What Factors Affect The Price Of Heating Oil?

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If you get your heating oil deliveries on a ”Will Call” basis (rather than pre-paying for your gallons at the start of the season, for example), you have probably noticed that heating oil prices can change from season to season and year to year – and sometimes even from month to month. The question is, why does that happen?

Well, mainly it happens because a lot of variables come together to determine the price of heating oil. The most important of these include:

As you can see, a lot of unknowns enter the heating oil pricing equation – which makes it easy to understand why heating oil prices can be so unpredictable.

While there is no foolproof way to predict where heating oil prices might go in New England, there is one thing you can hang your winter hat on: when you become a Hocon heating oil customer, the price you pay for your heating oil will always be at least 25¢ lower than the state average* – guaranteed.

It’s one way Hocon works hard to make winter easier for our local customers. Contact us today to learn more.

*State average price is reported weekly by the US Energy Information Administration; oil prices are subject to change on a daily basis. EIA only reports weekly prices from October through March.

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