Oil Price Check - Jan 05, 2009

During the heating season, the state Department of Energy Resources conducts heating oil price surveys. During the last twenty-six years, Mass Energy prices have been 15-30 cents per gallon less than the average retail price charged by full-service dealers.

Search for prices since 2004.
Note that our price difference is greatest in the months that you use the most oil.

The following prices are the average daily prices charged by oil dealers contracted with the Massachusetts Energy Consumers Alliance. Mass Energy's prices differ from dealer to dealer. Contracts between Mass Energy and its thirty dealers see price variations based upon their service location and the different wholesalers pricing.

The state survey average on 12/30/08 was $2.26 with a high of $2.70 and a low of $1.59. The Mass Energy price was $1.881 for 20-30-day and $1.822 for COD or Prompt payment. 

Average Prices for Mass Energy Members:
January 5, 2008
If you pay:
20-30 Days = $2.077 Range  Hi = 2.17 Low = $1.97
5-10 Days = $2.021 Range  Hi = $2.072 Low = $1.92
COD = $2.016 Range  Hi = $2.07 Low = $1.92
Budget = $2.027

December average:*
If you pay:
20-30 Days = $2.02 Hi 12/1 = $2.34 Low 12/26 = $1.795**
5-10 Days = $1.963 Hi 12/1 = $2.284 Low 12/26 = $1.739
COD = $1.957 Hi 12/1 = $2.278 Low 12/26 = $1.733
Budget = $1.968 Hi 12/1 = $2.289 Low 12/26= $1.744
*Lowest monthly average since May, 2005
**Lowest daily price since May 24, 2005!

Current trend commentary: The Christmas bump happened over New Years this year. Political tension in the Middle East, year end re-positioning, stock market rallying and an inevitable rebound after six months of steadily falling prices led to a big jump in heating oil prices over the past few days. Hopefully the January pattern will assert itself and prices will begin to ease again shortly. We may well have seen the lowest prices for the season though at this point.

Normal seasonal trend: The 30-year pattern for January typically sees prices fall to their lowest levels of the heating season before rebounding throughout the rest of the season.

BioHeat: At this point our B-20 product is around $2.25 per gallon comparing favorably to the state survey averages. Stubbornly high biodiesel prices have kept prices up compared to regular heating oil. There are signs this may be changing as higher cost product gets worked through the system.

At Mass Energy, our daily pricing follows the market with our fixed margin program allowing for competitive prices every day.

If you want to compare more than today's prices, please call or e-mail us and we would be happy to compare our price on any day over the past years to compare what you paid on the same day.