Original Post July 2008:
I received an interesting piece of mail yesterday. It was an advertisement from our local oil and propane supplier. The advertisement was announcing this year’s pre-buy pricing. Are you ready for this folks? I wasn’t too shocked because I use propane and although it’s high it’s nothing compared to No. 2 fuel oil that conventional furnaces burn.
So here are the prices in the fine state of New Hampshire:
Pre-buy Prices require you to pay in full for the amount that you purchased the previous year.
#2 Fuel Oil = $4.74 per gallon! Yes folks….almost $5, I remember a time not that long ago when it was less than $1.
Kerosene = $4.92 per gallon!
Propane (LPG) = $2.89 This doesn’t seem bad to me considering I was paying about $2.60 last year.
So this week also poses an interesting question. Do you sign up for the pre-buy?? The last three days have seen oil drop $14 per barrel and it makes me wonder if things are about to finally cool off. I haven’t made up my mind but it’s surely a difficult decision.
How many of you are pre-buying this year? What are you paying?
Related Article – Oil Vs Propane Fuel Calculator is a great post on comparing which fuel source is a better financial decision.