Check our heating oil prices

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The Heating Oil Service has delivered average savings of 39 cents per gallon over the past 3 years.

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Our low price isn't just a one-time deal!

Market commentary

As we head into November, the difference between our average member price and the average retail price for non-members, according to state-published surveys of full-service dealers, is often at its lowest point for the entire year. It's from this point through the middle of February where our savings have historically grown just about every year we've been around, which is over 35 years. Expectations going ahead don't point to continued market strength although there may be spot inventory weakness in the middle of winter that could cause a jump in prices for a week or two. Otherwise, prices have remained fairly steady as the usual give and take in commodity futures markets hasn't been as pronounced as usual. Our prices are down from last year and it would appear they're going to stay that way. 

How do our prices compare?

Massachusetts' latest weekly price survey of full-service dealers, on Tuesday, November 5th documented an average price per gallon of $2.90, with a high price of $4.60 and a low of $2.35. The average prompt-pay price for our members in Massachusetts that day was $2.64, for savings of 26 cents per gallon on average. The current savings are the lowest we've seen in over a year. At this time of year dealers often keep their margins tight to either attract new customers or to prevent current ones from leaving for better offers. When you check a year or two of price changes on our price graph, you'll see that the difference begins to increase as the weather gets colder, often peaking in later January when you use the most heating oil.

Rhode Island's latest weekly survey price, on Tuesday, November 12, was $2.70. The average prompt-pay price for our members in Rhode Island that day was $2.51, for savings of 19 cents per gallon. After being as close to the survey average in Rhode Island as we ever have been we've seen our price hold steady or go down a bit while the survey has started creeping higher.. We're slowly returning to our 'normal' salvings after the Rhode Island survey website was down for much of the summer and when it was reinstituted it mysteriously dropped 20 cents at a time when the wholesale market had gone up. We're thinking they're missing a couple of their higher-priced dealers when they do their survey. Non-the less as the weather cools our savings heat up.

And in New Hampshire, the survey for Tuesday, November 5, was $2.77, while our average prompt-pay price there was $2.57, for a savings of 20 cents per gallon.

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