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kristinel
Steinbeck
Member since 5/08 1224 total posts
Name:
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Home heating oil.
I'm a new home owner and am rather ignorant in the ways of home heating oil billing. Yesterday I got a rundown of how my billing will work from Petro. Obviously, I know we will have to pay for the actually oil, but what's with the $209/month charge? Is that for "service"?
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Posted 8/1/08 9:35 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Home heating oil.
sounds like they have put you on a budget. That's the cost of oil per month based on the previous owner's usage.
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| Posted 8/1/08 9:43 AM |
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kristinel
Steinbeck
Member since 5/08 1224 total posts
Name:
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Re: Home heating oil.
Yeah, that's what the paperwork said. Is that a good price? Our house is rather small.
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| Posted 8/1/08 11:43 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Home heating oil.
there's no way to know. You need to ask them what you are paying per gallon. Call them.
the price of oil has gone up so dramatically, that it could cost over $2K a year to heat your home albeit small.
last year it cost $1700/year for our house which is about 1800 sq ft. 4 bedroom, two levels.
that was last year though.
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| Posted 8/1/08 12:59 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Home heating oil.
Posted by kristinel
I'm a new home owner and am rather ignorant in the ways of home heating oil billing. Yesterday I got a rundown of how my billing will work from Petro. Obviously, I know we will have to pay for the actually oil, but what's with the $209/month charge? Is that for "service"?
Ask them how they are coming up with this $209 a month charge. I think that's ridiculously cheap, and you are going to be paying extra at some point and may get slapped with a huge overage at the end of your 12 months.
Here's an example: The average small house probably uses 700 gallons a year(probably even more but let's just say 700 gallons).
If they lock you in at a current market rate of $4.29 a gallon, 700 gallons will cost you about $3000 year for heating oil. That's $250 a month.
If you end up using more than 700 gallons which is very possible, it will be more than $250 a month. If your rate is higher than $4.29 it will be more as well.
$209 is not nearly enough and IMO a "teaser price" to get you to sign.
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| Posted 8/1/08 5:02 PM |
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