to much.

Since: May 08

United States

#20 Dec 2, 2008
I repeat,we need to get away from fossil fuels,and go with renewables and alternatives!
SEMPER FI
Drosophila

Springfield, MA

#21 Dec 2, 2008

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