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chipj29 · 10-17-2008, 12:19 PM

I do feel bad for those who signed contracts, pre-buying their oil earlier this year when a gallon of heating oil was going for >$4. I saw someone interviewed on WMUR wondering if the oil companies were going to help them out. Not sure why they would, as the oil companies bought the oil at the contracted price, and would lose money.
IMO, pre-buying is a big gamble. Sometimes you get lucky and lock in at a price before it goes up. Sometimes the opposite happens.

10-17-2008, 12:19 PM	#30
chipj29 Senior Member Join Date: Apr 2004 Location: Bow Posts: 1,874 Thanks: 521 Thanked 308 Times in 162 Posts	Heating Oil I do feel bad for those who signed contracts, pre-buying their oil earlier this year when a gallon of heating oil was going for >$4. I saw someone interviewed on WMUR wondering if the oil companies were going to help them out. Not sure why they would, as the oil companies bought the oil at the contracted price, and would lose money. IMO, pre-buying is a big gamble. Sometimes you get lucky and lock in at a price before it goes up. Sometimes the opposite happens. __________________ Getting ready for winter!