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when is the best time to lock in a rate for oil? and how do you do it?

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raken40
soooo in love:)

Member since 5/05

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Name:
Karen

when is the best time to lock in a rate for oil? and how do you do it?

Posted 8/30/05 11:57 AM
 
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babygirl28
LIF Infant

Member since 5/05

143 total posts

Name:
bride

Re: when is the best time to lock in a rate for oil? and how do you do it?

YOU HAVE TO CALL THE OIL COMPANY AND THEY DO IT FOR YOU...DO IT FAST.....MY GRANDMA WAS LOCKED IN AT 169 AND NOW THE CHEAPEST THEY CAN GET HER LOCKED IN IS 289. THATS CRAZY.

Posted 8/30/05 12:00 PM
 

raken40
soooo in love:)

Member since 5/05

4369 total posts

Name:
Karen

Re: when is the best time to lock in a rate for oil? and how do you do it?

if you get locked in, do they come immediately to fill your tank? I'm clueless...any info you have would be great! TIAChat Icon

Posted 8/30/05 12:17 PM
 

BrunetteMom
LIF Adult

Member since 8/05

1480 total posts

Name:

Re: when is the best time to lock in a rate for oil? and how do you do it?

Once you lock in with a price and service contract, they will make an appt to come to your home and inspect the burner (being that it's covered under the contract) and they will clean it also.. if you have under a 1/4 tank (diff companies have diff policies), they will fill it..

Good luck! I hope you lock in on a good rate but do it quick.. any price you lock in on now will be MUCH less than what the prices per gallon will be come the Winter

Posted 8/30/05 12:23 PM
 

raken40
soooo in love:)

Member since 5/05

4369 total posts

Name:
Karen

Re: when is the best time to lock in a rate for oil? and how do you do it?

would we have to pay anything right away?

Posted 8/30/05 12:28 PM
 

BrunetteMom
LIF Adult

Member since 8/05

1480 total posts

Name:

Re: when is the best time to lock in a rate for oil? and how do you do it?

My company (General Utilities) wanted 25 dollars for the service check.. but as for the oil, it wasn't COD, so they left the bill in my mailbox, and I just paid it a few days later. They also have budget plans also if you are interested.

Posted 8/30/05 12:30 PM
 

danielleandscott
My new 71 Super Beetle

Member since 5/05

13476 total posts

Name:
Scott

Re: when is the best time to lock in a rate for oil? and how do you do it?

I cannot lock in until I have a definite day that we will be getting the keys, right?
Scott

Posted 8/30/05 12:31 PM
 

BrunetteMom
LIF Adult

Member since 8/05

1480 total posts

Name:

Re: when is the best time to lock in a rate for oil? and how do you do it?

Yes, you can. Just schedule the inspection of the burner to around the same time as you will be moving in. I would just not mention that you do not live on the premises as of yet. You don't want them to try and pull a fast one on you and say that you can't lock in? got me?

Good Luck!

Posted 8/30/05 12:48 PM
 

justthe4ofus
I hate hypocrites!!!!!

Member since 5/05

6905 total posts

Name:

Re: when is the best time to lock in a rate for oil? and how do you do it?

Lock in as soon as you can! We were locked around $1.59 and now we are locked in at 2.39. I can tell you our house will be pleasantly cool this winter Chat Icon

Posted 8/30/05 12:54 PM
 

PiyoPika566
talk to the hand

Member since 5/05

1436 total posts

Name:
Stephanie

Re: when is the best time to lock in a rate for oil? and how do you do it?

eek, so for those of us that are not even in contract yet, if we end up getting a house that needs oil, we are doomed with the sky high prices Chat Icon

Posted 8/30/05 12:57 PM
 

MommyofG
just the girls

Member since 5/05

9461 total posts

Name:
Janice

Re: when is the best time to lock in a rate for oil? and how do you do it?

