As of today prices of heating oil are nearly 60 cents off of their highs this summer. This is fantastic news for conusmers, and for heating oil companies too. Speculators are running for the exits as fear that demand is drying up has replaced fear that supply was drying up.

As recently as early July, you couldn’t convince anyone that oil prices were going anyplace but up. In our experience that is the precise moment when they come down. Let’s hope the trend continues…

Posted in Uncategorized | Comments Feed