Did they hike the price up anymore than it already is?

sounds like BS. There's plenty of No2 heating oil in reserve for this winter. Prices are high but there's plenty to go around. This is fear mongering bullshit. Find a new supplier.

Sweet. So on top of probably not being able to afford home heating oil, we're not going to get as much as we need?

Are they actively trying to kill people for profit?

Yes.

Which oil company told you this?

What oil company said this?

I saw on the news last night that there is only a 25 day supply of diesel in the United States. This self inflicted energy crisis is getting scary, as nearly all fuel delivery trucks run on diesel.

That 25 day supply started in oct 15. So it’s less than that now.

It's not exactly self inflicted when oil companies are intentionally keeping prices higher and limiting production.

It's less a matter of direct politics and more a matter of unchecked corporate greed.

It seems you were confused by what you heard. The 'reserve' of diesel has 25 days left. But the flow and supply continues. That's like saying "I only have 25 days of canned goods in my basement" and thinking you will starve...

I get it.. it's complicated stuff.

Guardian. But it was also on the news this am

Guardian

Thanks for clarifying that.

All good. Depending on the source they likely twisted reality to match their narrative.

I disagree. Oil companies don't control the price of oil. It's a free market and it's controlled by supply and demand. If they could control the price, they would not have been selling oil at $25.00 a barrel while the orange man was president.

Also read it on Bloomberg which is pretty reliable. I must have misinterpreted the info.

In Westerly?

try a different oil co? https://www.newenglandoil.com/rhodeisland/zone4.asp?x=0

It’s not BS, if you follow the energy industry there have been predictions of a heating oil shortage since the summer.

Unfortunately for us pheasants yes

[deleted]

There’s a lot of chirping about oil prices this winter.

Exactly! There is rude awaking coming...

I wouldn't take an oil company's word for it but it does seem to be backed up by credible sources too https://www.bloomberg.com/news/articles/2022-10-21/heating-oil-being-rationed-in-us-northeast-before-winter-starts

This website is the best

thanks

I haven't really been paying attention, but it looks like it might not be completely fabricated: https://www.bloomberg.com/news/articles/2022-10-21/heating-oil-being-rationed-in-us-northeast-before-winter-starts

A customer at work told me the same thing. I normally don’t listen to customers but he might be onto something.

You’re completely incorrect. The price of crude is controlled, in some ways, similarly to the price of diamonds. Never mind speculation affecting the indexes. “Free market” is not even close.

I just heard back t on the Radio too

WSJ has also intimated it as a possibility for New England, specifically. Unlikely, but a possibility.

For Europe, it will be worse

Yeah right. If there is they are not letting us know that and are holding it.

I think certain folks don’t want it getting out because of the elections and I get that I want them to win but that’s playing with peoples lives alittle too much for me

I think so much is being on the hush hush until after the elections and it's really annoying because our lives are being messed with to get votes and this goes for both parties.

They can absolutely manipulate the markets by simply shutting off wells and forcing scarcity. Then they can pump less oil and make more money. No oil company is going to increase production to sell it for less.

No need when you heat with wood

[removed]

Stay in school, kids.

Your local oil companies work off fairly small margins, especially after taxes, insurance, transportation and truck repairs. The average Rhode Island local oil company operates on a net margin of 25 to 30 cents a gallon. The average residential customer in Rhode Island burns approximately 600 gallons of heating oil. So most companies are making all said and done $150 a customer (total over 2-3 deliveries possibly more)to deliver oil to your home in the rain,sleet, and snow. I used to be in the industry and the average homeowner doesn’t get their oil heating system cleaned and maintained on a yearly basis. By not doing so you’re costing yourself a 1/4 to half tank of oil sometimes more if you go longer than two years. And that’s with the higher ul standard oil you’re receiving, years ago it was more like a full tank of oil due to the higher soot content during combustion.

