Gas prices are down pre-election. Why aren't home heating oil

[babylonsister]

prices down? Is this how the companies are assuring their profit, and why isn't this an issue? Just spoke to Dad in the northeast; he claims the oil prices are way up, so much so that they're considering draining the pipes and winterizing the house before heading south instead of just setting the thermostat to 50.

[AX10]

1. It's not winter yet. Also, people mostly notice the price of gas.

Once the election passes, prices will rise again.

[nickinSTL]

9. exactly

n/t

[aquart]

2. Nope. Home heating oil isn't a penis issue.

Gas for the car, is.

[alittlelark]

19. ROTFLMAO!!

:rofl:

[liberal N proud]

3. Because the gas prices are in America's face every day

The impact of High Heating oil has not hit yet because the season is not here.
They can lower the prices pre-election and get it in all of America's faces and then the media can talk about how much money Americans are saving. Forget what you had to give up to pay for gas before but now you are saving money.

Another fact is that not all of America is impacted by Heating Oil prices, the south and much of the west and mid west uses Natural Gas or other means.

[babylonsister]

6. I fall into the latter category, but people must be thinking

about what's in store for the winter, no? Dad is.

[spanone]

4. Cheney's energy plan giveth and taketh. Mostly taketh.

[Uben]

5. Formulation

Gasoline is cheaper to make in the cooler months due to formulation requirements. Less additives =less costs=cheaper price for consumer. I am not aware of the formulation requirements for heating oil. If oil keeps dropping, as expected, even heating oil should drop.

[Monkeyman]

7. Nope we recieved a letter from Ni-Cor saying it will not drop

But it will remane the same as last year. Elect bills are still way up

[Parisle]

8. Ernesto

---- Although I believe that the oil companies are deliberately, underhandedly and manipulatively trying to help republicans in the midterms,... I can also see how a lot of inventoried gasoline didn't get purchased for holiday driving a couple of weeks ago, as Hurrican Ernesto swiped virtually all the beaches on the east coast. Coming on the Labor Day weekend, the storm must have diminished holiday gasoline usage by millions of gallons.

[LSK]

10. large portions of the country does not use heating oil

But everyone in the country uses gasoline.

[mom cat]

12. More blue states use heating oil than red states.

[LSK]

13. I think the midwest uses natural gas

At least in IL they do.

[Poppyseedman]

11. Prices will be falling regardless of the propaganda being peddled

http://www.wtrg.com/daily/heatingoilprice.html

[lonestarnot]

14. May cost more to fix frozen stuff in doing so.

[DocSavage]

15. most likley

the local oil co has inventory left from last winter, when the price was higher. They still have to recoup the cost of that oil, but once refineries start distilling heating oil, the price will go down. All tied to the price of a barrel of oil.

Propane is the same way. I have the option of pre buying at a set price but I believe that the price will go down vs. up so I am going with my gut. It is a crap shoot every year anyway.

[bigtree]

16. they likely bought the gas when it was high, months in advance

the lower prices won't put a dent in the price of home heating for a whie, if at all

[Lefty48197]

17. Because people won't buy heating oil until after the election - DUH!

Gas has dropped over $1 per gallon in Metro Detroit in the last month or so.

[babylonsister]

18. See #6. You're not logical if you're not planning

on how bitter winter might be.