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Fuel Pricing Basics: Paying For Propane Or Heating Oil

Written on: September 14, 2020

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When it comes to choosing how to buy your propane or heating oil, it pays to be informed about your options so you can choose the one that works best for you.

Three Fuel Pricing Options

Propane and heating oil suppliers (including us) typically offer three basic ways to pay for your heating oil: market price, fixed price (which is often a pre-buy), and price cap. Let’s take a look at the differences.

Each of these options has its advantages and disadvantages – much of the decision about which plan is right for you depends on your preferences. If you like certainty, a fixed price might be best; if you prefer to make your decisions at the time you buy your fuel, market price might be a better option. If you don’t mind paying for a little peace of mind – and potentially saving a lot of money – a Price Cap will give you the best of both worlds.

Need help in choosing a heating oil or propane pricing plan that’s the right fit for your family? We’re happy to talk about it. Enrollment for Price Cap and pre-buy is open now – contact Downey Energy today to learn more about heating oil and propane pricing plans in Hudson Valley, NY!