With pellets in short supply

[Fish On]

I will be using my oil this year even with my current pellet supply. Oil and my 401k have tanked this week and I would rather just turn on the oil at this price.

And to be honest I'm not going to fight over ten bags of crap pellets just because I got a deal and there in a broken bag.

Still love my stove and nice to have options. this will all pass over like everything else.

Keep calm and carry on folks!

 

[RhodyPelletRook]

You can say that again about 401ks this week

 

[roadking88]

You can say that again about 401ks this week

yeah X3 on this one
oil down to $2.87 around here..

 

[Phoenix Hatchling]

View your 401ks as a buying opportunity! If your horizon of need is long term, this is great news. Same with pellets, buy on the dips and look for opportunistic buys.

 

[drizler]

View your 401ks as a buying opportunity! If your horizon of need is long term, this is great news. Same with pellets, buy on the dips and look for opportunistic buys.

It all depends on if you happen to be "in or out" of the market at the time. Since I happened to be in for my quick grab which never happened I have to agree with these guys.

 

[alternativeheat]

yeah X3 on this one
oil down to $2.87 around here..

$3.05 here yesterday, don't know today. But we bought our pellets for this year, silly to buy a whole winters worth of oil too.. It's election year, of course there is a dip in oil. And we won't get into name calling about what other dips are around this time of year.

 

[mass_burner]

Hey, if you're worrying about your 401k, you either have too much risk for your age or you're a chronic worry wart.

I use heating oil ETF's to hedge the price on the upside; for the downside, I just buy oil in 100 gal lots.

 

[TimfromMA]

My oil burner wont go unless oil drops below $2 per gallon or pellets go above $550 per ton.

 

[Fish On]

Hey, if you're worrying about your 401k, you either have too much risk for your age or you're a chronic worry wart.

I use heating oil ETF's to hedge the price on the upside; for the downside, I just buy oil in 100 gal lots.

Thanks Edward Jones for the advise.

 

[moey]

I think if oil stays where it is lots more people will be saying no thanks to 40lb bags. Unless they have a crappy central heating system that guzzles or dont know how to use a calculator.

 

[johneh]

The price of #2 furnace Oil in my area last week was $1.29 per liter
My friend had 800 liters delivered the cost before Taxes was$1,032
Canadian dollars add 13% tax and now oil is out of my price range .
In the spring I purchased 4.5 tons of pellets with tax cost $1,476 Canadian
I will also burn 4 cubic cords of hard wood cut off my land . You people
must make on hell of a lot more than I do to be heating with oil I have
not burnt a drop in the last 14 years when it at $ .45 a liter

 

[alternativeheat]

I think if oil stays where it is lots more people will be saying no thanks to 40lb bags. Unless they have a crappy central heating system that guzzles or dont know how to use a calculator.

I'm not convinced the prices will hold after Nov. But hey, been wrong before !

 

[Phoenix Hatchling]

It all depends on if you happen to be "in or out" of the market at the time. Since I happened to be in for my quick grab which never happened I have to agree with these guys.

If your timing it, you lose. Were you "in or out" in 08-09? Look what happened since then.

Hey, if you're worrying about your 401k, you either have too much risk for your age or you're a chronic worry wart.
I use heating oil ETF's to hedge the price on the upside.

Agreed. There's a reason there are financial planners and educators. As far as oil goes, I LOVE IT as an investment!

 

[RhodyPelletRook]

Thanks Edward Jones for the advise.

Wiffle Ball Home Run!! Knocked it out of the park. Forum brevity award as well!

 

[cold front]

I don't get It???? must be a New England only shortage. Pellets are plentiful in here and prices just a little higher than last year.

 

[Mr. Spock]

I have two choices, electric or pellet. I don't recall electric prices ever going down and MA residents are in for a 37% increase reportedly due to a natural gas shortage. Pellet price would have to increase about 100% before I break out a calculator.

 

[Big papa]

Drop the pellet bag!and fire up the oil burner

 

[Stevekng]

I have two choices, electric or pellet. I don't recall electric prices ever going down and MA residents are in for a 37% increase reportedly due to a natural gas shortage. Pellet price would have to increase about 100% before I break out a calculator.

There is no natural gas shortage. It is a capacity shortage. The pipelines can only handle so much volume and now the power generating plants have switched over to natural gas. Then, with the cost of natural gas going up, the electric rates are going up. This might lead to off-grid electric self sufficiency, with wind and solar power generation.

 

[Stevekng]

The price of #2 furnace Oil in my area last week was $1.29 per liter
My friend had 800 liters delivered the cost before Taxes was$1,032
Canadian dollars add 13% tax and now oil is out of my price range .
In the spring I purchased 4.5 tons of pellets with tax cost $1,476 Canadian
I will also burn 4 cubic cords of hard wood cut off my land . You people
must make on hell of a lot more than I do to be heating with oil I have
not burnt a drop in the last 14 years when it at $ .45 a liter

Fuel is cheaper down here. We don't make a lot more than you folks on the socialized medicine side of the border. With your government paying for the medical care you're getting, Canada has to tax everything high.

 

[STANG32]

There is no natural gas shortage. It is a capacity shortage. The pipelines can only handle so much volume and now the power generating plants have switched over to natural gas. Then, with the cost of natural gas going up, the electric rates are going up. This might lead to off-grid electric self sufficiency, with wind and solar power generation.

correct Natural gas is man made, there can't be a shortage of something produced.
add to the pipeline problem all the residents that added natural Gas generators after SANDY. when a major storm comes & knocks out the power in a city or state & everyone firs up their generator at once, that is when panic sill set in & only then wil the gas companies do something about the pipeline

I have solar being installed next month, the rsp says I should be able to generate almost all my electric power needs by the size of my roof & panels being installed

 

[Breezy]

correct Natural gas is man made, there can't be a shortage of something produced.
add to the pipeline problem all the residents that added natural Gas generators after SANDY. when a major storm comes & knocks out the power in a city or state & everyone firs up their generator at once, that is when panic sill set in & only then wil the gas companies do something about the pipeline

I have solar being installed next month, the rsp says I should be able to generate almost all my electric power needs by the size of my roof & panels being installed

I looked into that but the company wanted me to either come out of pocket or finance 45k for a 17.5kw setup. I got a quote from SunSolar, who did you go through?

 

[JTRock]

I still depend on roughly 100 gallons about every 3 1/2 months for hot water. I am in need and am playing the drop in price game before my next delivery

 

[Johnny_Fiv3]

Hi everyone! Just wanted to say that here in Upstate NY, I have not seen a pellet shortage. Last week when I made some calls, I found there are plenty of pellets to be had. 3 Lowes in the area each has 10 tons available with more coming, 2 Home Depots had 6 ton each, my local source had 12 tons left with 10 more coming. Country Max by my work site had 15 tons on the lot with 6 more coming. Perhaps it's because of my location to the manufacturing plants? I'm not sure because I am new to pellet heat (which I LOVE BTW), but I have had zero issues sourcing pellets in my area.

 

[Mr. Spock]

correct Natural gas is man made, there can't be a shortage of something produced.

Actually natural gas is found underground and if you haven't noticed on the talk on the forums pellets are on short supply in some areas.

 

[bugman31964]

Was in Lowes in Auburn Maine today, sign on pellets "MAX 10 bags per customer". Rationing there already. Went by Tractor Supply in Rumford Maine a few days ago and they had tons of pellets in their lot as do many of the smaller delears of wood pellets. Many of the smaller dealers here do not offer delivery.