Average Mass Energy Oil Prices from 02/09/2010 to 03/11/2010
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 3/9/10 was $2.88 with a high of $3.50 and a low of $2.44. The Mass Energy price was $2.716 for 20-30-day and $2.655 for COD or Prompt payment. Fuel Assistance was $2.556
Average Prices for Mass Energy Members:
March 11, 2010
If you pay:
20-30 Days Average = $2.723
5-10 Days Average = $2.665
COD Average = $2.660
Budget Average = $2.67
February average:*
20-30 days = $2.595 High on 2/23 = $2.688 Low on 2/8 = $2.493
5-10 days = $2.536 High on 2/23 = $2.63 Low on 2/8 = $2.434
COD = $2.531 High on 2/23 = $2.625 Low on 2/8 = $2.428
Budget = $2.545 High on 2/23 = $2.639 Low on 2/8 = $2.442
*About the same as November, 2009 and less than December & January.
Plus February in Boston was 10% 'warmer' than 'normal' in terms of degree days...
Current market commentary: Commodity futures markets have remained strong yet they have stubbornly remained within a 30 cent or so range indicating there is no strong consensus to the ultimate market direction. It's looking like the April run up has already begun...
Normal seasonal trend: March is perhaps the toughest month in terms of 'patterns.' Typically prices would be soft due to the seasonality of heating oil. However in recent years prices have been firmer in March as traders appear to be positioning themselves for April where prices have risen every year since futures markets were established for oil in the 1970s...
08-09 season recap: Our dealers report our average member took 760 gallons at an average cost of $2.16 per gallon. When compared to the DOER survey results that estimated the average Massachusetts heating oil consumer paid $2.56 per gallon last winter our average member saved $.40 per gallon! Of course with the wide swing in prices our members individual averages could range quite a bit in comparison to the average. We have had several members report averages under $2.00 per gallon, thus leaving it open that there will be members who average $2.40 or so as well. (That's the problem with averages, especially with over 16,000 data points!)
BioHeat: Our bioheat members paid an average of $2.53 per gallon for the heating season, keeping their cost in line with the state survey estimate for regular heating oil members. Currently prices are bouncing around state survey averages for our B-20 product.
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.