The Think Tank

Oil Prices 12/2/2011

by on Dec.03, 2011, under Oil Prices

Well, I really thought the price of heating oil was going to drop.  I waited and waited,  missed an opportunity or two when it did drop in the summer and early fall, but I did not have the money to order it.  I had a hunch it was going to drop , and I waited and waited.  finally ordering oil when below freezing temps were promised.  So I paid 3.72 per gallon.  And the cold temps did not arrive,  and the price of oil started down.  Before I turned on the furnace, the day after Thanksgiving, the price was down to 3.52,  a full 20 cents less than I paid.  Doggone it. 

It continues to drop today.  Now for the part I really don’t understand.  It has gone up on the market, but down in real life.  Go figure that one.  Today at Larsen OIl  200 gallons was at 3.44, and 3.40 for 400 gallons.  In case you are interested had I spent the same 744.00  I could have purchased 16 gallons more fuel.  Dang it.

Larsen Oil 503 281 0003   200g 3.52 400g       3.47  no change
First Call Oil 503 231 3311   200g unk 400g unk no change
——————————————————————————————————————————————————-
 12/01/11 Close        99.59 Crude   12/2/11   Close        100.20  up .61  
12/01/11   Close    3.006 Heating Oil   12/1/11   Close   2.9694 Down.04 

 


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