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Distinctive Country Properties
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08.26.10 Some of our heating oil vendors have been holding off on setting Contract pricing for heating oil prices, hoping the barrel price would be coming down. That had not happened as of a week ago, so no pricing was yet set. A couple of suppliers were sending out notices at around the $2.85 per gallon figure for a Contract price, but current spot prices are below that in most cases. Over in Eastern MA, oil prices are posted at $2.57 a gallon but don't use this in talking with our distributers because it probably is not in the cards, here. I If you have not purchased oil since last spring, you might call your supplier and get your tank filled if there spot price is below the $2.85/gallon price right now. Whether you lock in their Contract rate, if they have one, is totally up to you at this point. I am not further along in suggesting a plan to you than I was 2 or 3 columns ago and I am likely to duck the question for this heating season if you call and ask me, as some have already done. I only know one sure thing: there is, and will be, plenty of oil this Winter. The news is starting to talk about the effect the hurricane season might have on production which will surely drive up the (short term) price of oil. We will just have to 'go with the flow' I'm afraid. ©2010 R. Leech features.
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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
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