I'm thinking it will be good to lock in the next 2-4 weeks. I expect the oil market to strengthen after Sept.
What's your advice?
What's your advice?
joefrompa said:I don't lock-in, I simply do a single cash on delivery fill before the winter and then expect to use ~120-150 gallons for the whole winter.
That being said, I'm timing it this year to do a delivery around August 10th-15th. As of right now, I expect oil to dive $5-10 around the end of July early August (say, $90/barrel). Then waver and have high volatility. With a little luck, fuel oil prices around here will drop to $3.59 a gallon, maybe even $3.49.
But honestly, I'm talking $15-30 saved. Not exactly bank breaking, at leasat for me.
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