I really feel bad for those poor folks who filled up their tanks with fuel oil for close to $4 a gallon in august thinking it was going to get higher and now its down to close to 2.50 a gallon....thay must be pretty PO I love the constant steady heat my stove provides...makes me forget Im living in a house that was built in 1812 And I have the drafts to prove it.
What about the folks that as recently as 6 weeks ago signed long term contracts with their energy supplier at then gas rates, heating oil rates.
I had a guy representing Niagra Mohawk walk to my house asking me if we wanted to lock in the rate at the time. I laughed at his face. He looked confused when I informed him that enery prices were cyclical. I will never, ever forget what I paid last month, used last month, to numb my next energy bill shock.
That's the exact same thing as paying the minimum payment on your next 25% credit card balance due.
The time to lock in prices is exactly when they're not soliciting your action to do so. Like now!