Our low price isn't just a one-time deal!
After narrowing to its lowest difference in years in late October, our member savings have started to grow, just as most of us have resigned ourselves to having our heat on. We've seen this happen just about every November for 35 years and this year is shaping up to be no different than any previous year in terms of heating oil savings for our members. Expectations going ahead don't point to continued market strength although there may be spot inventory weakness in the middle of winter that could cause a jump in prices for a week or two. Otherwise, prices have remained fairly steady as the usual give and take in commodity futures markets hasn't been as pronounced as usual. Our prices are down from last year and it would appear they're going to stay that way.
How do our prices compare?
Massachusetts' latest weekly price survey of full-service dealers, on Tuesday, November 19, posted an average price per gallon of $2.93, 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 $2.62, for savings of 31 cents per gallon on average.
Rhode Island's latest weekly survey price, on Monday, November 18, was $2.70. The average prompt-pay price for our members in Rhode Island that day was $2.55, for savings of 15 cents per gallon.
And in New Hampshire, the survey for Tuesday, November 19, was $2.83, while our average prompt-pay price there was $2.53, for a savings of 30 cents per gallon.