It's the 29th and a beautiful NH Fall day. But so far, October has been pretty scary for our Rack Plus program. Our prices have been not much less than market price, and occasionally higher than market price for the last two weeks of this month. The reason is that Rack Plus is tough when prices are rising While others are posting last weeks (lower) price), we're posting today's latest and greatest (and higher) price.
It works MUCH better on the way down. We're still waiting for that speculator bubble to break. It broke about this time last year and we hope it breaks soon. If and when that happens we'll save lots of money.
Meanwhile those of you who took advantage of our early prebuys with all dealers except Irving who didn't want to do an early pre-buy this year, are enjoying $1.98, $1.99 and $2.11 a gallon, though you had to put the money upfront. Oddly enough, we couldn't get people to take the pre-buys until prices rose and it it was too late to purchase more. We think that the depressed economy discouraged many from making large upfront investments.
We WILL be doing early pre-buys again next February. We think that Irving will also participate in an early pre-buy this time around and will let you know when that has been agreed upon.
On a different note, we have converted space in our barn to offices and will be moving in the weekend of November 7th. In all likelihood we will be closed for a day or so. However, we'll have a lot more space and by November 20th a new phone system to replace our antique one with twice as many lines. This should make it much easier for members to contact us.
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- Our Town Energy Alliance was founded in November, 1999 by the Barraford's as a community service for senior citizens. Those 74 members told all their friends and neighbors and we had almost 1000 members by the end of 1999. In 2000, we made the organization independent. From the 74 original members it’s grown to its present 2010 membership of 17000 plus households, schools, towns and businesses through “word of mouth” OTCC members pay an annual membership fee (starting at only $25 per year) and can then take advantage of significant discounts on services and fuel purchases. Our Town Energy Alliance gathers this information from all of our members and uses that volume buying power to secure discounted fuel rates from leading area fuel providers including Irving Oil, Eastern Oil and Propane, as well as other fuel providers. Once the fuel prices are secured, we notify members of the prices. They can take advantage of purchasing their fuel at the discount rate directly from the fuel provider. But they are not obligated to accept the bid price. To take advantage of the program, you must sign a contract with the dealer.