You're right, it's already down to $1.659 a gallon.hot-n-bothered said:keep your pellets dry boys.... $2.00 oil aint gonna last very long..
Regardless of the price of oil, $300 or even $275 is just way too much for a ton of pellets IMO (especially given the added work involved) and I absolutely refuse to support these prices with my hard earned dollars. When I first started burning pellets about 9 years ago, I was paying around $100 a ton in the northeast. Since then, prices have been all over the map, just like with oil. I understand some volatility in the market should be expected, but this is just plain horse poop. Electricity rates haven't increased like this and there certainly hasn't been this level of volatility with electricity either. I got off oil last year because I was sick of all the BS games being played within that industry, and I'm now at about that same point with pellets.
I've recommend pellet burning to a lot of people in the past, but while this might still be a good choice for some, I'm finding it harder and harder to recommend pellets to folks given the pricing volatility over the years.