The Think Tank

Oil Prices

Crude Oil prices vs. local heating oil prices
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  • Dec. 09, 2009 Oil Prices December 9, 2009Sue

    This morning the temperature at 8am, or so was 10 degrees. Official temp was 12.  Not as windy.It warmed up to an official temp or 30, not quite that warm at our house.

      Hmm, yesterday there was a slight drop in heating oil and crude oil by the time the market closed.  And strangely, Larsen raised their prices 3 cents in response to the 2 cent drop.  Pulliam remains the same as yesterday.  Today the market price seems to be dropping.

    Larsen Oil 503 281 0003   200g 2.29 400g 2.26 up  .03
    Pulliam Oil 503 564 4968   200g 2.28 400g 2.26 no change
    ——————————————————————————————————————————————————-
    12/08/09 Close 72.77 Crude   12/09/09 Close  70.65   down  2.12
    12/08/09 Close 2.0185 Heating Oil   12/09/09 Close  1.9209   down  .0711

    Olay,  heating oil at market close was more than 7 cents per gallon down.  And crude lost more than 2.00 per barrel.  So …….. home heating oil SHOULD drop significantly in the morning.  We shall see.

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  • Dec. 08, 2009 Heating Oil Prices Today December 8, 2009Sue

    The low temp this morning was 13, the high today was 28. 

    I said I thought the price might drop for todays consumers and it did, a little bit.  That is most definitely a good thing.

    Larsen Oil 503 281 0003   200g 2.26 400g 2.23 down  .03
    Pulliam Oil 503 564 4968   200g 2.28 400g 2.26 up  .02
    ——————————————————————————————————————————————————-
    12/07/09 Close 73.98 Crude   12/08/09 Close  72.77   down  1.21
    12/07/09 Close 2.0198 Heating Oil   12/08/09 Close  2.0185   down  .0265

    So prices did drop today.  1.21 down for crude oil, and a little more than 2 cents for heating oil.  Prices should drop for tomorrow.  Probably 2 cents.  We shall see if I am learning anything and if my prediction is correct tomorrow. 

    I love the cold weather.  It will be more fun if we get some nice snow, and really cold weather for Christmas.  I think I will get all my shopping done this next week and then we will be ready for it when it comes.  I am dreaming of a White Christmas, and I am not referring to a drink, although that is okay too!

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  • Dec. 07, 2009 Oil Prices Today December 7, 2009Sue

    Friday, the day before our party was pretty warm.  Cooler at night.  Was slightly below freezing Friday night.  Saturday was cool, all day long.  The cold weather they are threatening is here, or darn close.  I think the high was Saturday was about 38 and the low about 29.  Sunday the 6th, the east wind started to blow.  It was howling all day long, and driving in cold air from the gorge.  The temp was low, I think the high was about 34 and the low about 23 or so.  Monday morning when Dan and Rosemary left it was about 20 or so.  They returned home to -23 F.  We were not that cold.  The temperature dropped most of the day. 

    Well I messed up Friday, and did not collect any info at all.  So today, I will use today’s opening prices and closing prices.  Hopefully I will be back on track and do a better job in the days to come.

    Larsen Oil 503 281 0003   200g 2.29 400g 2.26 no change
    Pulliam Oil 503 564 4968   200g 2.26 400g 2.24 no change
    ——————————————————————————————————————————————————-
    12/07/09 Close 75.47 Crude   12/07/09 Close  73.98   down 1.49
    12/07/09 Close 2.0360 Heating Oil   12/07/09 Close  2.0198   down  .0185

    Okay, prices did fall today,  almost 2 cents for home heating oil, and 1.49 for crude.  So we should see a slight drop in price for home heating oil tomorrow.

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  • Dec. 04, 2009 Oil Prices today December 5, 2009Sue

    Getting cooler, they say it is going to get downright chilly,  sunny today, near freezing last night, and they say it will be below freezing tomorrow night.

    sorry, today is the day before our party and I forgot to call and collect the info from Larsen and Pulliam oil companies this morning.  I also did not check this morning for the open and I was not around in the afternoon to see the close.  The price should have been very close to Thursday’s price, and prices went up a few cents so I expect the price will be slightly higher on Monday. 

    Hope to see many of you on Saturday at our 35 th Annual Open House.

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  • Dec. 03, 2009 Oil Prices Today December 3, 2009Sue

    Hmmm.  Yesterday the market closed with heating oil down a smidge over 3 cents and crude down 1.51.  Today’s local heating oil prices surprised me a little with Larsen staying exactly the same, and Pulliam down 4 cents.

