The Think Tank

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.

Well,  I have been terribly remiss about postings.  I have been checking and oil prices have been so erratic, it has been difficult to decide when to order fuel.  Unfortunately, when the prices were low.  I was short of funds, so I waited and watched.  UP UP UP went the price.  Finally, with quite cold weather in the forecast I ordered.  We paid 3.72 per gallon.  The price immediately dropped, and has not risen to that price again.  OMG do I feel dumb.  I really thought, and luckily said so in the presence of others that the price would be falling and it did.  Today, the price is 3.52.  I could have purchased   11 1/2 more gallons of fuel at the lower price.  And since I have waited through the cold, to wait to turn on the furnace til Thanksgiving day,  I could have saved quite a bit of money.  If only I would win the lottery, I could order any old day the price is low.

Well, finally the economic crisis is helping.  The S & P dropped our credit score, and today lowered the score of Freddie Mac and Fannie May due to their dependance on Federal funds.  So the stock market reacted by falling again, and finally there are some significant drops in crude oil prices and heating oil prices.  It is about time.  I hope it continues to free fall. 

doggone it.  I do not understand the way the stock market works I guess. 

People are still of of work.  Oil prices are keeping people home, forcing

grocery prices up, and heating oil is once again over 3.00 per gallon, up 20 cents

in the past 2 weeks.  I think it will again go down.  The price was supposed to drop

when the Obana administration released so much oil from the reserves.  I guess

they will have to do something more draatic if they are going to prevent the

oil companies from running roughshod over the country, and destroying it.

ok, today the price fell on the stock market, but not at the home heating oil pump.  Unfortunate for us consumers.  Have not ventured out of the house so I cannot attest to whether or not the price for gasoline fell at the pump.  There is a very slight downward trend, so lets hope.   One would think that the largest release of emergency reserve oil would have driven the cost down.  But I guess not, if you are a speculator in cahoots with the oil companies.  Oh shoot, my bias is showing.