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Old 11-08-2011, 09:26 PM
 
346 posts, read 759,347 times
Reputation: 256

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Full service oil company with annual contract. Current oil price $4.19 gal.
Is this a rip off?
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Old 11-08-2011, 09:38 PM
 
73 posts, read 149,368 times
Reputation: 72
Sounds like it. I just paid 3.60 and my parents paid like 3.19
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Old 11-08-2011, 09:43 PM
 
Location: Massapequa Park
3,173 posts, read 5,669,648 times
Reputation: 1349
Yes. Wow. Switch to natural gas if you can... its less than half the cost.
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Old 11-09-2011, 05:39 AM
 
Location: Islip,NY
16,942 posts, read 19,688,588 times
Reputation: 17199
That's a rip off price. Switch to gas like Pequa said, I did and I am so glad.
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Old 11-09-2011, 05:41 AM
 
1,481 posts, read 2,709,955 times
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Quote:
Originally Posted by kajimenez View Post
Full service oil company with annual contract. Current oil price $4.19 gal.
Is this a rip off?
I paid $3.49 C.O.D. 2 weeks ago. However, I pay $225 per year for annual contract. They get you either way.
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Old 11-09-2011, 05:46 AM
 
Location: Smithtown, NY
1,600 posts, read 3,031,752 times
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Quote:
Originally Posted by kajimenez View Post
Full service oil company with annual contract. Current oil price $4.19 gal.
Is this a rip off?
Yes, absolutely. I locked in a month ago at $3.69 a gallon with a free service contract. Definately time to shop around.
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Old 11-09-2011, 07:09 AM
 
1,917 posts, read 4,494,885 times
Reputation: 787
Switching to gas is not always practical for a number of reasons.
If you really think throwing your money at a monopoly and expecting to save money you are not thinking things through.
That said, COD oil with a service contract is the best way to go. At any given time you will be paying below average for oil. That's how it's been working for me the last two years.
No matter what you do, your oil burner needs maintanence every year. Screens/filters need to be cleaned/replaced, nozzles need to be cleaned/replaced and chimney's need to be cleaned, etc. The price for maint is aprox $125 per year, so this has to be accounted for in the price of oil.
I pay $225 for an independant service contract, $125 of this goes for yearly maint, the balance is for the honor of being able to call them at 4am and telling them to come by and fix my heat!
assuming you are using 125 gallans per month for a 6 month time frame (Nov-april), you have added .30 to the cost of each gallon. This is still a huge cost saving compared to paying a full service oil company.
COD oil with independant contract is the way to go.
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Old 11-09-2011, 07:55 AM
 
Location: Georgia
2,507 posts, read 6,008,820 times
Reputation: 687
NYPIRG.... become a member.
I switched to them this year.
No Annual contract and oil is cheaper too (delivered by the local guy).
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Old 11-09-2011, 07:57 AM
 
1,593 posts, read 2,056,407 times
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locked in with slomins at 3.39/gallon two weeks ago, and that's with $100 credit that I applied to my service contract which became free.

you're getting raped.
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Old 11-09-2011, 08:51 AM
 
346 posts, read 759,347 times
Reputation: 256
Thanks everyone. I thought this was way out there. It's a shame because I have been with this company for over 7 years. I have a contract until August. This is not a locked in price, thankfully. They refused to lock in prices on contracts, citing the fluctuating fuel cost. I will check out all of the suggestions listed. There won't be an 8th year for this fuel company.

Re: Natural Gas. I had natural gas most of my life, and I am partial to natural gas. However, the expense of tranitioning just isn't in the budget. Not to mention, there is no natural gas in my area.

Thanks again!
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