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Oil contract up today - should I wait to lock in again?
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Tfor3
LIF Infant
Member since 9/06 291 total posts
Name:
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Oil contract up today - should I wait to lock in again?
So my contract is up today with Petro. I've heard that it might make sense to wait a couple of months when oil prices may be lower to negotiate a new contract (with Petro or anyone else). Does this make sense? Also, am I taking a bad risk by not having a service contract in place? I'm thinking since the warmer weather is almost here it might be OK.
Thanks for your opinions!
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Posted 3/31/08 2:34 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Oil contract up today - should I wait to lock in again?
i would say ordinarily getting your oil contract in the summer is a good idea, however, oil prices are not going down anytime soon IMO..
also getting an oil contract is a good idea..
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| Posted 3/31/08 3:30 PM |
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LemonHead
Sour Girl
Member since 3/08 5271 total posts
Name:
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Re: Oil contract up today - should I wait to lock in again?
We just have a service contract with a burner guy, then I call around for the cheapest price when I need a delivery. I am nervous about being locked in- my SIL is locked in to a price that is about $ .60 higher per gallon than what I have been paying- that's a $120 difference when you get 200 gallons delivered. It's so hard to predict what the price will be b/c it fluctuates so much.
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| Posted 3/31/08 5:08 PM |
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MDF
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Member since 5/05 2313 total posts
Name:
Melissa
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Re: Oil contract up today - should I wait to lock in again?
We are in the same boat as you. Our contract with General ended last month and when I called for a new contract they said they are not Capping prices for contracts now. I may use them for a service contract which is $125 a year. They have been great as far as service and just call around for COD oil.
Message edited 4/1/2008 10:50:29 AM.
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| Posted 4/1/08 7:48 AM |
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Tfor3
LIF Infant
Member since 9/06 291 total posts
Name:
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Re: Oil contract up today - should I wait to lock in again?
Wow - $25 a year? That's great. Maybe I should do that as well. Thanks.
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| Posted 4/1/08 9:06 AM |
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MDF
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Member since 5/05 2313 total posts
Name:
Melissa
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Re: Oil contract up today - should I wait to lock in again?
Posted by Tfor3
Wow - $25 a year? That's great. Maybe I should do that as well. Thanks.
LOL Typo. Thats $125 a year
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| Posted 4/1/08 10:50 AM |
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Tfor3
LIF Infant
Member since 9/06 291 total posts
Name:
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Re: Oil contract up today - should I wait to lock in again?
 I thought that sounded too good to be true!!
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| Posted 4/1/08 12:55 PM |
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