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Posts Tagged ‘Long Island Fuel Oil Prices’

How to Choose a Fuel Oil Company in Long Island

Posted on: August 26th, 2017 by Oil Prices
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heating oil prices on Long IslandLet’s say you’ve just purchased a home on Long Island and you’re looking to buy fuel oil to keep it heated. It is no secret that New York has the monopoly on fuel oil users, and if you’ve moved from anywhere else in the country you’re probably astounded by the sheer lack of electric heating systems in the area. If you’re confused as to how you should go about choosing a fuel oil company in Long Island and have trouble finding the best prices, don’t worry; you’ve come to the right place.

Finding Cheap Fuel Oil Company in Long Island

If you’ve just moved into a new place then the first thing you’re going to want to do is to have your system inspected to make sure that it is in good shape and that it runs efficiently. As soon as your heating system is verified and prepared, getting the heating oil is your next step and it’s not one that you will want to take lightly. The first thing you’ll want to do is consider fuel availability which is influenced heavily by local suppliers as well as the current weather.

Remember, the greater the demand, the higher the price providers can demand, which makes it considerably higher in the winter. When it comes to choosing  a lower priced fuel oil company it is important to find one that offers no frills and no extra service fees tacked on – it’s just oil, and that’s all you need.

Use the Internet to your Advantage

Fuel Oil Company in Long IslandCOD oil websites will help you to find and compare different prices, connecting you to the best fuel oil prices in Suffolk and Long Island and presenting you with the best heating oil prices on Long Island with a chart. COD services are precisely what they sound like; a singular provider of fuel oil specializing only in delivery. These stand in direct contrast to other types of fuel oil companies as they do not offer repair services or other forms of assistance for your heating unit; they simply exist to make sure you’re supplied for the cold months ahead.

Remember, the cost of fuel oil, even from COD companies will be heavily influenced by the area you are in due to availability. The more ‘in demand’ fuel oil is in your area, the better the price you will be able to score, but don’t worry, fuel oil prices in Long Island always have been, and always will be pretty competitive. It is, after all, the area with the greatest amount of fuel oil consumption in the United States.

Get it Delivered

COD services accept all major forms of payment and it won’t be long before you have the oil you need to survive the winter. Take a look at the available options, compare and contrast, and get the best deal on the market.

 

Long Island Heating Oil Prices Fall on Record Inventories

Posted on: September 3rd, 2016 by Oil Prices
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The laws of supply and demand are at it once again with the US  and Long Island Heating Oil Prices sliding following a weekly inventory check. The inventory data showed the US stockpiles of crude oil and petroleum are at an all-time high with stockpiles increasing by a full 6.6 million barrels by August 19, allowing for a total of 1.4 billion barrels. The Energy Information Administration stated that the ‘global gut’ of crude that has been a burden for oil prices over the last two years has not fully shrunk.

Anticipating Long Island Heating Oil Prices

This month, it seems that Long Island heating oil prices have risen by a full 10% in the wake of rumor or belief that production might actually be frozen. While the petrol stockpiles have been rising significantly, there have also been rises in other fuel stockpiles which included propane, diesel, and ethanol. To put it lightly, even though there has been a rise in price, there is absolutely no shortage – in fact the supply has never been better.

There are other factors at play, however. For example, a tropical wave in the Atlantic Ocean threatened a storm over the Gulf of Mexico which brought potential danger to a number of refineries in the region. This potential storm saw gasoline futures settling at 1.08 cents per gallon and diesel futures settling at 0.55 cents per gallon.

Long Island Heating Oil Prices

Home Heating Fuel Prices Affected by Production Drop

You know how it works by now; oil companies need their supply to keep their customers happy and as supplies drop, so do prices. Of course, sometimes it seems to work in the exact opposite manner. The supply of oil is at an all-time high, especially in the United States, but that doesn’t mean production is at a high. In fact, US crude production actually managed to fall by 49,000 barrels, which could definitely account for some of the price increases that we’ve been seeing. It is uncertain as to whether or not fuel oil prices will rise to an unfathomable rate, but we should definitely be prepared, especially with the recent production drop. Don’t count your fuel oil heater out of the game just yet though.

Good News for Future Long Island Fuel Oil Prices

When it comes right down to it, yes, there are some difficulties and inconsistencies going on in the market right now, but that doesn’t mean the prices are going to be insurmountable. The best thing we can do is watch and wait as the prices balance themselves out over the next few months. As production picks back up, and given the surplus that exists right now, we can probably expect that Long Island fuel oil prices will remain steady and your home will remain properly heated for the foreseeable future – especially through the long, cold winter months.

Nassau County Residents – Call 516-986-2293

Suffolk County Residents – Call 631-714-2999