LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

when is the best time to lock in a rate for oil? and how do you do it?

Posted By Message
Pages: 1 [2]

BrunetteMom
LIF Adult

Member since 8/05

1480 total posts

Name:

Re: when is the best time to lock in a rate for oil? and how do you do it?

Posted by DjPiLL

I have a feeling a lot of people are going to get screwed with these rising utility bills and end up on the "ramen noodle diet".

You may even see a rise in forclosures, and I think once the price of oil hits the mainstream... its going to halt the escalating sales price increases we are used to seeing.



I agree with you 1000%

Anothing thing I'd like to add is that alot of the people are living off of "borrowed" money. Money from refi's and reg. mortgages from the low % rates we had. With all these other costs going up, people are going to be strapped and I truly believe that this housing bubble will burst. It's just so sad that so many people are going to be affected by it.

Posted 8/31/05 8:57 AM
 
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource
  |   Long Island Weddings

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

Re: when is the best time to lock in a rate for oil? and how do you do it?

Posted by BrunetteMom

Posted by DjPiLL

I have a feeling a lot of people are going to get screwed with these rising utility bills and end up on the "ramen noodle diet".

You may even see a rise in forclosures, and I think once the price of oil hits the mainstream... its going to halt the escalating sales price increases we are used to seeing.



I agree with you 1000%

Anothing thing I'd like to add is that alot of the people are living off of "borrowed" money. Money from refi's and reg. mortgages from the low % rates we had. With all these other costs going up, people are going to be strapped and I truly believe that this housing bubble will burst. It's just so sad that so many people are going to be affected by it.





Yeah but my wife unfortunately thinks otherwise. She claims we can afford it and if times get hard we "will manage".

I don't buy into that philosophy so its creating a problem.

Posted 8/31/05 10:19 AM
 

DRMom
Two in Blue

Member since 5/05

20223 total posts

Name:
Melissa

Re: when is the best time to lock in a rate for oil? and how do you do it?

I heard that you should wait until things settle down from the hurricane to lock in a week or two. Luckily we have 1000 gallon tank so it still is pretty full from January when we last had it filled. We also use propane for the stove, hot water and dryer which is cheaper-about 75 bucks to fill a 50 gallon tank-lasts about 1-11/2 months

Posted 8/31/05 12:13 PM
 

Wendy
Wheeee!

Member since 5/05

13736 total posts

Name:

Re: when is the best time to lock in a rate for oil? and how do you do it?

We locked in today at 2.69 (a discount from the basic 2.89 they are giving because we have been long time customers).

I had spoken to Slomins back in May and they wanted us to lock in at 2.149 but I said I needed to check with the DH (I think at the time we were paying 1.89 and were ******). We forgot & never called them back!! Chat Icon Chat Icon

Posted 8/31/05 7:00 PM
 
Pages: 1 [2]
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
When is the best time to shop for oil laborday06 5/16/06 1 Home
Oil - When is the best timet to Lock In? laborday06 4/13/06 1 Home
Oil - those with capped price or lock in rate -DonnaMarie- 10/12/05 12 Home
Best place to buy long lasting scented candles skew 8/17/06 25 Families Helping Families ™
Best place to buy furniture JMF 8/17/06 19 Home
whats your current locked in rate for oil? raken40 10/21/05 11 Home
 
Quick navigation:   
Currently 140239 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows