Do oil prices typically drop in the winter time?

Question

Trying to determine if I should lock in my oil prices for home heating....

Answer 1

Now is probably a good time to lock in. I know people who did "pre-buy" a month ago and are paying $.50/gallon more than the prices are now. If you wait until the first cold snap, the prices will be higher.

I don't expect prices on #2 to go much below what they are today, and , come January, they'll probably be higher.

Answer 2

It depends on the severity of the weather. If your a gambler don't lock the price in. If your more Conservative lock the price in.

If you lock it in you can budget the projected cost and relax otherwise you will have a lot of time to worry. If we have a warm winter you won't use as much fuel so you will be alright, even if the price goes down. If we have a cold winter prices will go up along with usage and you could be in double trouble.

lock in the price now.

Answer 3

Yes & no. No if we are going to have a hard winter in the northeast. They say that the stockpile of heating oil is not enough. but if we have a mild winter they do not have to refine as much heating oil so the price goes down. I guessthe last few years we have had hard winters because my heating bills have not gone down.

Answer 4

get it now,in one month opec meets again but the saudi's didn't agree to stop the oil flow to keep the prices up this month..a texas oilman convinced them to hold out..after all the saudi's make up one third of opec..buy it now don't wait more than a week..

Answer 5

DROP? They go higher than ever. Nothing like taking advantage of people.

Answer 6

They drop when the demand is down

Answer 7

No they usually go up

Answer 8

nope

Answer 9

yes they do....