Our low price isn't just a one-time deal!
December has started with some stormy weather and a small slump in wholesale prices, which is a typical pattern after going up a bit Thanksgiving week. After having a summer and fall of prices 10-20 cents per gallon lower than last heating season, we're now about even with last year’s price. While some retail oil dealers are charging non-members prices in the $3.25 - $3.50 range, many retail oil dealers have appeared content to keep prices well under $3.00 per gallon, significantly less than the levels we saw for most of the last winter, especially in Massachusetts. Still, we expect that we will see the same pattern we've seen every December over the past 35 years or so. As wholesale prices drop and dealers increase their profit margins during the coldest months, savings are greatest for our members when they need the greatest amount of gallons delivered.
How do our prices compare?
Massachusetts' latest weekly price survey of full-service dealers, on Tuesday, November 26, posted an average price per gallon of $2.94, with a high price of $4.60 and a low of $2.35. The average prompt-pay price for our members in Massachusetts that day was $2.65, for savings of 29 cents per gallon on average.
Rhode Island's latest weekly survey price, on Monday, November 25, was $2.73. The average prompt-pay price for our members in Rhode Island that day was $2.52, for savings of 21 cents per gallon. Even the new survey points are diverging from our daily pricing regimen as the weather gets colder...
And in New Hampshire, the survey for Tuesday, December 3, was $2.82, while our average prompt-pay price there was $2.51, for a savings of 31 cents per gallon.