Home heating oil price ?

Question

at first she said 5.46 a gallon then when I told her I thought the prices dropped, she said 4.46. this was to lock it in for a year. We just bought the house, never having oil heat before. Is this something I have to bargain with?? i live in south jersey

Answer 1

Although NOBODY can predict where oil prices are going over the next year, leastwise the 'experts', a lock-in price of $4.46 on this date looks absurd.

I would suggest finding an oil-buying coop in your area; this generally works by joining for a piddling fee of some $15/year, then you get to pick a supplier, who is a regular dealer with the difference being you get a much better price, but that price will vary daily.

Currently, thru theenergy.coop for the Philly area, prices are as "low" as $3.50/gal.  Even if you can't find something right away in your area, you can use this site to get a feel for going prices.