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Old 10-09-2009, 02:34 PM
 
Location: Duluth, Minnesota, USA
7,641 posts, read 18,058,879 times
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Quote:
Originally Posted by marmac View Post
The metro tv anchors ( and nightly world news anchors) both stated that it could be a cold winter, but the good news is the heating costs have dropped.

I filled today with furnace oil ( a popular fuel in rural Minnesota) and paid ------$2.09

------$2.95 in October of last year.


However, I paid $1.95 December of last year

----------------$1.79 end of January 09
----------------$1.49 mid march of last year
(all those prices were cash prices and using the same fuel company )


Those fuel price drops were amazing last year and unless it repears itself ( highly unlikely) fuel bills for this season will be a whole lot higher.


And yet the " talking heads" from the metro and national news try to " spin" and convince you otherwise.
It dropped relative to fall last year. Perhaps the pattern will continue and it will keep dropping.
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Old 10-10-2009, 07:43 AM
 
16,368 posts, read 30,094,442 times
Reputation: 25415
Quote:
Originally Posted by marmac View Post
The metro tv anchors ( and nightly world news anchors) both stated that it could be a cold winter, but the good news is the heating costs have dropped.

Those fuel price drops were amazing last year and unless it repears itself ( highly unlikely) fuel bills for this season will be a whole lot higher.

And yet the " talking heads" from the metro and national news try to " spin" and convince you otherwise.

I purchase natural gas AND electricity for a manufacturing facility. Less than two years ago, I paid $1.25/therm in January for natural gas delivered. Two months ago, the spot market was closer to 0.31/therm.

I sat through a presentation in 2005 which stated that natural gas was "running out" and that gas would shoot up considerably. In the past three years, there have been a number of large reserves located, many in NW Louisiana so that supplies are up substantially.

If you are in a situation where you can buy fuel in the off-season, you can get some great deals and will really cut your heating prices. We buy must of our natural gas at the ead of the heating season through a program with the utility that allows us to store natural gas.

However, do realize that ALL energy costs are volatile. If this winter is a lot colder than expected, spot rates in all the fuels will jump considerably.
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