Letter Re: Home Heating Oil Price Fluctuations–Time to Buy Low
Hi Jim, Some older neighborhood houses [in the Pacific Northwest] have large oil tanks for heating under driveways, in basements, and buried under yards. Last winter, we saw our neighbors run dry during a rare 2-week snow/ice event that even chained fuel trucks couldn’t get around in. Portland and Seattle are notoriously under-prepared for ice/snow on roads, and actually have a “intentional neglect policy” of letting it melt without salt/de-icer rather than clearing the roads. Prepare to walk on uncleared pavement and stay around home! If the predictions of temporary global oil over-supply are correct and fuel oil drops to …