Heating oil is a very competitive business. At any time, you may find people who are priced either higher or lower than your dealer. The difference depends upon:• The quality of the fuel and certainty of supply.• The quality of service they provide.• The payment terms, delivery options and equipment repair service they offer.
The market responds immediately to any situation that might affect supply and demand, including unexpectedly cold or warm weather, supply interruptions or excess production. These changes are immediately reflected in the wholesale price your dealer pays for the oil he delivers to you.
No. When world oil prices rise, it doesn’t mean they get a bigger share of it. It’s similar to when orange juice prices go up because of an early frost. The local grocery doesn’t make the extra money.
Anyone (including major oil companies, refiners, speculators and others) who were either smart or lucky enough to have secured oil before prices started to rise. However, these same people would have lost money had prices dropped.
