The Think Tank

Not much change in the market yesterday and only a little change in our home heating oil price.  Larsen’s prices stayed the same, and Pulliam dropped 2 cents.  Market is trending down today, so I am hopeful that the price will drop for tomorrow.

A little bit down,  better than going up I guess.  Tomorrow should drop a couple of cents a least.  If it does that should be as low as it was the first of October.

I did not learn exactly what I expected when I called Larsen and Pulliam this morning.  Because of the slightly lowered price at close on Friday, I thought that the price would be down slightly today.  I was half right.  Pulliam lowered their price and Larsen raised their price.  Go figure.

So Pulliam lowered the price by 2 cents,  what I thought should happen since the price dropped at the market close by a smidgen more than 2 cents.  Strangely though, Larsen’s price went up by 4 cents taking it back to where it was on Thursday.  We shall see what tomorrow brings.  As you can tell, I have not figured this out yet.  Larsen oil just emailed me with a price for today.  The same as Friday  2.24   and 2.21.  Must have been a slip up when I called this morning.  At the market close Monday  crude went up .89 and heating oil dropped 1/4 cent.  Anybody’s guess what home heating oil does on Tuesday.

Prices gained some, and lost some overnight and are trending down today.

Good news for buying home heating oil.  Larsen’s price for 200 gallons has dropped to 2.24 per gallon.  That is one cent less than when we purchased ours the first week in October.  It is 2.21 per gallon if you purchase 400 gallons and less if you purchase 600 gallons.  Prices are trending downward today so , with any luck, the prices may be better tomorrow.  Since the oil companies base their prices on the market close, if the market closes up you can assume that the price will be higher the next day, so order that afternoon to lock in the lesser price.   At the end of trading today, heating oil closed down .0202, just slightly more than 2 cents down from yesterday.  And crude closed .99,  a dollar down for all intents and purposes.  The price locally should drop a penny or two tomorrow.  Lets hope.

The good news is prices have been falling since the market opened a couple of hours ago.  Hopefully all that will translate into lower home heating oil prices tomorrow.

Larsen Oil is down 1 cent per gallon from yesterday.   Hopefully it will be even lower tomorrow. 

Crude closed down 1.87 and heating oil closed down almost 5 cents, (.0478) so the price should drop in the morning .  We shall see.

Not sure why but the home heating oil price at Larsen Oil dropped 2 cents overnight, despite a rise in the wholesale price.  Hmm

I don’t know about you, but down is down in my book.  1 cent down is still down,  and I am hoping that down will be a theme for the week.  🙂