    Larsen Oil 503 281 0003   200g 2.29 400g 2.26 no change
    Pulliam Oil 503 564 4968   200g 2.26 400g 2.24 down  .o4
    ——————————————————————————————————————————————————-
    12/02/09 Close 76.71 Crude   12/03/09 Close 75.88   down .83
    12/02/09 Close 2.0372 Heating Oil   12/03/09 Close 2.0360   down .oo12

    Well, it went down, however infinitesimal the drop.  Down is better than up.  Crude went down 83 cents per barrel, and heating oil went down less than 1 cent.  Tomorrow should stay the same.  We shall see in the morning.

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  • Dec. 2, 2009 Oil Prices Today December 2, 2009Sue

    Happy Birthday Jane !  The good news is the market is trending down today.  So hopefully tomorrows prices will drop again.

    Larsen Oil 503 281 0003   200g 2.29 400g 2.26 no change
    Pulliam Oil 503 564 4968   200g 2.30 400g 2.28 up  .o1
    ——————————————————————————————————————————————————-
    12/01/09 Close 78.22 Crude   12/02/09 Close  76.71    down  1.51
    12/01/09 Close 2.0682 Heating Oil   12/02/09 Close  2.0372    down   .o310

    Yesterday the market closed up.  Heating Oil was up 6 cents, and crude was up .85 cents.  I expected home heating oil to climb by 6 cents, but Larsen did not raise their prices at all, and Pulliam went up 1 cent.  It is losing ground at the moment so perhaps it will lose what it gained yesterday.  That is what I am going to think.  Okay, the prices dropped, but not as far as they rose yesterday.  There is hope for tomorrow.

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  • Dec. 1, 2009 Oil Prices today December 1, 2009Sue

    okay, this trend of heating oil going up, up, up is getting tiresome.  Think down, down, down,  Go Team !

    Larsen Oil 503 281 0003   200g 2.29 400g 2.26 up  .02
    Pulliam Oil 503 564 4968   200g 2.29 400g 2.27 up  .o2
    ——————————————————————————————————————————————————-
    11/30/09 Close 77.37 Crude   12/01/09 Close  78.22    up  .85
    11/30/09 Close 2.0060 Heating Oil   12/01/09 Close  2.0682    up .0622

    Well, the price for heating oil really jumped today, more than 6 cents per gallon.  Darn it, the prices will go up quite a bit tomorrow.

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  • Nov. 30, 2009 Heating Oil Prices today November 30, 2009Sue

    Friday’s prices dropped.  More than a dollar for crude, and less than a cent for heating oil.

    Larsen Oil 503 281 0003   200g 2.27 400g 2.24 no change
    Pulliam Oil 503 564 4968   200g 2.27 400g 2.25 no change
    ——————————————————————————————————————————————————-
    11/27/09 Close 75.97 Crude   11/30/09 Close  77.37    up 1.34
    11/27/09 Close 1.9645 Heating Oil   11/30/09 Close  2.0060    up .o415

    Well, despite the market closing down, crude and heating oil went up.  Crude did not make up all of its loss from Friday, but heating oil rose almost 5 cents.  Doggone it anyway.  I am still hoping for a drop in the price of heating oil.  A sustained drop would be nice.

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  • Nov. 27, 2009 Heating Oil Prices November 27, 2009Sue

    Well the prices went up as I thought they would.  They rose higher than I thought they would though.

    Larsen Oil 503 281 0003   200g 2.27 400g 2.24 up .06 
    Pulliam Oil 503 564 4968   200g 2.27 400g 2.25 up .05
    ——————————————————————————————————————————————————-
    11/25/09 Close 77.78 Crude   11/27/09 Close  75.97    down  1.81
    11/25/09 Close 1.9690 Heating Oil   11/27/09 Close  1.9645    down  .0045

    Okay, the day after Thanksgiving market trended down, crude dropped 1.81 and heating oil dropped less than 1 cent.  Probably home heating oil will remain the same on Monday.  We shall see.

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  • Nov. 25, 2009 Oil Prices today November 25, 2009Sue

    First tomorrow is Thanksgiving Day.  HAPPY THANKSGIVING ! ! ! !   Home heating oil prices did drop a bit.  That is good for us.  Lets hope this down trend continues.  I want to buy some more.

    Larsen Oil 503 281 0003   200g 2.21 400g 2.18 down .03
    Pulliam Oil 503 564 4968   200g 2.22 400g 2.20 down .02
    ——————————————————————————————————————————————————-
    11/24/09 Close 75.94 Crude   11/25/09 Close  77.78    up  1.94
    11/24/09 Close 1.9488 Heating Oil   11/25/09 Close  1.9690    up  .0202

    Darn it, prices for crude and heating oil went up today.  So prices of home heating oil will go up on Friday.  Order today if you need oil.  Have a great Holiday tomorrow,  lets see what Friday brings.

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