318 Main Street | P.O. Box 1627 | Lakeville, Connecticut 06039
860.435.9891 | Fax 860.435.9400
info@robinleechrealestate.com
 
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HEATING OIL - WIDE PRICE RANGE


07.24.08

If you are concerned about heating oil pricing read on.

Taylor Oil has a pre-buy price package that is creative, protective, and currently, in my opinion, excessive. And, should you buy their insurance surcharge supplement, it gets crazy. Their plan currently calls for $5.09 per gallon pre-paid for the amount you need for the winter, until they have sold all of their available stock at that price - 420,000 gallons. There are alternatives payment schedules/costs as well. However, if you want to protect against price DECREASES, you have to pay an additional 42 cents a gallon to get the lower price - if available later on! Do the math, avoid the surcharge, at least right now, if you pre-buy the Taylor Oil package.

As this is written on Monday, two local CT corner firms have oil at $4.42 gallon and $4.65 per gallon, both well below Taylor’s current lock-in price. However, neither firm currently has a pre-buy plan available. They prefer to wait until a later date to see if they can get a lower lock-in rate at the wholesale level, at which point either or both might offer a plan, or not.

If oil quality is of concern, Taylor Oil’s offer is for #2 heating oil - a good quality; Most reputable firms deliver that same grade, but if you call around, check what type of oil they supply.

Concluding, I would do the following it you are reading this. Check with your supplier, frequently. If their price is at or around $4.70 per gallon, fill your tank(s), RIGHT now. If a lock-in rate plan is available get all the details and make an informed decision for the coming season. Try and lock in at any plan that might offer you a price below the one available above. To me, it appears that Taylor may have bought their (initial) 420,000 gallon supply at quite a high wholesale price, and are trying to sell it out at the rate noted above. However there are cheaper plans available as this goes to print.

©2008 R. Leech features.



Robinson Leech Real Estate
318 Main Street | P.O. Box 1627 | Lakeville, Connecticut 06039
Phone 860.435.9891 | Fax 860.435.9400
info@robinleechrealestate.com
Offerings subject to errors, omissions, changes or withdrawal without notice.

Licensed in Connecticut, Massachusetts, and New York


Robin's Web Journal
08.28.08
THE MARKET LIES, WAITING
As we get through the Labor Day weekend and move into Fall, there are many listings on the market around our NW corner and into the Berkshires of Massachusetts, and over the line into Dutchess and Columbia Counties of NY.



08.21.08
HEATING OIL - UPDATE AUGUST
This is probably one of the hardest topics to give an accurate forecast on, however oil has been dropping rather precipitously since I last wrote on the subject.



08.14.08
GREEN BUILDING - (Part II)
Don't measure it in terms of payback; think of it as helping the planet well into the future.



08.07.08
GREEN BUILDING-WHAT IS IT? (Part I)
Primarily, it is the construction of homes using materials least dependent on non-renewable components, much of those petroleum based.



07.24.08
HEATING OIL - WIDE PRICE RANGE
If you are concerned about heating oil pricing read on.



07.17.08
IS CURRENT PRICING, CORRECT PRICING?
The ever changing real estate market has not been kind to many sellers over the past several months and weeks.



07.10.08
OIL CONTRACTS FOR THE COMING SEASON
It should be an interesting season in the heating oil business.