All members who enrolled in the Price Protection Program saved significant dollars heating their homes last season. Most members locked in a price of $2.74 or $2.91 per gallon of heating oil or a price cap of $3.29. The average price per gallon last season was $3.85 and since March 1st the retail price has averaged $5.15 per gallon.
This year we plan to wait to offer the Price Protection Program until the oil market settles down a bit. We are hoping that the current downward price trend will continue so we can lock in a fair price for our members. We are closely watching the market each day and at this time, expect to have the program ready to offer in July. Stay tuned!