Heating oil prices from PriceEnergy including local heaing oil prices, heating fuel oil, cheatp heating oil and heating oils.

Low heating oil prices and heating fuel oil from PriceEnergy leading heating oils company.

A bit about heating oil and heating oil prices…

Heating oil is a US middle distillate petroleum product used primarily for residential and commercial heating. Heating oil prices are affected by crude oil prices and worldwide supply and demand, which varies with the economy and weather. The Organization of Petroleum Exporting Countries (OPEC) also affects crude oil supplies and prices.

It's no wonder that heating oil fuel is normally more expensive during the winter months (October-March) in the US. As temperatures fall, demand for heating oil rises as people switch on their heating. Rapid and unpredictable changes in temperature can have a serious impact on heating oil stocks, as we saw in the severe winter of 1999/2000. In fact, that winter prompted then President Bill Clinton, on July 10, 2000, to direct the Department of Energy to establish the Northeast Heating Oil Reserve. The heating oil reserve is intended to reduce the risks presented by home heating oil shortages, such as the ones experienced in December 1996 and January-February 2000.

Maximum inventory of heating oil in the reserve was determined to be two million barrels. The Department of Energy believes that a two-million-barrel reserve of heating fuel oil will provide relief from weather-related shortages for approximately ten days, which is the time it takes for ships to bring heating oils from the Gulf of Mexico to New York Harbor. Inventory for the heating oil reserve was acquired by exchanging crude oil from the Strategic Petroleum Reserve for heating fuel oil to be delivered to the storage facilities.

As a regional heating oil dealer, while PriceEnergy cannot control world energy prices, we can help you make sense of how heating oil prices are determined!

Get current heating oil prices now at PriceEnergy.com...and schedule your delivery today!
The sooner you become a member, the sooner you'll save on heating oil for your home or business!

How are oil prices set?

Heating oil is traded on the commodities market just like natural gas and electricity. This means heating oil cost is subject to normal ups and downs, just like the stock market. However, the biggest influence on the cost of wholesale heating oil is the price of its original raw material, crude oil. Due to the fluctuations in crude oil prices, as a dealer in heating oils, PriceEnergy has no idea what will happen to wholesale prices from week to week. We guarantee, however, that as a member you'll receive the best heating oil price possible and a better one than you could obtain on your own!

What causes price changes?

Any situation that could affect supply or demand can cause heating oil prices to fluctuate. This includes unexpectedly cold or warm weather, supply interruptions and excess production. On such occasions, the wholesale heating oil price is affected, so dealers pay more for the heating oil that they deliver to your home.

Do local dealers make more profit during sudden price increases?

No, quite the opposite, in fact. When world oil prices rise, dealers must pay more for wholesale heating oil and consequently, those heating oil price increases are passed on to the customer. When prices go up, customers lower their thermostats and buy less heating fuel oil. When less heating oil is purchased, while the dealer's profit margins remain the same, their profit goes down by simply not selling as much heating oils. Additionally, it is to a dealer's benefit to always price heating oil cost competitively or risk losing valued customers. As a result, PriceEnergy will incur proportionately more of the increase than we pass along to our members.

Is heating oil more expensive than other energy sources?

No. In fact heating oil is often a better value than natural gas and electricity. Because heating fuels are measured differently (in gallons, therms and kilowatt hours) the only way to compare prices is to look at how much it costs each fuel to produce the same amount of heat. This is measured in dollars per million btus. Heating oil often is the clear winner. And when adjusted for inflation, heating oil prices are actually cheaper now than they were before the first embargo in 1973. Plus, heating oil prices fluctuate. While they may be higher now, they are history would suggest that what rises will also fall at some time in the future. Electricity and natural gas rates continue to rise and rarely, if ever, go down to previous levels. If you have any questions regarding the supply of heating oil or heating oil prices this heating season, please call PriceEnergy and we'll be happy to answer your questions.

Special BJ's Wholesale Club Member Exclusive!

If you are a member of BJ's Wholesale Club, PriceEnergy is proud to announce that through a special deal worked out with BJ's, members there can now receive…

BJ's member special local heating oil prices
Exclusive BJ's member phone number
Online ordering 24/7/365 for BJ's members
Access to your private account online, anytime!

With BJ's secure payment process, payment for your heating oil delivery is arranged at the time of order using a credit card, debit card or paperless check, and is charged following delivery of your heating fuel oil.

Not home or in the office at the time of your heating oil delivery? No problem! You will receive a copy of the heating oil delivery ticket for your records. Order and delivery confirmations can also be sent to you via email if you prefer. In most cases, you will receive your heating fuel oil delivery the next business day after ordering, and always within 3 business days.

PriceEnergy.Com, Inc.
198 Green Pond Road
Rockaway, NJ 07866
Toll Free: 866-889-8900

Questions? Contact us at: CustomerService@PriceEnergy.com

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