Question by Mr. Luva Luva: Does anyone have a good idea what price home heating oil will reach this winter in late 2009?
I have the option to pre-buy at least 500 gallons for $ 2.89/gallon if I pay a $ 100 fee up front. Part of me thinks that with the bad economy, it could stay low, but yet I live in CT and one cold winter could send them up over $ 4/gallon yet again. Any experts care to weigh in. Much appreciated. Thanks.
Answer by sassy2
We just locked in June 20 at 2.49 gal. I prepaid for 400 gallons. News papers on Sunday said the speculators are at it again. Driving the price of a barrel up
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