Winter Heating Costs: How Hard a Hit? [View article]
"assuming you did not lock in prices out of fear earlier this year"
I think it is standard behavior for most consumers to lock in prices when vendors offer contracts in the July-August period, so I think a lot more people will be affected by high prices than the OP suggests.
I also think a lot of vendors have not lowered their rates, since they already purchased the products at high prices. I contacted my propane supplier; they were offering the same spot rates as the contract rates they were offering in July.
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"assuming you did not lock in prices out of fear earlier this year"
Oct 18 16:18 pm
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All Comments by PastTense »Winter Heating Costs: How Hard a Hit? [View article]
I think it is standard behavior for most consumers to lock in prices when vendors offer contracts in the July-August period, so I think a lot more people will be affected by high prices than the OP suggests.
I also think a lot of vendors have not lowered their rates, since they already purchased the products at high prices. I contacted my propane supplier; they were offering the same spot rates as the contract rates they were offering in July.