If so, do you have your firewood ready?, so you can care less bout it. Home heating oil for this winter
Do you think, home heating oil will be high like last winter 2022 ??
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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
Minister of Fire
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
https://www.marketwatch.com/investing/future/hoz23
Iran has seized 3 oil tankers recently. As they gain confidence, do you think they'll stop doing this?
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.
Current prices from the company I get oil from :
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 $20 a month, but I'm not burning 1/2 a gallon of oil a day for HW. Added an energy efficient oil burner (new to me, but it was free
). Oil consumption for heating the apartment & HW dropped from2 gallons a day to 3/4 in the coldest temps this past winter.
Delivery Quantity(GAL) | Price/GAL($) |
|---|---|
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 $20 a month, but I'm not burning 1/2 a gallon of oil a day for HW. Added an energy efficient oil burner (new to me, but it was free
). Oil consumption for heating the apartment & HW dropped from2 gallons a day to 3/4 in the coldest temps this past winter.
You might want to keep that Grant in your pocket.
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
Saudi Arabia says it will reduce how much oil it sends to the global economy. It's took a unilateral step Sunday to support the sagging cost of crude after two earlier cuts in supply by major producing countries in the OPEC+ alliance failed to push prices higher. The Saudi cut of 1 million...
apnews.com
EbS-P
Minister of Fire
The kids will miss that McDonalds dinner, I won’t. I missed the price by 10$ a barrelYou 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. The Saudi cut of 1 million...
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.
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 |
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.
Diesel prices are up here already as heating season nears with demand increasing.
Todays prices from my oil guy
25.0 - 49.9 | $4.459 |
50.0 - 74.9 | $3.899 |
75.0 - 99.9 | $3.709 |
100.0 - 149.9 | $3.559 |
150.0 - 199.9 | $3.509 |
200.0 - 299.9 | $3.459 |
300.0 - 399.9 | $3.439 |
400.0 - 499.9 | $3.419 |
500.0 - 899.9 | $3.399 |
900.0 - 2999.9 | $3.389 |
I topped off in August, took 100 gallons @ $3.40 per.
Last year my 25 YO oil burner crapped out the beginning of November. Luckily I work for a company doing heat pump conversions / installs in NYC & Long Island. One of Con Ed's (NYC electric company) requirements is that if you do the upgrade, your oil / gas system has to be decommissioned and / or removed. I lucked into an 8 year old energy efficient oil burner for free (due to the guys @ work looking our for me) in pristine condition , as well as a hybrid 80 gal AO Smith HWH, for free 
Just had to pay for install. Oil was used for HW and heating the accessory apartment, with the old burner 1/2 gallon a day for HW, 2.5 gallons total a day for heat & HW when temps dropped below 20F. New burner uses 1 gallon a day for the same temps. Electric bill (hybrid is on economy) went up $20 a month.
The PE handles the whole house heat wise until temps drop to 30 - 35F, then the OB kicks in (Tenant is uncomfortable with the 13, so I don't push it. I also have to tell her to turn the heat up from her normal 62F when it gets really cold. I'd rather pay the oil man than the plumber
)
Win/win for me !
Last year my 25 YO oil burner crapped out the beginning of November. Luckily I work for a company doing heat pump conversions / installs in NYC & Long Island. One of Con Ed's (NYC electric company) requirements is that if you do the upgrade, your oil / gas system has to be decommissioned and / or removed. I lucked into an 8 year old energy efficient oil burner for free (due to the guys @ work looking our for me
) in pristine condition , as well as a hybrid 80 gal AO Smith HWH, for free Just had to pay for install. Oil was used for HW and heating the accessory apartment, with the old burner 1/2 gallon a day for HW, 2.5 gallons total a day for heat & HW when temps dropped below 20F. New burner uses 1 gallon a day for the same temps. Electric bill (hybrid is on economy) went up $20 a month.The PE handles the whole house heat wise until temps drop to 30 - 35F, then the OB kicks in (Tenant is uncomfortable with the 13, so I don't push it. I also have to tell her to turn the heat up from her normal 62F when it gets really cold. I'd rather pay the oil man than the plumber
)Win/win for me !
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