GOOD THINGS COME TO THOSE WHO WAIT
Sometimes old sayings are true. Speculators have really pulled a number on us this year. How they have kept prices up all year in the face of the biggest recessions in Europe and the United States since the Great Depression is a wonder. This story about a drunken oil trader though amusing, proves the point that it does not take much to manipulate the market currently.
Well, we waited and waited, bought a some oil a while ago. Some dealers did well, some like bought a little too early. The prices dropped again in the last three days after skyrocketing up due to the hurricane predictions.
To make a long story short we bought more oil yesterday at good prices. We've now locked in prices on oil and propane with all our dealers. You'll be receiving emails regarding final pricing over the weekend.
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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.