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Old 10-22-2021, 08:29 AM   #17
8gv
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So...

Let's say one has a prepaid contract for propane at $1.68 per gallon with enough to cover the heating season.

Did the contracted company lock in a price that allows a profit despite the rising prices that we now see?

If so, did the next company up the line have a contracted price from the well head?

At what point does the communication come out saying "We can no longer honor the contracted price."

Does all of the price escalation fall to the customers that don't have contracts?

Decades ago I recall some oil delivery companies in CT going broke as a result of supplier price increases and fixed price contracts with their customers.

Many of those customers had prepaid contracts and their money evaporated.

After they lost their money, the customers had to go find oil for a much higher price.

Hang on; the seas are about to get rough!
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