Henry Raymond
General => General Discussion => Topic started by: Henry on June 14, 2012, 08:16:53 AM
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Well, I don't have any idea what anybody else is paying for their heating fuel, but I have been pre-buying mine for a number of years. Got my letter from Clarence Brown who purchased S B Collins and they offered me a pre-buy for $3.39 a gallon - My average yearly useage is 870 gallons for heat and hot water.
I certainly am not doing it because I think I am going to make any money off from it, but it is better than using the actual with a cap of $3.69 a gallon. Now, if I was getting big interest on that money, I might be concerned, but interest on savings is a joke.
Anyhow, all set for another year.
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Historically, at least in the short amount of time I've been paying attention, oil prices tend to dip when a presidential election nears. If I remember correctly Henry, you pre-purchased around this time of year back in 2008 and then the prices dropped significantly. Of course, I understand the benefit and peace of mind of being able to know exactly what you'll need to spend. I remember reading a quote a long time ago that said something like "never prepay for fuel in an election year". Now granted, I don't actually expect it to dip much lower than it already is, I'm just adding my 2 cents :)
(I'll probably prebuy some too)
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New York Harbor
2.632 2.677 2.655 2.682 2.614 2.627 these are the wholesale prices from last week off the rack
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Propane
Mont Belvieu, Texas
0.800 0.785 0.771 0.754 0.763
and these are the propane wholesale prices.THATS RIGHT UNDER A DOLLAR now go price a few places and see what the markup is
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Oh Ed.... $2.99 last year, pre-buy for propane...... Who knows how bad they will get me this year! It pisses me off.... to no end