Forums | Home Repair | Home Improvement | Painting | Interior Decorating | Remodeling | Landscaping


Go Back   DIY Chatroom Home Improvement Forum > Community > Off Topic

CLICK HERE AND JOIN OUR COMMUNITY TODAY...IT'S FREE!

Reply
 
Thread Tools Search this Thread Display Modes
Old 11-22-2009, 05:25 PM   #1
Member
 
Join Date: May 2008
Location: north east
Posts: 728
Share |
Default

NO oil contract


First time in about 4 years we didn't go with a lock-in contract on fuel oil. The company I was going with mandated a lock in by end of July, not much time to decide. If I had locked, it would of been 2.499 a gallon, got oil on friday, 2.369. Only time will tell. We locked in last year at 4.99 but if it came lower, you paid lower price, we paid monthly installments. My sister prepaid, 4.79 last year and took a beating, prepaid up front, is price you paid.
Not on automatic delivery any more so I just need to remember to check the tank level.
__________________
LIVING THE DREAM
DUDE! is offline   Reply With Quote
Old 11-22-2009, 05:35 PM   #2
Member
 
Join Date: Jan 2009
Location: South of Boston, MA
Posts: 17,248
Default

NO oil contract


We filled up last Spring when it was $1.99 a gallon
With wood as heat in Fall & Spring & helping in the winter we usually only go thru 1 tank of oil a year
I haven't turned the heat on yet
Scuba_Dave is offline   Reply With Quote
Old 11-24-2009, 03:49 PM   #3
Safe, Most of the Time!!
 
brokenknee's Avatar
 
Join Date: Dec 2008
Location: MN
Posts: 652
Default

NO oil contract


I locked in propane last spring for $1.39 gal, last year my lock was $2.49 and the price dropped. I just called and the price is now $1.99 but they do not lock in this time of year.

At least this year it looks like I will come out ahead of the game.
__________________
"Clarity to Agreement" Dennis Prager

Picture/Photo Pitcher/Carafe ------- Where/Someplace Were/Be
brokenknee is offline   Reply With Quote
Old 11-24-2009, 09:33 PM   #4
Learning by Doing
 
Leah Frances's Avatar
 
Join Date: Jan 2008
Location: Easton, Maryland
Posts: 3,156
Blog Entries: 7
Default

NO oil contract


We use a 'budget plan' that starts in August. There is no 'locked' price. We just pay the same every month based on the previous years consumption and the oil company's projected price of oil for the winter.

2007 prices were super high and our consumption was too. So in 2008, our monthly payment was high. BUT () the price of oil dropped in half and our consumption went down 30%. So, by January, the oil company halved our monthly 'budget price' and they still had to pay us back some money at the end of the heating season.
__________________
If I could only remember to THINK about what I was doing before I did it.
Leah Frances is offline   Reply With Quote
Old 11-25-2009, 04:32 AM   #5
paper hanger and painter
 
chrisn's Avatar
 
Join Date: Dec 2007
Location: Hagerstown MD
Posts: 6,512
Default

NO oil contract


Quote:
Originally Posted by Leah Frances View Post
We use a 'budget plan' that starts in August. There is no 'locked' price. We just pay the same every month based on the previous years consumption and the oil company's projected price of oil for the winter.

2007 prices were super high and our consumption was too. So in 2008, our monthly payment was high. BUT () the price of oil dropped in half and our consumption went down 30%. So, by January, the oil company halved our monthly 'budget price' and they still had to pay us back some money at the end of the heating season.

We have the same thing here for natural gas, saves on those huge heating bills
chrisn is offline   Reply With Quote
Old 11-25-2009, 02:43 PM   #6
Safe, Most of the Time!!
 
brokenknee's Avatar
 
Join Date: Dec 2008
Location: MN
Posts: 652
Default

NO oil contract


We also have a budget plan available, but we can also lock in the price of propane, I think until the first of August.
__________________
"Clarity to Agreement" Dennis Prager

Picture/Photo Pitcher/Carafe ------- Where/Someplace Were/Be
brokenknee is offline   Reply With Quote
Old 11-25-2009, 02:58 PM   #7
Member
 
Join Date: May 2008
Location: north east
Posts: 728
Default

NO oil contract


Part of the reason for not locking in was the company I was using required lock in by early august, the "experts" say not to lock in til fall but I didn't find any companies around here letting you wait that long. We could budget payments but we were locking in for a set amount of gallons. Last winter we signed up for $4.99 but if was below, we got lower price, but monthly payments were high, until, like said above they dropped our payments some due to price coming way down. This year if we wanted protection for price coming down we had to pay $200.00 up front, just decided to take our chances on the open market.
__________________
LIVING THE DREAM
DUDE! is offline   Reply With Quote
Old 11-25-2009, 03:08 PM   #8
Safe, Most of the Time!!
 
brokenknee's Avatar
 
Join Date: Dec 2008
Location: MN
Posts: 652
Default

NO oil contract


When we lock in we lock in, if the price goes down, well to bad for us. Last year we got burnt, didn't lock in the year before and got burnt. This year it looks like we did good.

The lock is for a set amount of propane, you can get pretty close from looking at the prior years consumption. It doesn't mean you have to burn it all, just take delivery. Of course if the price goes up and you didn't use your allotment, they don't complain.
__________________
"Clarity to Agreement" Dennis Prager

Picture/Photo Pitcher/Carafe ------- Where/Someplace Were/Be
brokenknee is offline   Reply With Quote
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
To contract or not to contract, that is the question. gripp2020 Electrical 7 11-18-2009 06:52 PM
GC Contract questions pharmboy General DIY Discussions 10 03-30-2009 08:35 PM
Seeking Advice On Building Contract RichardE General DIY Discussions 5 04-25-2007 01:19 AM




Top of Page | View New Posts

Copyright © 2003-2014 Escalate Media. All Rights Reserved.