Answers
I have a memory of seeing a map of my neighborhood in Jersey City with toxic materials listed as overlay including fuel oil/home heating oil tanks shown as well as other materials like chromium etc. Anyone ever see such a map?
Go to the EPA website and you can find out all sorts of lovely things in your backyard.
http://www.epa.gov/enviro/index.html
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at first she said 5.46 a gallon then when I told her I thought the prices dropped, she said 4.46. this was to lock it in for a year. We just bought the house, never having oil heat before. Is this something I have to bargain with?? i live in south jersey
Although NOBODY can predict where oil prices are going over the next year, leastwise the 'experts', a lock-in price of $4.46 on this date looks absurd.
I would suggest finding an oil-buying coop in your area; this generally works by joining for a piddling fee of some $15/year, then you get to pick a supplier, who is a regular dealer with the difference being you get a much better price, but that price will vary daily.
Currently, thru theenergy.coop for the Philly area, prices are as "low" as $3.50/gal. Even if you can't find something right away in your area, you can use this site to get a feel for going prices.
Sunoco, Valero Shut Plants as Fuel Glut Beats Winter
Oct. 12 (Bloomberg) -- Oil refiners from Valero Energy Corp . to Sunoco Inc. are cutting the most capacity since the early 1980s, anticipating the coldest U.S. winter in a decade won’t be enough to soak up a glut of fuel.
The returns from processing crude into heating oil for delivery in February are the lowest in six years after the recession cut demand by the greatest amount since Jimmy Carter was president. The margins for making heating oil and diesel may decline 35 percent by January because of the increasing supply, according to Energy Security Analysis Inc.
San Antonio-based Valero shut its Aruba plant and Philadelphia-based Sunoco will idle its Eagle Point refinery in New Jersey. Across the U.S., the Energy Department forecasts heating costs this winter will fall 8 percent, even as the U.S. Northeast, where most heating oil is used, faces prospects for frigid weather, according to Commodity Weather Group, a private forecaster in Bethesda, Maryland.
“Some refiners are not going to survive” unless profit margins recover, said Andy Lipow , president of Houston consultant Lipow Oil Associates LLC, and a 30-year veteran of the U.S. refining and oil-trading business. The most vulnerable “are inefficient refineries with high operating costs, high fuel costs. The East Coast refineries probably carry the biggest risk because they compete with the rest of the world.”
Refineries Shut Down, Cutting Inventories and Jobs | HeatingOil.com
Reporting on the oil markets usually focuses on supply and demand as abstract market forces, their impact felt primarily in price changes. To a great extent, that’s understandable: for most people, the bottom is, after all, the bottom line—they want to know the impact on their wallets.
Refinery shutdowns aim to keep supply down and lift prices—that affects your wallet. But we can also take a step back and look at the bigger picture, and see how other people are affected. When revenues decrease and companies cut production and shutter locations, it’s not abstract statistics that lose their jobs—it’s human beings.
As Bloomberg.com reported Monday , battered by persistently low heating oil prices and intractably high supplies, refiners are cutting production. Valero is closing down its Aruba plant, while much closer to home, Sunoco is idling its Eagle Point, New Jersey refinery.
This isn’t done lightly, of course. Taking a plant offline safely and properly costs money, and starting it up again when—if—demand increases costs more. Right now, distillate stocks—the category of refined fuels that includes both home heating oil and diesel—stand at 171.8 million barrels, the highest level in more than a quarter century. In 2009, inventory has risen by 33.9 million barrels, to a level sufficient to meet all U.S. need for the better part of two months without any new production. A consequence of this oversupply is that the profit margin on heating oil has plummeted. Since heating oil is refined from crude oil, the margin is usually given in terms of the difference, or spread, between the price of the raw material—crude—and the price of the finished product—heating oil. And since the process of refining is also called “cracking” the oil, this measure is called the “crack spread.”
...News
US home heating oil up 3 cents/gallon in week-GovtReuters India - Oct 16, 2009
The next highest prices were in New York at $2.75 a gallon, New Jersey at $2.64 and Connecticut at $2.58. The lowest price for heating oil was in Nebraska and more »Bloomberg - Oct 12, 2009
Valero must reduce more costs at plants in Paulsboro, New Jersey, and Delaware City, Delaware, and pursue “strategic alternatives” for them and the Refineries Shut Down, Cutting Inventories and JobsU.S. Crude Outlook - Gains on economy likely limitedOil refiners cut capacity amid glut of fuelall 13 news articles »Reuters - Oct 07, 2009
NEW YORK () - US stockpiles of heating oil and diesel, the fuels known as distillates, have brimmed to a 26-year high The Energy Report Wednesday October 7, 2009Heating bills set to cool offall 1,017 news articles »Forbes - Oct 07, 2009
Straits TimesIn other Nymex trading, gasoline for November delivery lost 5.24 cents to settle at $1.7203 per gallon, and heating oil gave up 3.31 cents to settle at OIL FUTURES: Nymex Crude Dropping As Fuel Inventories Riseall 1,389 news articles »
Reuters - Sep 21, 2009
AFPAnd total gasoline and distillate supplies and heating oil stocks were all at significant premiums to year ago. [EIA/S] * On the New York Mercantile NYMEX-Crude ends down on strong dollar, demand woesall 2,759 news articles »
TMCnet - Oct 13, 2009
Its Eastern Pipeline System segment owns and operates approximately 1650 miles of refined product pipelines that transport gasoline, heating oil, BUYINS.NET: PCU, HRP, PENN, AVII, WSO, PEET Expected To Be Lower Leading Up To BUYINS.NET: MTU, TXN, LSI, X, JNJ, PHC With Highest Daily Short Volume On NYSE all 64 news articles »Asbury Park Press - Sep 29, 2009
Wholesale electricity prices in New Jersey are set every year through an auction process. Home heating oil prices have been affected by a large supply of and more »