The Think Tank

Hi,  the stock market was closed Monday for Martin Luther King Day.  Therefore, the home heating oil prices did not change overnight.  Today the market is sort of odd.  Up overall, with crude oil gaining a little bit, and heating oil dropping a little bit.

The prices were trending down all weekend, but recovered as the market opened.  Home heating oil prices did drop as I thought they would.  That is good for us.

Todays price for 200 gallons is 2.31 at Larsens.  The last time the price was that low was Nov. 2.  It should drop again tonight.

Wednesday and Thursday were busy days and I was busy with other endeavors.  I am back on the job today.  The prices are trending downward this week and that is a good thing.  One odd thing has me wondering.  The news is reporting that gasoline prices are on the rise.  AAA is predicting quite a rise in prices.  I have not looked at the pump prices for several days, but the crude price is falling, and the heating oil price is falling so why would gasoline prices be on the rise?  Sounds fishy to me.

okay so the prices did drop today.  Crude closed down 1.13 per barrel, and heating oil dropped almost 7 cents per barrel.  The retail prices should drop this afternoon, for Mondays delivery.  Might be a good time to order fuel.   I hope it drops further,

It has been a couple of days since the last price.  Sorry ’bout that.  The weather has been unrelentingly warm in the Pacific Northwest, while freezing the rest of the country.  Good grief, Portland has been warmer than Florida for more than a week. Our temperatures have been in the high 40’s and low 50’s.  We have had two or three days with no rain, or at least only a few sprinkles vs. rain.  That changed yesterday.   The prices are dropping a little which is definitely a very good thing.  I hope the down pricing continues.

Well now, this is more like it.  Prices are dropping, YAY!!!  Weather is 40’s and raining.  Lets see what tomorrow brings.  Hopefully, prices drop even further.

Well, the temps in the Pacific Northwest remain in the 40’s unlike most of the rest of the country.  Even in the balmy southern states the mercury has dropped, leaving Florida, Georgia, Missouri, Texas etc with temps in the 20’s.  Texas windchill values are below zero.  This prolonged chill, the longest in 25 years is probably what is driving up the price of heating oil, although it is dropping oh so slightly.  The weather here is windy.  20 to 30 miles per hour in the Portland Metro area.  There was a gust at Crown Point this morning of 98 miles per hour.  Yikes

any drop is a good drop.  Let’s hope the down trend continues.  I am looking for it to go back where it was mid December, and mid October.