Written on: October 13, 2022
On October 5th, OPEC announced it was slashing production by two million barrels daily. Their announcement last week did not go unheard, and the markets reacted. The cost of heating oil increased by over 70 cents per gallon. This news may not only affect heating oil. Natural gas, electricity, gasoline, and propane are also expected to increase.
Although fuel prices are changing fast and are currently in an upward direction, they can turn around just as quickly. We saw prices spike in spring only to drop by more than a dollar over the summer. There are simply too many variables to know where things will go moving forward. We’ll keep you informed if and when they do.
Here are a few things to keep in mind:
If you are having trouble paying your bill, please contact us. Many times, AFC’s professional team can work with you to provide you with more time to pay, especially if you’ve been a long-term customer. If you are not currently enrolled in our EasyPay Budget Plan, we highly recommend that now may be a great time to consider doing so.
It will make budgeting your heating expenses more affordable.
The AFC Team