While we cannot control what happens with world energy prices, we can give you some understanding about why heating oil and propane prices regularly rise and fall. 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. When demand peaks during a brutally cold winter, prices often rise. Also, on a local level, operational costs (including overtime) and even competition between heating oil dealers can result in price variation.
Because propane is refined from commodities that are traded in the global market (crude oil and natural gas), the price of propane can fluctuate depending on unforeseen economic, political, climate and other factors. The amount of production and current inventory levels in a particular region also have a great effect on propane prices. Inventories are typically tracked by region, which includes New England, Mid-Atlantic, Midwest and Gulf Coast.
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 you can avoid getting 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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