Home Heating Oil Prices on the Rise

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Fuel Oil Delivery

Why Are Home Heating Oil Prices on the Rise?

If you’re asking why home heating oil prices are on the rise, we can assure you, you’re not alone. Fuel oil delivery prices are going up around the nation and the world. And despite what you may have heard, it’s not because of the politicians in DC.

Crude Oil Prices Are Up

The price of home heating oil has doubled in the last 12 months, due to an international surge in prices for energy commodities. You probably already know that home heating oil is a form of petroleum, made from crude oil. So, when crude oil prices go up, so does the price of home heating oil.

Oil prices fell during 2020, mainly due to decreased demand due to the COVID-19 pandemic causing factory shutdowns, less traveling, and less driving. But as things are starting to get back to normal, demand for oil and gasoline is going up. And increased demand means increased prices. And of course, home heating oil prices will fall come warmer weather, as demand decreases.

Sadly, the U.S Energy Information Administration (EIA)) predicts that, compared to last winter, heating oil prices will rise by 43%. Let’s all home for a warmer than average winter.

Operating Costs Are Up

In addition to home heating oil prices themselves going up, operating costs for fuel oil delivery companies like Pug’s are going up as well. While we make an effort not to raise our delivery and administrative charges, sometimes we have to, in order to turn a profit.

With oil and gas prices going up, that means it costs more to keep our fleet running. Even so, you will find our prices to be extremely competitive with other home heating oil delivery companies in the Baltimore area.

We try and maintain our prices by growing our customer base. So, if you’re a current customer and you’re happy with our services, please consider referring us to your friends and family.

Schedule Home Heating Oil Delivery

We clearly post the daily home heating oil price (delivered) on our Home page. We also include a disclaimer that prices are subject to change until the time of delivery. This is because home heating oil prices are very volatile right now. But we can tell you, prices are not expected to go down for quite some time, so if the price sounds good, don’t hesitate to schedule delivery.

Call us at 410-477-3345 or use our contact form to schedule delivery in Baltimore County, Anne Arundel County, Howard County, Harford County, and surrounding areas.