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Old 09-14-2012, 09:58 AM
 
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Quote:
Originally Posted by Cambium View Post
We went past $100 this morning. Too easy.
You can thank Helicopter Ben and QE 3 for weakening the dollar.
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Old 09-14-2012, 10:31 AM
 
Location: Near the Coast SWCT
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Quote:
Originally Posted by Wilton2ParkAve View Post
You can thank Helicopter Ben and QE 3 for weakening the dollar.
And who should we thank when it was at a low of 70s just a few months ago?
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Old 09-14-2012, 11:02 AM
 
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You are honestly asking me that Cam? Oil hit the 70s in the 2Q as slowing global economic growth weighed on demand amid rising OPEC output. The dollar was stronger versus a broad basket--- but only because most of the basket was weakening. Certainly not good fundamentals.
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Old 10-02-2012, 11:09 AM
 
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It seems the oil price has gone down...
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Old 10-02-2012, 11:36 AM
 
Location: Near the Coast SWCT
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Quote:
Originally Posted by phl2011 View Post
It seems the oil price has gone down...
Looks to be reloading. Thanks for the heads up! Man something telling me I should fill now. I'm going to be stubborn and wait until my 1 year mark.

Watch that $94 level!! A close above 95 and we go above $100 a barrel again
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Old 10-02-2012, 01:35 PM
 
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Is this low enough to start looking for rates to lock?
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Old 10-02-2012, 02:50 PM
 
Location: Near the Coast SWCT
63,594 posts, read 45,977,148 times
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Quote:
Originally Posted by phl2011 View Post
Is this low enough to start looking for rates to lock?
I wouldnt lock but I'd buy oil if that makes sense.

If it drops to $80 jump on a lock. Keep in mind crude oil price drops and rises dont always reflect home oil at first. There's usually a lag of a couple days.

Average price for home oil 3 weeks ago was $3.75. I actually didnt realize it was that high. WOW! A 275 gallon tank fill is over $1000.

A lock of $3.30 will be nice soon but crude prices have to drop below $84. Right now its at $91. A bit ways to go.

http://www.ct.gov/deep/lib/deep/ener...ail_prices.pdf

Left chart is the 3 month trend.

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Old 10-02-2012, 03:04 PM
 
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I just called an Oil Company, and their rates are at 3.85... the cheapest I found so far was 3.65, and this are not the rates to lock, simply to buy..
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Old 10-03-2012, 06:25 AM
 
Location: USA East Coast
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Quote:
Originally Posted by phl2011 View Post
I just called an Oil Company, and their rates are at 3.85... the cheapest I found so far was 3.65, and this are not the rates to lock, simply to buy..
I would wait until:

When fall is mild (which is often) they start to get worried by early November and by early December if it's still semi-warm they are in panic mode that they might have to "stick the oil" since they have really only 3 good months left to sell oil (Jan/Feb/March). I would wait till at least early November....the weather is forecast for the rest of October is to be normal to even a bit above normal, so for the Tri-State area that means you'll really only need heat a bit at night.

Trust be it's a game they try to run every fall....
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Old 10-03-2012, 08:27 AM
 
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I hear you.. so far I am getting by using my propane fireplace while waiting to see if prices will drop..

Thanks!
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