Bit the bullet, ordered oil

**khaski** · 08-16-2011, 03:42 PM

The pre-buy season runs 9/1-4/1.....right around the corner here. We have pre-bought 550 or so gallons for the winter, but upon checking today, our tank is 1/2 full. We pre-bought at 2.99 a gallon, price today is 3.39 a gallon (if you pay within 10 days, we always do). That's down .10 in the last few weeks. I debated filling now, and paying .40 more a gallon than our prebuy price that kicks in shortly, or jut riding it out, might have to purchase more at market price in the spring before pre-buy season ends. After thinking it over, I am willing to gamble buying it today, at 3.39, will be cheaper than possibly filling in late spring, at who knows what price? Our 550 may or may not last through 4/1- it's 50-100 gallons less than we usually buy, but we usually have an overage at the end of it (which they just revert to credit for the account). I think oil will drop another month or two, then star sky rocketing. What do you think about prices on oil for the upcoming season?

**Telephus44** · 08-16-2011, 05:58 PM

I find that it's just one of those odd laws of the universe - as soon as we fill the tank, the price will drop.

I'm not sure where prices will go, but I usually try and fill up sometime in the fall. We're not in any sort of contract or program, so we always pay market rate. It works best for us.

I'm hoping it's a mild winter.

**sinopa27** · 08-16-2011, 11:27 PM

My neighbor's use oil and they prepay with the chance the price will go down. They are scared it will go up. She did tell me that if the price goes down a certain amount then they can get credited. I believe the company does this to keep customers.