August 29
...serving up your daily dish.
The Barista just signed up with NJ Citizen Action's Oil Group, a collective of 6,000 oil customers, to lock in our home heating oil price for the coming year. With news that today's hurricane was creating an immediate surge in oil prices, we were delighted to receive a $2.07/gallon price cap for the coming heating season. If you're paying more than that, all it takes is a simple call: 1.800.464.8465. We were signed up in five minutes.
Where'd you hear about that?
Here?
http://groups.yahoo.com/group/MtcWatercooler/message/31292
(;-P)
Posted by: The Moderators of The Montclair Watercooler | Aug 29, 2005 11:40:19 AM
wow, i just called my oil company, pierson and the price that i had locked in at is 2.49, so this is a major savings for me.
Posted by: julia | Aug 29, 2005 12:08:21 PM
Nope, not the Watercooler. Baristanet reader Gordon Leavitt tipped us off.
Posted by: The Barista | Aug 29, 2005 12:15:55 PM
Oh yeah, here he is, mentioned on October 15, 2004!
http://groups.yahoo.com/group/MtcWatercooler/message/23147
(:-D)
... when the price was $1.529 per gallon!!
Posted by: The Moderators of The Montclair Watercooler | Aug 29, 2005 1:03:11 PM
I locked in at $1.95/gallon at Oil City Petroleum in Clifton. (I'm paying less than last Winter.) Heard about Oil City's prices on the Watercooler.
Posted by: Lisa | Aug 29, 2005 1:42:52 PM
In response to Lisa's posting regarding the $1.95/gallon price she has locked in with Oil City, I called Oil City, which is also my oil company. I wanted to know why an individual customer was given a price lower than that which I pay as a Co-op member. Oil City explained that Co-op members are given the lowest price, however, the $1.95 price was a one-time offer last month, an incentive to stimulate new business during the heat of the summer.They said this price is not being offered to anyone at this time.The price is $2.29 per gallon at Oil City at the time of this posting. Through the NJCAOG Co-op, the price is currently locked in at $2.079. I was told if the price of oil goes down, the Co-op price will also go down. Being a Co-op member is certainly advantageous.
Posted by: Gordon | Aug 29, 2005 4:30:12 PM
If I understand correctly, joining the co-op doesn't guarantee a certain rate, just a discount. It gets "locked in" by filling your tank now? Yes?
Posted by: Cheaplazymom | Aug 29, 2005 4:53:00 PM
The price is a price cap for the full heating season, negotiated by the Co-op with their suppliers. Just to clarify, there is a $24 yearly Co-op membership fee, but the savings is far greater, making membership very worthwhile.
Posted by: Gordon | Aug 29, 2005 6:57:41 PM