Posted by babygirl28

YOU HAVE TO CALL THE OIL COMPANY AND THEY DO IT FOR YOU...DO IT FAST.....MY GRANDMA WAS LOCKED IN AT 169 AND NOW THE CHEAPEST THEY CAN GET HER LOCKED IN IS 289. THATS CRAZY.

yea same here!!!!! I thought it was 239 , DH said NO its 289!!!!!!!!!! *****!!!!!!!! and I heard its going up!!!

Posted 8/30/05 1:01 PM
 

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

Re: when is the best time to lock in a rate for oil? and how do you do it?

2.89 a gallon? Thats insane.

I'd rather freeze.


Problem is... don't you need oil to heat stuff like your hot water? I can deal with a cooler house... but i need hot water for my showers!

Posted 8/30/05 1:37 PM
 

BrunetteMom
LIF Adult

Member since 8/05

1480 total posts

Name:

Re: when is the best time to lock in a rate for oil? and how do you do it?

Posted by DjPiLL

2.89 a gallon? Thats insane.

I'd rather freeze.


Problem is... don't you need oil to heat stuff like your hot water? I can deal with a cooler house... but i need hot water for my showers!



yep and to wash clothes (unless you wash your clothes in cold water)

Posted 8/30/05 1:44 PM
 

danielleandscott
My new 71 Super Beetle

Member since 5/05

13476 total posts

Name:
Scott

Re: when is the best time to lock in a rate for oil? and how do you do it?

Aw crap....I will have to wait till I know when we are closing and the round about time we will be in the house....We should be closing in the next few weeks
Scott

Posted 8/30/05 3:12 PM
 

MommyofG
just the girls

Member since 5/05

9461 total posts

Name:
Janice

Re: when is the best time to lock in a rate for oil? and how do you do it?

Posted by DjPiLL

2.89 a gallon? Thats insane.

I'd rather freeze.


Problem is... don't you need oil to heat stuff like your hot water? I can deal with a cooler house... but i need hot water for my showers!

Yes, you need the oil for hot water too!!!!Chat Icon Chat Icon Chat Icon I do a lot of laundry in cold water with that new cold tide but towels and sheets still in hot. and whites. It looks like Im gonna freeze, we are going to PA this weekend to get a TON of WOOD for our fireplace. looks like we will be using that a lot more this winter. Now I need a chimney cleaner- Chat Icon Chat Icon

Posted 8/30/05 3:19 PM
 

Tah-wee-ZAH
Kisses

Member since 5/05

15952 total posts

Name:

Re: when is the best time to lock in a rate for oil? and how do you do it?

Yeah, we just went to contract so I won't know when we are moving in yet.... GRRRRR... want to lock in. Guess I'll be using the fireplaces a lotChat Icon Chat Icon Chat Icon

Posted 8/30/05 3:43 PM
 

justthe4ofus
I hate hypocrites!!!!!

Member since 5/05

6905 total posts

Name:

Re: when is the best time to lock in a rate for oil? and how do you do it?

Posted by DjPiLL

2.89 a gallon? Thats insane.

I'd rather freeze.


Problem is... don't you need oil to heat stuff like your hot water? I can deal with a cooler house... but i need hot water for my showers!



We have solar for the hot water we are lucky.

Posted 8/30/05 8:52 PM
 

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

Re: when is the best time to lock in a rate for oil? and how do you do it?

Posted by Jamie

Posted by DjPiLL

2.89 a gallon? Thats insane.

I'd rather freeze.


Problem is... don't you need oil to heat stuff like your hot water? I can deal with a cooler house... but i need hot water for my showers!



We have solar for the hot water we are lucky.




How hot can your water get with solar? Is it more like warm to moderately hot? Or can it get crazy hot where you can burn yourself?

Posted 8/30/05 9:07 PM
 

justthe4ofus
I hate hypocrites!!!!!

Member since 5/05

6905 total posts

Name:

Re: when is the best time to lock in a rate for oil? and how do you do it?

