Re: OT -Oil fell 12.3% Today When Will Gas Go Down?

Posted by Wardner on January 07, 2009 at 19:34:08 from (4.154.240.246):

In Reply to: OT -Oil fell 12.3% Today When Will Gas Go Down? posted by Rimshot on January 07, 2009 at 12:51:57:

If you want stable energy pricing and peace of mind, do what business does. Buy a futures contract. When the price goes up, so does your commodity account. In a rising market, convert your paper profits into cash and buy fuel at your favorite pump.

I have been buying heating oil for the past two years from home owners who have switched to natural gas. Yesterday, I paid $0.50 per gallon for 300 gallons. Sometimes I get it for free. I am buying low and don't care about the general market. I get my leads from Craigslist.

I currently have around 5000 gallons and I can afford to be selective about how much I am willing to pay. Generally no more than 33% of current market.

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