Pete Zahria
Minister of Fire
Based on prices for dry wood last week. IF you can find it... Green in the spring may be 200, but you can't burn that now..... price was for NH average.... now.
OIL CHEAPER TO RUN THAN PELLETS
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bke7
Member
Why is it that pellet prices vary by 100 per ton or more for the same product depending on location in New England?
This makes no sense.
This makes no sense.
TonyVideo
Feeling the Heat
Next Fall is going to be interesting. In the Northeast at least since around 98% of heating oil is used there. Folks fill the tanks with cheap oil this summer and next Fall the pellets start piling up in the yards. If the heating oil price stays low, which it will until at least November, there is gonna be a pellet glut in that region. The downside is that the situation will make it more economic to export more pellets. Viscous market circle on the horizon.
woodmakesheat
Feeling the Heat
Pete Zahria
Minister of Fire
Was going to buy 100 gallons Sunday when It was $1.99, thought what if it's $1.79 next week, price of crude is up to $53 a barrel, speculators are trying real hardI clicked and saw $2.199. Big increase in 2 days.
bogieb
Minister of Fire
Hmm, I saw $2.19 today. Perhaps it is going by location of computer?
On another note, saw gas rise from $2.13 yesterday 5AM to $2.20 about 4:30PM at one gas station.
Pete Zahria
Minister of Fire
Well... we also don't live in the same town.....
The Office of Energy and Planning in the state is listing, as of March 30, "average" $2.76
Dan
bogieb
Minister of Fire
Well... we also don't live in the same town.....
The Office of Energy and Planning in the state is listing, as of March 30, "average" $2.76
Dan
Oh, I should have been more clear - that price was according to the website that was posted (paylessforoil) - and what I thought you were referring to. I haven't seen any price lower than 2.89 in my town/area for years (and the computer I am using is in Manch, so quite a distance from my home town).
50.96
![[Hearth.com] OIL CHEAPER TO RUN THAN PELLETS](/talk/proxy.php?image=http%3A%2F%2Fh.foolcdn.com%2Ftmfstatic%2Fimg%2Farrow-neg-xxlarge.gif&hash=7a78830da424056dd15a29f5d84d9f87 "[Hearth.com] OIL CHEAPER TO RUN THAN PELLETS")
-3.02 (-5.59%) YES!! Crude is DOWN Today, with this week's big warmup into next week almost 70 daily they can sit on it!
"Oil futures settled nearly 7 percent lower on Wednesday after government data showed the largest weekly increase in U.S. crude inventories since 2001 and a day after Saudi Arabia reported record production in March", according to a Reuters report out today. http://www.cnbc.com/id/102567899
With crude oil comprising the single largest component of global trade, if it was taken off the Commodities Futures listings we would see an end to the whipsaw swings in speculative petroleum market
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crizpynutz
New Member
I'm in Enfield, CT and picked up 2 tons of pellets from Hawthorne's Agway which are Hamer's Hot Ones for $280/ton. That seems like a pretty good price. Then again, I am barely in CT and could walk to MA so....
St_Earl
Minister of Fire
propane down here from $3.49 on our last delivery (hot water and range) to $2.99 today.
sure am glad i'm not using it for heat.
sure am glad i'm not using it for heat.
bogieb
Minister of Fire
I stand corrected - just saw oil advertised for $2.59/gal today in my town. Not that it matters to me since I don't have n oil burner.
digitys
Member
I feel like depending on the price of oil and what to anticipate for your heating bill is idiotic compared to burning pellets.
Prices for pellets may vary 10-20 percent depending on when you buy them through out the year. Oil has literally swung 50% in a matter of months, numerous times in the last 6-7 years.
Prices for pellets may vary 10-20 percent depending on when you buy them through out the year. Oil has literally swung 50% in a matter of months, numerous times in the last 6-7 years.
xSpecBx
Member
Comes down to what is going to be cheaper. I agree the recent price swings make it a bit risky, but i dont see oil prices going so high in the near future that pellets make more sense unless you can find them for $250ish/ton. I will most likely take my chances. I have a little over a ton that i didnt use this past season so i wont be totally caught with my pants down if oil shoots back up, but again i dont see oil shooting back up anytime soon.
Hello
One of my customer's said even if the cost of oil is the same as pellets that pellets are cheaper for her. She only heats the living room and kitchen with a very efficient Quad Santa Fe not the whole entire house with oil!
One of my customer's said even if the cost of oil is the same as pellets that pellets are cheaper for her. She only heats the living room and kitchen with a very efficient Quad Santa Fe not the whole entire house with oil!
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