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Old 06-29-2007, 06:57 PM
 
Location: hinesburg, vt
1,574 posts, read 4,660,736 times
Reputation: 401

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I know, it's a bit early to thinking heating oil and speculating what the cost will be, but on the news tonight it was mentioned that many are probably not going to opt for the pre buy this season. I know I got burned $150.00 last season by doing the pre buy. Of course oil has now gone over $70 a bbl on the market. It appears that gasoline reserves have dipped just before the holiday, but what amazed me was that heating oil reserves are also reported to be low. This is definately fishy since heating oil is a byproduct of refining crude and throughout the spring and summer season heating oil stocks are supposed to be increased, or at least historically they always have been. Anyway, for the oil using Vermonters out there, I am curious as to opinions on whether the pre buy seems like a smart option for '07-'08 since the distributers are due to announce the price shortly.
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Old 06-30-2007, 03:32 PM
 
Location: on a dirt road in Waitsfield,Vermont
2,186 posts, read 6,459,561 times
Reputation: 1146
That's a hard one to answer. Especially after last winter. Kinda funny but my wife is in charge of figuring that out and last spring she totally spaced it out. As it turned out it was a blessing....pure luck.

This article was in the paper this morning, maybe it will help. It's always a gamble as I think you know.
Oil customers placing bets on heating season: Times Argus Online
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Old 09-25-2007, 07:24 PM
 
Location: hinesburg, vt
1,574 posts, read 4,660,736 times
Reputation: 401
Thought I would bring this thread back since on the news today it is being reported that heating oil prices are expected to rise 28% this winter. I know I was on the fence on whether or not to take the pre-buy this year and now I am thankful that I did. For the sake of so many folks on tight budgets I hope this prediction will not become true this year and that we have a mild winter.
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