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Low (heating) oil prices causes grumbling among customers who locked in

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jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-02-06 11:19 AM
Original message
Low (heating) oil prices causes grumbling among customers who locked in
http://news.mainetoday.com/updates/007352.html

LEWISTON - A drop in home heating oil prices is good news for most customers - but not those who locked in at higher rates.

Customers who buy heating oil based on the daily market rate are benefiting from prices that slid last month to lows that have not been seen in months.

Those who planned ahead by locking into a rate for the coming winter are the ones who’re complaining, said Les Thomas, owner of Cash Energy Fuel.

"A lot of folks up in Lewiston-Auburn have been locked in at $2.59," he said. "They’ve been asking us if we know of any way to get out of it. It’s a tough situation."

<more>
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rodeodance Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-02-06 11:21 AM
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1. In Wisconsin also as we get ready for the COLD. People bought early
thinking prices would continue to raise..
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momzno1 Donating Member (434 posts) Send PM | Profile | Ignore Mon Oct-02-06 11:24 AM
Response to Reply #1
3. first year I EVER locked in....
and I am ROYALLY pissed!
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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-02-06 11:24 AM
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2. while I feel sorry for the NE folks locked in..
I know some thugs who are really REALLY pissed off and I'm doing a jig about that.
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Demobrat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-02-06 11:29 AM
Response to Original message
4. But the price will go up again
once the election is over. Come January-February these people will be glad they locked in when they did.
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Bonhomme Richard Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-02-06 11:43 AM
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5. You can count on the price going right back up....................
in Novemeber of the Dems don't take congress.
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Chemical Bill Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Oct-02-06 11:45 AM
Response to Original message
6. My mother's deal includes low price.
If the wholesale price drops, she gets the lower price. If wholesale rises, she has a lock. Good deal if you ask me.

Bill
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