Do you think, home heating oil will be high like last winter 2022 ??

[Itslay90]

If so, do you have your firewood ready?, so you can care less bout it. Home heating oil for this winter

 

[ABMax24]

Pretty early to predict, but I think they'll be lower than last winter. Diesel is 2/3 of what it was this time last year, heating oil will be similar.

 

[peakbagger]

Barring major world crisis, my guess is lower than last winter, but I really do not care as I have 2 years of wood and wood boiler plus a plug in hybrid car.

 

[EatenByLimestone]

Control what you can, like firewood put up and home insulation. Try not to worry about what you can't, like commodities prices.

 

[EbS-P]

Futures markets have been dropping. I’d bet 50$ that’s it’s lower. I think it’s a safe bet. How much lower?? That’s hard to say. OPEC+ will keep prices from dropping too far. I’d look out for more production cuts if oil prices drop below $60-65 a barrel. Natural gas I think will be more volatile.
https://www.marketwatch.com/investing/future/hoz23

 

[EatenByLimestone]

Iran has seized 3 oil tankers recently. As they gain confidence, do you think they'll stop doing this?

 

[stoveliker]

If so, do you have your firewood ready?, so you can care less bout it. Home heating oil for this winter

If you did't have your firewood ready for coming winter last year, you should worry about oil prices indeed...

My wood dries for three years before I burn it.

 

[Dix]

Current prices from the company I get oil from :

Delivery Quantity(GAL)​	Price/GAL($)​
25.0 - 49.9​	$3.559​
50.0 - 74.9​	$2.999​
75.0 - 99.9​	$2.809​
100.0 - 149.9​	$2.659​
150.0 - 199.9​	$2.609​
200.0 - 299.9​	$2.559​
300.0 - 399.9​	$2.539​
400.0 - 499.9​	$2.519​
500.0 - 899.9​	$2.499​
900.0 - 2999.9​	$2.489

In February, I paid $3.67 for 150 gallons. Still have170 gallons in the tank. I added an80 gallon hybrid/ heat pump HWH in the fall.

The electric bill went up $20 a month, but I'm not burning 1/2 a gallon of oil a day for HW. Added an energy efficient oil burner (new to me, but it was free ). Oil consumption for heating the apartment & HW dropped from2 gallons a day to 3/4 in the coldest temps this past winter.

 

[begreen]

Futures markets have been dropping. I’d bet 50$ that’s it’s lower. I think it’s a safe bet. How much lower?? That’s hard to say. OPEC+ will keep prices from dropping too far. I’d look out for more production cuts if oil prices drop below $60-65 a barrel. Natural gas I think will be more volatile.
https://www.marketwatch.com/investing/future/hoz23

You might want to keep that Grant in your pocket.

Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers

Saudi Arabia says it will reduce how much oil it sends to the global economy. It's took a unilateral step Sunday to support the sagging cost of crude after two earlier cuts in supply by major producing countries in the OPEC+ alliance failed to push prices higher.

apnews.com

 

[EbS-P]

You might want to keep that Grant in your pocket.

Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers

Saudi Arabia says it will reduce how much oil it sends to the global economy. It's took a unilateral step Sunday to support the sagging cost of crude after two earlier cuts in supply by major producing countries in the OPEC+ alliance failed to push prices higher.

apnews.com

The kids will miss that McDonalds dinner, I won’t. I missed the price by 10$ a barrel This cut doesn’t worry me like one in October would. I’m guessing prices we are seeing now are OPECs floor. The possibility of recession that many are discussing I think is driving this and many decisions.

 

[Dix]

My distributors prices this evening.

25.0 - 49.9​	$3.549​
50.0 - 74.9​	$2.989​
75.0 - 99.9​	$2.799​
100.0 - 149.9​	$2.649​
150.0 - 199.9​	$2.599​
200.0 - 299.9​	$2.549​
300.0 - 399.9​	$2.529​
400.0 - 499.9​	$2.509​
500.0 - 899.9​	$2.489​
900.0 - 2999.9​	$2.479​

 

[ABMax24]

Hope you all bought your heating oil. With oil prices on the way up heating oil will follow.

Diesel prices are up here already as heating season nears with demand increasing.