home oil headache
September 11, 2010 12:27 PM Subscribe
Can you help me decide if I should buy into our home heating oil co's price cap program?
posted by cestmoi15 to Home & Garden (8 answers total)
My home heating oil co sent me a letter offering to let me buy into the price cap program for this year. It will cap my oil cost at $3.299 a gallon, for a one time payment of $130.
From the only bills I have left from last year the prices were $3.09, $3.24 and $3.34. On the bill it says the tank size is 275.
I'm having trouble navigating the gov's eia site and don't know where to go for authoritative info on home oil prices.
I've only lived in apartments that included heat, before so this is a new decision for me. I'm in NYC.
Does it make financial sense to buy in to the price cap?
The heating oil co I use is mandated by my lease, so no creative thinking please.