Fuel Price & Supply Update
October 26, 2022
We wanted to take a moment to address the fact that fuel prices are still high and have been for some time now. It is a common misconception that we as a company raise fuel prices for our own benefit, and we wanted to let you know that is a myth.
Global economics are at work here, and with a variety of societal factors including Russia’s attack on the Ukraine, world energy markets have been shocked. Increased competition for natural gas in Europe has affected all other fuels, partially because Russia has been blocking exports of natural gas to retaliate against United States and European Union sanctions against the country. This conflict in turn affects the price of heating oil, propane, gasoline, and other commodities like electricity (which is produced using now-hard-to-acquire natural gas).
While we wish we could afford to absorb these inflated costs so you don’t have to, unfortunately that is out of the realm of possibility. Instead, we must pass a portion of these costs along to you, and the best we can do is to offer flexible pricing options and payment plans to help alleviate the brunt of the expense of winter heating fuel until prices go back down.
We understand your discouragement with high fuel pricing, and we look forward to the day when costs are lower once again. The sooner prices drop, the happier we’ll be. In the meantime, please reach out to us if you are struggling to meet your financial obligations. We can share opportunities to manage your fuel costs, such as helping you to:
- Set up payment terms on your current balance if you are unable to pay in full
- Join a budget plan to spread your fuel costs more evenly throughout the year
- Enroll in a price protection plan to lock in a low rate
- Consider a programmable thermostat to save on fuel use
- Get an HVAC tune-up to further reduce your fuel use