Winter is underway, and if your home is heated by oil, you’ll likely be planning for future home heating oil deliveries. Main Energy in Palmyra, NY, offers its customers the option of pre-purchasing oil at a locked-in rate. If you’re thinking about pre-buying your fuel oil for the winter season, Main Energy suggests that you consider the following pros and cons of its prepayment option:

Here are some of the benefits of pre-buying your fuel:

• Makes You Immune To Price Hikes: When you prebuy fuel, you are taking advantage of a locked-in price that will make you immune to any oil price hikes that occur over the course of the season.
• Makes Budgeting Easier: Prepaying for your home heating oil means that you’ll have fewer bills to worry about during the winter season. You’ll pay one lump sum and be done with it!

On the flip side, here are some cons to pre-purchasing your fuel:

• Market Values Could Drop: If you pre-purchase home heating oil, you may get it at a higher rate than its future market value. The fuel market is quite volatile, so it's very difficult to predict future prices for home heating oil. It's possible that oil prices will fall below what you prepaid, which means you’ll be losing money this winter.
• Paying More Money Up-Front: Pre-buying fuel requires a considerable payment at the beginning of the season. While it could save you money in the long run, homeowners on a tight budget will definitely feel the pinch when it comes to prepaying for their home heating oil delivery program.

For more information on home heating oil delivery, including prepayment options, contact Main Energy at (315) 597-5200. You can also visit the oil company online to learn more about their diesel and fuel package deals.