There's almost nothing harder to predict than the price of heating oil. This year, the unusual circumstances of the COVID-19 pandemic created a "perfect storm" of uncertainty.
Fortunately, the low price of last spring enabled us to offer a very low starting price of $1.89. The dotted line in the chart above shows what actually happened to the price of a gallon of heating oil since last fall.
With today's retail price at $2.48 a gallon, everyone who locked in their fuel price is saving money. Those members that locked in early at $1.89 are currently saving .59 cents a gallon or almost 25%. With plenty of winter left, we expect that this year's price will continue going up.
If you didn't sign up for Price Protection this year and want to know more about how it works, click on the button below. Sign up for next year's Price Protection plan starts in July.