Heating Oil Pricing Basics: Part 1 of 2 Pioneer Oil and Propane

Heating Oil Pricing Basics: Part 1 of 2

Posted: April 9, 2018

Home heating price

Two of the more common questions we get asked by our heating oil customers each year are “How much will I pay for my heating oil this year,” and “how should I pay for it?”

It’s difficult to admit, but the honest answer to the first question is “we just don’t know” – and the answer to the second question is “it depends on you.”

We’ll explain what we mean in this two-part blog post on heating oil pricing basics.

The complexity of heating oil prices

As you may have noticed over the years, the price you pay for heating oil can change – sometimes radically – from one heating season to the next. This happens because many forces come into play to determine the market price for heating oil.

Here are five of the most important ones:

As you can see, with so many variables in play it’s not easy to predict where heating oil prices might go in Massachusetts – which is a big reason why we offer heating oil payment plan options that help you cope with the volatility, based on your level of comfort with risk. We’ll talk more about those plans in Part 2 of this post – stay tuned!

While we can’t predict the price of heating oil, we can guarantee you’ll get fair pricing on every gallon you buy from us – every day, year after year. Contact us today to become a Pioneer customer and see for yourself!