This is true, ty for clarifying. However 25 days in reserve isn't normal and is cause for genuine concern. ie If I said, "Today I have 25 cans of food in the basement. Last week I had 35 cans", you would raise an eyebrow, yes?

Thanks Obama

We are running out of diesel and home heating oil. Should get good

It's cyclical, it's hit close to this low multiple times in 2019, 2018, 2013 and the lowest in 2008

The only difference is now people panic at the slightest mention of oil prices changing, and oil companies profit from it

I agree

[deleted]

Might I suggest installing a few skylights. Better pheasant under glass than cold turkey, I say.

22 days of diesel reserve left in US

I’ve heard this on multiple news platforms so I don’t think it’s BS. Our wonderful federal government will soon stop pulling from the strategic petroleum reserves as soon as the midterm elections happen, for just one factor. And the weather is quickly cooling off.

Why are people downvoting you for simply answering the question?

not true. venders in the mid-A and southeast are short supply and breaking contracts.

all these libtards trying to explain away Joe Biden’s America — that demented fuck drained the strategic petroleum reserve when diesel is at record lows (like… never this low before). get ready for max pain this winter. source: EIA, ISO-NE, NYISO, PJM, NEPGA, NEPOOL

you clearly don’t understand commodities but cool!

why do you think that is? because we have a demented geriatric asleep at the wheel while his interns drain the strategic petroleum reserve and push global nuclear war

[removed]

democrats have created a crisis because they’d rather buy foreign oil than American oil

Pigeons checking in here. I can say oil companies are trying to kill us too.

Get a pellet stove installed in your house if you can. I had one installed in my home 3 years ago and it’s the best home improvement I’ve ever made. I just bought a ton of pellets; 60 40lb bags. I use a bag a day, and my pellet stove heats my whole house. Total cost of the ton of pellets was $340, and that ton lasts approximately 2 months. It costs me less than $1000 to heat my house for the whole winter, and I own a 2 story colonial. The upstairs does stay a bit cooler than downstairs where the pellet stove is but we stay downstairs most of the time anyway. I’m typing this while sitting near my pellet stove and it’s cozy and warm here and the outside temp is in the upper 30’s.

Right, there’s the problem. WSJ and NPR run a story and people panic off the headlines. New England generates less than 1% of its electricity from oil so no major issue there. LNG may be slightly impacted if a major storm impacts the region for shipping offloads or truck deliveries. As to allegations about vendors in the US Southeast, take a look at the numbers for home heating oil use in that region and then ask if there is a real issue.

Predictions have been just that, some are close to legit, others are clickbait profit drivers. Could we be impacted by a shortfall this winter, sure, the future is uncertain. Will we, impossible to say. Ask friends and relatives for recommendations, fill up early and bundle up. Also, don’t forget there are resources for folks in need.

OK Mr. Hannity.

I got one and yes it’s a great way. I may have to add a 2nd one. Our house is a weird layout

Who knows lol

Yup and each day. It’s gonna get worse

Trolls have invaded this sub.

The stair to the 2nd floor in our house is in the middle and divides the living room from the family room. The heat from the pellet stove rises up those stairs and flows into the bedrooms. It takes time for that to heat the upstairs but it gets the job done.

snarky comments downplaying the seriousness of this doesn’t help anybody. it’s incredibly disappointing because Biden didn’t have to cause this, he could have supported our domestic energy industry.

Welcome to Reddit.

It was 25 in 2008 and everyone who knew was concerned. Further, the downward trajectory is too steep. This isn't a gradual loss, and even the WH has called it "unacceptable" Also, maybe don't criticize people for worrying about oil prices when 100 gallons this year could cost them upwards of 600 vs last year's 250. Prices like that can and will drag many families over the financial edge.

I’m going to a party tonight!! 😊

… okay? 🤨

We just paid $5.49 a gallon to top off tank and oilman said the same

Eastco oil in Bellingham ma said prices are still rising and there will be shortages soon

I just wanted to alert people but thank you for verifying what I said

Would you want to get some cash on that