How Much is Heating Oil in NY State

[teddy1971]

The following link shows how much heating oil costs now and how much it cost the previous year for the past two years:

http://www.nyserda.org/Energy_Information/nyepd.asp

Five years ago I paid $1.33 a gallon and now I was quoted $4.89 ($435 a month budget payment). I'm so happy my neighbor advised me to purchase a pellet stove (MT Vernon AE scheduled for install the beginning of September).

 

[R&D Guy]

Hey that's great! I don't know how people who heat with oil can stand these prices. I'm really glad natural gas has stayed so cheap. I'm installing a larger gas fireplace in my family room, but a few times I wondered if I should do a more major reconstruction and install a wood burning fireplace. Being dual fuel is really the way to go, but I'll bank on natural gas to continue being cheap for now.

One thing to consider is that pellets may be hard to find this season with the new and existing pellet crazy consumers. I'd strongly recommend buying your first ton now, and if you can buy a seasons worth. Pellet shortages have been a problem before.

 

[teddy1971]

I already have two tons in my basement and the dealer will be delivering two tons when they install of the stove

 

[R&D Guy]

Perfect!

One of the houses I rented in college had a pellet insert and my roommate's and I bought a ton of pellets for whopping $70 in 1996. It was a fairly small place, maybe 1,200 sq ft, but baseboard heat was the other option, and lets face it a fire is fun to watch at night.

 

[imacman]

I guess based on that chart, I should consider myself lucky(?)....I got my 550 Gal tank filled at $4.14/gal a week ago.

But I'm STILL going to burn a LOT of pellets ...4 tons here, another 1 ton ordered for Sept del.

 

[chuckpp]

What gets me about oil prices is that in Maine its 3.449 per gallon and in New Hampshire its 4.59 i don't get it...

 

[jumpinin]

and what gets me madder is these idiots in Washington (both parties) can't do anything more than stonewall any progress for consumer relief other than blow hot air out of their asses. I am certainly less apprehensive about the upcomming winter knowing (or atleast hoping) my oil usage will be significantly reduced with my pelllet stove.

 

[alexei27]

Very interesting here as well on pricey Long Island. Heating oil is still averaging 3.60 to 3.90 (for 200 gal or more). I cannot find anyone over $4 a gal. It's basically stuck or came down slightly from spring prices...whereas the price has crept up elsewhere.

A lot of oil companies are locking in the 4.25 to 4.75 range. A lot of people are beginning to wonder if it is better to stash some money away and buy COD rather than lock in. I however am eagerly awaiting pickup og my new Napoleon Pellet stove and have 3 tons of Lignetics pellets in my basement right next to the oil beast!

 

[DiggerJim]

What gets me about oil prices is that in Maine its 3.449 per gallon and in New Hampshire its 4.59 i don't get it...

It could be where the dealer is in the delivery cycle. Say your dealer got his shipment in last month and paid $4/gal for the load - now he's got 50,000 gallons in a tank he's got to start pushing out to customers as they need fill-ups and he's got to do that at enough of a markup to pay for his operation - maybe $4.50.

However, if he bought it today, it might only cost him $3/gal and he might be able to deliver that to you at $3.35. But he can't cut the price he's selling to you because he paid $4 for it and he's got rent, insurance, salaries, etc. Now if he believes that it will still only cost him $3 when he finally goes thru that 50,000 gallons, he might decide to split the difference - selling it for $3.80 so he loses some on the 50,000 gallons he paid the $4 for but he'll make a bit more on the $3 replacement stuff and he'll end up doing okay.

On the other hand, he does this and the price goes back up before he needs his next 50,000 gallon fill up and he's lost $10,000.

Which way do you think he's going to go?

What would you do in his place?