Written on: February 29, 2016

Cap Oil Price Contracts Through August 2017

Because of plunging oil prices, most people have been saving a lot of money on heating costs over the past two years, whether they chose to pay our daily posted price or enrolled in our price cap program. A price cap is your safest bet because it limits how much your price can rise but not how much it can fall. (This year showed once again why a price cap is better than a fixed price contract).

While there is a lot of optimism that prices may stay low for quite some time—especially since U.S. oil production has reached its highest level in more than 40 years—nobody can ever say for certain what will happen next.

Here’s what you need to know:

• If you have used 80% of the gallons you protected last year, you can enter into a new pricing contract today.
• Not sure how much you have used? If we have your email address, an email alert is sent to you when you have received 80% of your contracts gallons and it invites you to enter into another pricing contract. You can also call or email us at any time.
• If you didn’t have a pricing contract this past year, give us a call and we’ll happy to go over your options.

You can also log into your account to review our latest pricing offers. You can also keep up with the latest pricing trends by reading our Heating Oil Price Reports. If you have questions or need advice, please call or email us at any time to request more information about our pricing options for 2016-2017.