Our low price isn't just a one-time deal!
July is begun and most of us our turning on air conditioners or planning trips to the Cape instead of worrying about heating oil. Nonetheless the Green Energy Consumer heating oil program posts a price every business day of the year using our dollar cost averaging approach of fixing the dealers delivery charge and paying the market price on the day. The past season has been a great one for our members and the way things look the savings should continue.
Typically our price differential is lowest during the summer months due to long established pricing patterns used by heating oil dealers. Even the highest margin dealers tend to keep their prices lowest compared to the wholesale cost this time of year to protect themselves from their customers who may shop around and see much better deals with other dealers.
While some dealers pay the narrow margin high volume approach to their business, most dealers tend to increase their margins as consumers shop less and rely on the choices made during the summer (when 1% of all heating oil is delivered btw) when they thought they had the dealer with the best price. Our program is often somewhere above the lowest price dealers except during the coldest winter months when many of these dealers are unable to keep up with demand. Meanwhile our members are getting discounted oil from dealers that are dedicated to serve all their customers all year round.
NOW is a good time to arrange for a tune up as dealers often have staff they need to keep active. If you haven't had a tune up and had 5 or more deliveries since your last one it is time to get it done. While the long term recommendation has always been to get an annual tune up, the low sulfur and increasing bio-diesel percentages in heating oil make for less soot and gunk to be cleaned. So we figure once you've used 800 gallons or so it is a good time to get your system cleaned.
How do our prices compare?
Massachusetts' latest monthly price survey of full-service dealers, on Tuesday, June 11, documented an average price per gallon of $3.01, with a high price of $4.60 and a low of $2.25. The average price for our members in Massachusetts that day was $2.48, for savings of 53 cents per gallon on average.
Rhode Island's latest weekly survey price, on Monday July 8, was $2.80, with a high price of $3.92 and a low of $2.22 The average price for our members in Rhode Island that day was $2.44, for savings of 36 cents per gallon on average which is pretty high for this time of year..
And in New Hampshire, the survey for Thursday, June 6, was $2.92, while our COD there was $2.50, for a savings of 40 cents per gallon.