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Home heating oil

2436 Views 4 Replies 4 Participants Last post by  Ithaca37
I just went down to my local oil mans office, I signed a contract for prepaid oil to be delivered to my house. The contract covers (based on last years usage) 800 gallons of heating oil, to be automaticly delivered.
Last year at this time I paid $1.65/gal. in a similar contract with the same co., This year the lock-in price is $2.44/gal..
Do the math, that prepaid contract cost me nearly $2000.00, My checking account balance just went way down.
It's a good thing I also burn wood (that I usualy get for free), or my oil bill would surely reach $3000.00.
I think I need to take a second job. :(
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You have to be careful with those pre-buy programs, in the past some of the companies have chosen not to honor the agreed upon price and instead screwed the customers with higher prices than they were promised. Not saying it will happen just a word to the wise. Good Luck. :D
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