Our low price isn't just a one-time deal!
After a nerve-wracking December with prices unusually rising a bit, January is turning into a good one for our members' savings. The bump in prices related to events in the Middle East lasted only a day, and we've seen our member average price fall more than 15 cents since Jan. 3. Take a look at any January in our price chart above and most often you will see some of the lowest member prices for the season while survey prices remain high or even go up some. January 2020 is shaping up to be yet another year where our dollar-cost averaging approach nets savings during the coldest months when you need the bulk of your annual deliveries.
The biggest threat to higher prices is still a spike in demand if we get a prolonged cold snap or storm. So far the heating season has been fairly benign after a cold start in late fall. Our oldest heads here believe that they've NEVER seen a day like Sunday, January 12 with just 5 heating degree days recorded (degree days are a way to measure heating and cooling needs). Usually, winter days range in the 30-50 degree day range. This winter so far has required about 10% less heating capacity than last winter, according to the latest degree-day data.
How do our prices compare?
Massachusetts' latest weekly price survey of full-service dealers, on Tuesday, January 14, posted an average price per gallon of $3.04, with a high price of $4.60 and a low of $2.49. The average prompt-pay price for our members in Massachusetts that day was $2.61, for savings of 33 cents per gallon on average.
Rhode Island's latest weekly survey price, on Monday, January 13 was $2.85. The average prompt-pay price for our members in Rhode Island that day was $2.54, for savings of 31 cents per gallon.
And in New Hampshire, the survey for Tuesday, January 14, was $2.94, while our average prompt-pay price there was $2.52, for a savings of 42 cents per gallon.