Home heating oil prices top $5 a gallon

Cold temperatures mean the heating season continues, worrying homeowners who need to refill their oil tanks. The price in many New Hampshire communities is over $5 a gallon and some believe the price has not peaked yet. Lemay Oil Services in Manchester operates a single truck and has around 700 customers. They’ve been in the oil business since 1936 and Dan Lemay says he’s never seen it like this. Those cheaper prices you might see could be because a company still has cheaper oil bought weeks ago in its underground reservoirs. “On the supplier side, my sales people will email me, I’ll see the price change there and of course we work with a certain profit margin that we all work with and that’s how we get to that calculation,” Lemay’s Oil said. Services owner Dan Lemay said. The price at Lemay on Wednesday is $5.32 a gallon and Lemay said some of his customers are stressed. “They’re nervous, they’re a bit worried,” Lemay said. Soufian Alami ordered 250 gallons on Wednesday, $5.50 a gallon, he used a credit card to cover the big bill. from $4,” Alami said. A more gloomy but expected forecast from economists, the cost of oil is driving up the cost of almost everything else, food, clothing, travel at all levels, inflation is inevitable right now.

Cold temperatures mean the heating season continues, worrying homeowners who need to refill their oil tanks.

The price in many New Hampshire communities is over $5 a gallon and some believe the price has not peaked yet.

Lemay Oil Services in Manchester operates a single truck and has around 700 customers. They’ve been in the oil business since 1936 and Dan Lemay says he’s never seen it like this.

Lemay said his underground tank is much smaller than the big ones, so he buys more often, and like his customers, he’s at the mercy of the supplier.

Those cheaper prices you might see could be because a company still has cheaper oil bought weeks ago in its underground reservoirs.

“On the supplier side, my sales people will email me, I’ll see the price change there and of course we work with a certain profit margin that we all work with and that’s how we get to that calculation,” Lemay’s Oil said. Services owner Dan Lemay said.

The price at Lemay on Wednesday is $5.32 a gallon and Lemay says some of his customers are stressed.

“They’re nervous, they’re a bit worried,” Lemay said.

Soufian Alami ordered 250 gallons on Wednesday, $5.50 a gallon, he used a credit card to cover the big bill.

“In January it was significantly less than $3.2, which was affordable, but it’s $5.5 and from last week until now it’s gone down from $4,” Alami said.

A more gloomy but expected forecast from economists, the cost of oil is driving up the cost of almost everything else, food, clothing, travel at all levels, inflation is inevitable right now.

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