Oil Price Check - Nov 21, 2008

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 10-30 cents per gallon less than the average retail price charged by full-service dealers.

 

To search for prices since 2004, click here.
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 11/18/08 was $2.75 with a high of $3.20 and a low of $2.21. The Mass Energy price was $2.392 for 20-30-day and $2.333 for COD or Prompt payment. 

Average Prices for Mass Energy Members:
November 21, 2008*
If you pay:
20-30 Days = $2.282 Range  Hi = 2.37 Low = $2.17
5-10 Days = $2.225 Range  Hi = $2.279 Lo w = $2.12
COD = $2.219 Range  Hi = $2.27 Low = $2.12
Budget = $2.23

November average to date:**
If you pay:
20-30 Days = $2.493  Hi on 5th = 2.754 Low on 21st = $2.282*
5-10 Days = $2.436  Hi on 5th = $2.697 Low on 21st = $2.225
COD = $2.432  Hi on 5th = $2.694 Low on 21st = $2.219
Budget = $2.442  Hi on 5th = $2.704 Low on 21st = $2.23
**Shaping up to be least expensive month for heating oil since August, 2007.
*Lowest daily price since March 13, 2007.

Current trend commentary: Commodity futures markets are positioning for its traditional uptick around Thanksgiving week although the larger picture of declining share markets may continue to be a drag on prices.

Normal seasonal trend: November sees prices peak early, then fall during the month only to rebound (always some) the week of Thanksgiving.

$2.50 watch:  Beginning this last week for the first time since August 27, 2007 EVERY MASS ENERGY MEMBER MAY PAY LESS THAN $2.50 PER GALLON FOR THEIR OIL. The last day Mass Energy members paid LESS than $2.00 per gallon was January 18, 2007.

BioHeat: At this point our B-20 product has gone under $2.70 per gallon comparing favorably to the state survey averages.

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.