While we cannot control what happens with world energy prices, we can give you some understanding about why heating oil and propane prices rise and fall on a steady basis. This is all normal and influenced by many factors, including supply and demand, the price of crude oil, the weather, geopolitical events and Wall Street investors, to name a few.
U.S. heating-oil prices are typically driven by the use of fuel oil in homes in the Northeast, which consume about 90% of the heating oil used domestically. In a brutally cold winter, when demand peaks, prices often rise. Also, on a local level, operational costs (including overtime) and even competition between heating oil dealers can result in price variation.
Due to market speculation and fuel disruptions caused by the war in Ukraine, all energy prices have surged during the past year, regardless of fuel type. However, propane prices have increased less than other energy sources during that time period. Propane is a U.S.-produced fuel. While it’s not totally insulated from market fluctuations, it’s generally more stable, price-wise, than other fuels.
For updated pricing information, please contact us today!
One thing about being in business for more than 130 years: We’ve gotten to know our customers well.
The most important thing we’ve learned is that our customers aren’t all the same. They have different needs when it comes to propane and heating oil delivery. They also have different needs in managing their fuel costs.
That’s why we don’t do one-size-fits-all pricing and payment options. We give you choices so that you can decide what works best for you!
EasyPay: The name says it all! We make it easy for you to pay your propane or heating oil bill. Think about your fuel costs over the course of the year. Your bills are usually much higher in the winter, when you are using propane or heating oil to heat your home. But instead of being stuck with higher bills during that time, with EasyPay, your fuel costs are spread out over several months. And you get a discount of 5¢ per gallon!
PreBuy: Want to get off the roller coaster of fuel prices? With PreBuy, you purchase your heating oil or propane ahead of heating season, when prices tend to be lower.
EasyCap: Worried about price spikes during heating season? EasyCap takes that worry away. You agree to a capped price and you’ll never pay more than that for your fuel. But if the market price drops, the amount you pay will drop too!
Ready for responsive, personal service? Become an Augusta Fuel Company customer today!
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