Heating?

[oneshot]

Ok because of health was going to switch over to just Propane.But according to experts by the end of the year Gas and Propane are going to be over $20 a gallon.

If I Heat with Wood I need to let it set. Plus I’ll have to get another Chainsaw.

Some saying don’t worry gas will never get that high but not really wanting to get caught with my pants down.

Do I go ahead and get plenty of wood up or just go with Propane?

oneshot

[snagged in outlet 3]

Prior to the present administration in the White House gas was 1.80 - 1.90 a gallon.  Latest around here is $2.40.  Trucking rates are going up with the price of fuel. 

[oneshot]

28 minutes ago, snagged in outlet 3 said:

Prior to the present administration in the White House gas was 1.80 - 1.90 a gallon.  Latest around here is $2.40.  Trucking rates are going up with the price of fuel. 

What I was reading is we are once again depending on OPEC they are sticking it to us not producing oil to drive prices up.

oneshot

[snagged in outlet 3]

36 minutes ago, oneshot said:

What I was reading is we are once again depending on OPEC they are sticking it to us not producing oil to drive prices up.

oneshot

I would agree with that.  We were more energy independent prior to January 24th.

[oneshot]

This is nuts if Oil goes up as high as they are talking our economy will go down the tube not just concerning Gas and Heating.

oneshot

[Devan S.]

Oil/Gas prices are a funny thing to me. You asked about Propane which can be bought at a significant discount in the summer so the price today likely will be higher than I would expect you to pay in July or what I would expect to pay next December. 

I don't know how much current prices are being effected by new administration policy vs. concern over new administration policy. I'm sure its likely more of the later than the former but the net effect is the same. Actual policy is usually back loaded in an administration. 

Pay at the pump price vs. price per barrel is much akin to using the stock market to actively gage the true economy. 

That being said, prices almost always rise into the spring coming out of winter(increased demand and a change in mfg costs).

Add in the effects of slow down due to COVID(remember oil prices were technically negative at one point last year). OPEC made drastic cuts at that time and as demand creeps up they can highly effectively drive price purely out of controlling supply.

Many oil/gas operations domestically cannot continue to operate at near zero(or negative) margin like state run OPEC companies. Therefore up until the per barrel price gets to the point domestic markets can drive a reasonable profit they will not be a major player. 

Again how much of this is speculative related to the new administration vs. coincidence I don't know.  

One thing I have long wondered, is why if its such a big driver of our economy how we always see price increases due to oil price but never decreases. When the bottom drops and manufacturers save money on shipping, processing, plastics, ect do they pass that onto consumers or do they keep the profit difference for themselves? 

Only time I notice any decrease in costs is when I fill up at the pump.

[oneshot]

Ok I can’t find what I was looking at.

Thinking this through. We can lock on price this Spring. Afterwards the ones freezing will be having their say with Washington DC.

I really don’t need to be cutting wood and I don’t want to depend on anyone else.

oneshot

[fishinwrench]

I'm all electric here, and can build a wood fire if the power goes out.   I don't like having gas pumped into my house.  I witnessed the whole town of Centralia go up in flames when I was a kid, and have been anti-gas/propane ever since. 

[Terrierman]

2 hours ago, oneshot said:

Ok I can’t find what I was looking at.

Thinking this through. We can lock on price this Spring. Afterwards the ones freezing will be having their say with Washington DC.

I really don’t need to be cutting wood and I don’t want to depend on anyone else.

oneshot

You're rich.  Pre buy in July enough for the next two winters.

[Devan S.]

30 minutes ago, Terrierman said:

You're rich.  Pre buy in July enough for the next two winters.

Take that stimi-check your about to get and pre-buy the next 5 years.