Quote:
Originally Posted by hazmatmedic
That was a reasonable price back in June. You can lock in for 10 to 20 cents less now. Locking in may not be the best thing. The prices have been falling because they (prices) have caused a global destruction in usage. Prices have been rising for 6 years. Like everything, commodities are cyclical. Heating Oil is already $1 cheaper than the fixed pricing in June. There is a downward pressure on oil right now because of global economic slowdown. The world cannot sustain $150 per barrel. It will settle between $70 to $85 per barrel. For the last 12 months, the slightest concern for oil supply caused a run-up of prices. The opposite is true now.
But that's my opinion.
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Thanks Hazmatmedic I'm not going to worry about .10 or so right now. Like you say it's sure to change up and down. Chances are it's going up in the cold weather sounds like we're reasonable anyways.
