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Old 06-03-2008, 08:48 AM
 
786 posts, read 1,593,046 times
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Any experts out there? My oil company is offering a lock-in price of home heating oil at $4.94/gallon at a minimum of 400 gallons. Currently the range of oil is $3.57-$4.23/gallon in this area. [Central PA] Researching the literature is no help in making a decision whether to pre-buy or take my chances. Any thoughts?
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Old 06-03-2008, 09:51 AM
 
Location: Selinsgrove, PA
1,518 posts, read 6,691,335 times
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That's high. Would you be locked into that price if the price stays the same or goes down? (I know, not much change of that happening!) Or is that the most you would pay, no matter what the prices goes to, and pay less if it's less than $4.94?
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Old 06-03-2008, 11:03 AM
 
Location: Right here, see??
1,401 posts, read 3,773,098 times
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400 GALLON MINIMUM????? I'd shop around, most only want 150 minimum, but even at that, its a serious chunk of change. I don't think I'd lock in at that price...sounds like more than a bit of gouging going on.
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Old 06-23-2008, 04:13 PM
 
169 posts, read 661,129 times
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wow that is really high. I dont think I would do it.
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Old 06-24-2008, 01:46 AM
 
41,813 posts, read 51,028,702 times
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Go buy a gas furnace and you'll pay for the furnace and the gas. Gas prices are rising fast too so that may not work out as well either.

Having said that whatever you do if you're sticking with oil I'd lock it in with someone very soon. People will be lucky to be paying $5 a gallon when the winter gets here, going to be a lot of people cold this winter.
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Old 06-24-2008, 02:02 AM
 
Location: Pittsburgh, USA
3,131 posts, read 9,371,916 times
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Spend your money on baseboard electric heating.
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Old 06-24-2008, 02:39 AM
 
Location: Middle, TN
634 posts, read 1,419,536 times
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A new woodstove is only a one time cost, around 500 and up depending on how ''fancy'' one must have. Cutting wood is very very cheap ( about 3 gallons of saw gas for a months wood using a ''indoor'' woodstove )...but I also know not everyone can cut their own wood. Just sayin' if you can, wood is not bad option if you own your home and are not renting.Heating cost these days are insane and'll probly get worse. I've seen a few rent houses that also have a woodstove for heat in these parts. I'll agree,wood heat is a job, a messy one to unless you were raised burning wood,then you think nothing of it.
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Old 06-24-2008, 03:47 AM
 
41,813 posts, read 51,028,702 times
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Quote:
Originally Posted by RS-1080 View Post
A new woodstove is only a one time cost, around 500 and up depending on how ''fancy'' one must have. Cutting wood is very very cheap ( about 3 gallons of saw gas for a months wood using a ''indoor'' woodstove )
Plus a few days of a lot of work. Like they say wood warms you up twice, once when you're cutting splitting and stacking it and again when you burn it. Add to that you have to be messing with the fire every 4 to 5 hours to keep it going.

If you want to investigate a inexpensive easy to use alternative look at anthracite coal. I you're in NEPA it's cheaper than wood at market value and its a world of difference for ease of use. Prices will increase the farther you get away.

There is pretty good thread here where I went into detail about coal: //www.city-data.com/forum/north...let-stove.html
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Old 06-24-2008, 06:18 AM
 
Location: Scranton
2,940 posts, read 3,965,214 times
Reputation: 570
Quote:
Originally Posted by judd2401 View Post
Any experts out there? My oil company is offering a lock-in price of home heating oil at $4.94/gallon at a minimum of 400 gallons. Currently the range of oil is $3.57-$4.23/gallon in this area. [Central PA] Researching the literature is no help in making a decision whether to pre-buy or take my chances. Any thoughts?

I'm just glad I ditched oil heat 2 years ago in favor of natural gas. This really sucks, a lot of people are going to be losing their shirts on these ridiculous heating oil prices.

To be honest, at those prices, you may be better off switiching to a different kind of heat, the new furnace will probably pay for itself over the course of one winter.
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Old 06-24-2008, 07:08 AM
 
169 posts, read 661,129 times
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Have you considered a pellet or coal stove?
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