Well I rolled the dice on Monday to buy 150 gallons of heating oil for my backup heating. I am in a rural area and we definitely do not get the best prices in New England as I am two hour drive from the terminals down near the coast with not much competition in the local area. One half hour east the price may be 20 cents cheaper but its over the state line and they claim they are not licensed to drive across into NH. So my cash price was $1.74 a gallon. This is about the least I have paid since I first built the house around 30 years ago. My observation is people wait to fill their tanks until a few cool nights in September and the price starts to drift up at that point so buy I it when its hot out. Time will tell if I hit the low point but expect the hurricane in the gulf will bump up prices.
Things have changed a lot in the house since the beginning. I started out with a 275 gallon tank and a Crown oil boiler with an old Fisher stove in the basement. I noticed the extreme seasonality in oil prices early on and installed a second 275 gallon tank. That covered me for an entire year. As I ramped up my wood use the yearly fills decreased to around 400 gallons per year for heat and hot water. The next big change was installation of a solar hot water system and the realization that my Crown cast iron boiler can be run as a cold start boiler (unlike many other cast iron boilers of the era). This dropped my usage to around 300 gallons a year as I ran off SHW directly from April to October with the boiler cold. Next change was my free wood boiler but that really did not make much of a dent as it just displaced my wood stove usage. I got 500 gallons storage for the wood boiler a few years later and that dropped me down to less than 100 gallons a year. I then added a cold climate minisplit and haven't bought oil for five years.
The only oil use now is winter conditions below about 20 degrees when I am away from home as my storage only buys me about 24 hours between burns when its really cold out. My system automatically fires the boiler and bypasses the storage when the storage temp drops so on rare occasions when I am out of town the boiler may run. I was down to about 50 gallons in one tank (the other is valved out) so expect this load will get me another 5 years. I do add biocide to the oil. I am tempted to remove the two standard oil tanks and put in the double contained poly 200 gallon vertical tank that take up less room but hard to justify.
Now I need to move wood my wood from the sunny side of my house into my woodshed for winter.
Things have changed a lot in the house since the beginning. I started out with a 275 gallon tank and a Crown oil boiler with an old Fisher stove in the basement. I noticed the extreme seasonality in oil prices early on and installed a second 275 gallon tank. That covered me for an entire year. As I ramped up my wood use the yearly fills decreased to around 400 gallons per year for heat and hot water. The next big change was installation of a solar hot water system and the realization that my Crown cast iron boiler can be run as a cold start boiler (unlike many other cast iron boilers of the era). This dropped my usage to around 300 gallons a year as I ran off SHW directly from April to October with the boiler cold. Next change was my free wood boiler but that really did not make much of a dent as it just displaced my wood stove usage. I got 500 gallons storage for the wood boiler a few years later and that dropped me down to less than 100 gallons a year. I then added a cold climate minisplit and haven't bought oil for five years.
The only oil use now is winter conditions below about 20 degrees when I am away from home as my storage only buys me about 24 hours between burns when its really cold out. My system automatically fires the boiler and bypasses the storage when the storage temp drops so on rare occasions when I am out of town the boiler may run. I was down to about 50 gallons in one tank (the other is valved out) so expect this load will get me another 5 years. I do add biocide to the oil. I am tempted to remove the two standard oil tanks and put in the double contained poly 200 gallon vertical tank that take up less room but hard to justify.
Now I need to move wood my wood from the sunny side of my house into my woodshed for winter.