Posted by DjPiLL

Posted by Jamie

Posted by DjPiLL

2.89 a gallon? Thats insane.

I'd rather freeze.


Problem is... don't you need oil to heat stuff like your hot water? I can deal with a cooler house... but i need hot water for my showers!



We have solar for the hot water we are lucky.




How hot can your water get with solar? Is it more like warm to moderately hot? Or can it get crazy hot where you can burn yourself?



Crazy hot that you can burn yourself! We have a filter on the shower that will prevent it from getting too hot but the sinks are HOT! With a solar tank you can adjust the max temp though. I think it's around 130 but don't quote me. We have a 275 gallon tank it's huge! We can run the dishwasher, washing machine and shower all at the same time and still have hot water. Our boiler only kicks on to maintain it's own temperature (for maybe 5 minutes a day in the Summer) and in the winter only when we have a lot of snow on the panels

Posted 8/30/05 9:16 PM
 

-DonnaMarie-
<3

Member since 5/05

6079 total posts

Name:

Re: when is the best time to lock in a rate for oil? and how do you do it?

You can't lock in to all companies at any time.

I called mine the other day and they said I have to wait for the lockin letter to go out at the end of September, which I sorta knew as its the same every year. September - April lockins.

Posted 8/30/05 9:27 PM
 

-DonnaMarie-
<3

Member since 5/05

6079 total posts

Name:

Re: when is the best time to lock in a rate for oil? and how do you do it?

Posted by Jamie

Posted by DjPiLL

2.89 a gallon? Thats insane.

I'd rather freeze.


Problem is... don't you need oil to heat stuff like your hot water? I can deal with a cooler house... but i need hot water for my showers!



We have solar for the hot water we are lucky.



Stupid question, do you need to have alot of sun to heat the panels? What if its cloudy or you get minimal sun due to large pine trees around the house.

Did you put it in? Or did you buy the house like that?

Thanks!Chat Icon

Posted 8/30/05 9:28 PM
 

justthe4ofus
I hate hypocrites!!!!!

Member since 5/05

6905 total posts

Name:

Re: when is the best time to lock in a rate for oil? and how do you do it?

We bought the house like that. We are completely surround by trees. Since they are on our roof, not a problem. The goverment is going to be offering HUGE rebates and tax breask for solar panels being installed! I really want to have these removed and have the ones put in that due the electric for the house too.

If we have a cloudy stretch or if for any reason the water temperature falls below the temperature that we have it set at the we have to back ups- 1st being the boiler would kick on and heat it up just like a normal water heater, second being if the boiler didn't do it then it would be heated up electricly.

I think we use half of what the an ordinary 2 story home uses because we rarely have to use the boiler/oiler to heat the water.

Posted 8/30/05 9:40 PM
 

KPsquared

Member since 5/05

4663 total posts

Name:

Re: when is the best time to lock in a rate for oil? and how do you do it?

The best time to lock in used to be in the summer but that is not the case any longer with the price of oil as crazy as it is. Lock in as fast as you can. I use Meenan and am very happy with their service.

Posted 8/30/05 11:23 PM
 

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

Re: when is the best time to lock in a rate for oil? and how do you do it?

I have a feeling a lot of people are going to get screwed with these rising utility bills and end up on the "ramen noodle diet".

You may even see a rise in forclosures, and I think once the price of oil hits the mainstream... its going to halt the escalating sales price increases we are used to seeing.

Posted 8/30/05 11:33 PM
 

danielleandscott
My new 71 Super Beetle

Member since 5/05

13476 total posts

Name:
Scott

Re: when is the best time to lock in a rate for oil? and how do you do it?

Posted by KimPetro

The best time to lock in used to be in the summer but that is not the case any longer with the price of oil as crazy as it is. Lock in as fast as you can. I use Meenan and am very happy with their service.



Didnt Petro buy out Meenan>?

Scott

Posted 8/31/05 8:48 AM
 
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