My heating oil tank is about one-quarter full. I had planned to see if I could squeak through March with what's left, but that might be a stretch. Given Rump's invasion of Iran, I decided to schedule an oil delivery as a hedge against rising prices, so that delivery is set for Thursday. I checked my favorite (cheapest) suppliers and both prices have risen. I bought at $3.59 a gallon, which is pretty high, historically, though it was higher for the last 10 days of January.
With the exception of 2022, I have never paid such a high price in a given year. In 2022, I paid an average $3.72 a gallon and made 2 oil purchases totalling 260 gallons. My average for this heating season may be somewhat less than the $3.59 I'm paying today if I wind up making a 2nd oil purchase sometime in early winter.
So I'm locked in at today's price of $3.59, regardless of delivery date, though if the price drops by the delivery date (unlikely this time around), I'll get the lower price.
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March 2nd, 2026 at 06:57 pm 1772477871
March 3rd, 2026 at 05:27 am 1772515630
March 9th, 2026 at 12:34 am 1773016497