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Posts Tagged ‘Long Island Heating Oil Prices’

Long Islands Cheapest Oil Prices – Who to Choose

Posted on: August 18th, 2017 by Oil Prices
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When you’re trying to keep your home heated during the winter months, finding out who has the cheapest oil can be a difficult endeavor, especially on Long Island where heating oil is in such high demand. Did you know that New York is actually able to boast the greatest consumption of fuel oil in the continental United States? So here’s the big question: how do you find cheap home oil prices on Long Island?

Long Island Heating Oil Prices

Understanding the Way the Cheapest Oil Price

There are many reasons for the fluctuation in long island oil prices, but when it comes right down to it, you’re looking at environmental factors. Often it is a matter of supply and demand, meaning the less oil in circulation, the more money you’re going to be paying. There are a few other factors that pay into it with one of them being the type of company that you want to purchase your fuel oil from.

Full-Service CompaniesThese types of companies offer more than just fuel oil – they offer service for your unit and even replacement parts. It is also not uncommon for these companies to offer 24-hour service which gives you peace of mind, knowing that your unit can be repaired any time, day or night.

COD CompaniesCOD stands for Cash on Delivery and it is precisely what it sounds like. Instead of paying a subscription, you will be paying cheap home oil prices on long island each time you need to refill your tank. If you find that you don’t use the fuel oil a lot, then this might be a great option, and it’s also a great way to obtain discount oil.

Why Choose COD Companies?

Cheap Long Island Heating Oil PricesOne of the chief differences we noted between a COD company and a full-service company is the level of service that you will be getting. In all honesty, if you choose to pay for a full-service company you’re paying for their technicians, you’re paying for parts, and you’re paying for the convenience of having their techs at your beck and call 24/7, 365. If you don’t need that, then it might be a good idea to go with the company that simply supplies the fuel oil.

As far as comparing prices goes, the cost of discount oil and cheap heating oil fluctuates constantly with the market. The changes can be predicted, and it is important to jump on them when they are at their lowest.

To put it simply, the COD oil company is going to be the cheapest option simply because you won’t end up stuck on the fixed price that many full-service companies offer. You will be able to shop around, find the lowest price, and use it to your advantage. It’ll feel great to not be stuck in a contract, and getting the fuel oil you need makes it well worth it.

The bottom line here is that you simply need to shop around and you’ll find exactly what you need without all of the frills that come with full-service oil companies. Stay warm, and most importantly, keep as much of your hard earned money as possible.

 

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