Thursday, October 30, 2008

feel the heat?

We are now seeing gas/oil prices drop considerably.  I've been driving to and from work, and I want to scream as I see the prices reduce on a daily basis for regular fuel, literally from 2.89 to 2.83, and the lowest I have seen thus far has been 2.81 a gallon!!!!  I'm loving it right now.

But many homeowners purchased oil this past summer at a time where oil prices were much higher, and it felt like gas was at least $6,000 to fill up your tank----OK, I know that it wasn't that high, but you know exactly what I mean.  It was breaking EVERYONE'S wallet, right?  

Now, some people are calling it the best time to purchase heating oil for your house.  Unless you bought some already, know the difference between fixed and capped rates for your heating oil.  Basically, a fixed rate with your heating supplier is just that: the price doesn't go up, and it doesn't go down.

Capped means that the rate for your oil cannot and will not go above a certain level.  But the rate can fluctuate from time to time.  Do some personal research on your own and determine which one is best for YOUR home.  Check out sites like Con Ed and Home Depot, to get some extra tips on fuel efficiency too!

   

No comments: