Oil Increases: Should I fill my heating tank now in summer, or wait?

Question

Oil Increases: Should I fill my heating tank now in summer, or wait?

Answer 1

I suggest waiting if you can.  Usually prices will drop after Labor Day and then increase after October 15 - which is the date that is a normal heat turn on date.

Answer 2

unless you have a locked in contract with your supplier, and the way oil and gas prices are going up .... I sure would If I could afford it!!!!

I did this with gas for the summer for cutting grass!!! I went and filled up my 500 gallon drum when gas was 2.50 a gallon.... I'm sure glad I did that!!! I'm saving a bundle now,,, I just wish I would have filled all 3 of my 500 gallon drums!!!! lol

Answer 3

That may be a smart move... what does the almanac say about the coming winter?  If were expecting a harsh winter then you may have a good plan on your hands.  You can hedge your plan with options that will expire in winter to offset your loss if you guess wrong.

Answer 4

I normaly fill my tank in the summer becouse the price allways gose up in the winter

Answer 5

Price wise it would probably be good to fill it now