Why You Can Save Money By Buying Home Heating Oil In Bulk

Posted on: 9 March 2016

At the beginning of the season, you might not be excited about purchasing your first delivery of home heating oil. However, it's actually cheaper if you go ahead and fill up your tank. These are the reasons why you can save a lot of money by buying your home heating oil in bulk.

Buy When It's Cheap

As you probably already know, the price of home heating oil goes up and down throughout the year. If you wait until the last minute to buy your oil, you might have to buy it when the prices are higher. Luckily, if you buy in bulk when it's cheaper, you can save a lot of money on heating your home throughout the winter. It can be tough to determine when you're getting the best price, but keeping an eye on prices before the season starts and comparing to prices that you paid last year can help. Along with going ahead and buying in bulk when you find low prices, you should also talk to your home heating oil company about locking in prices for the rest of the season.

Avoiding Paying Fees

Waiting until the last minute can result in multiple fees that go on top of potentially having to pay higher prices for your home heating oil. These are some of the fees that you might get stuck with:

  • "Bleeding Fee" - If your tank runs completely empty, your delivery professional might have to bleed out your oil line. This can result in an extra fee, and it can also take that much longer before your heat is back on and working.
  • Out-of-Schedule Fee - If your delivery company has to send out a truck to your area specifically to fill up your tank, you might have to pay an extra fee for not having oil delivered when the driver was already in your area.
  • Outside of Business Hours Fee - Additionally, if you call for oil on the weekend, on a holiday, early in the morning or late at night, you might be charged an extra fee.
  • Delivery Fee - Even if you only pay a nominal base delivery fee, you can save money by only having your oil delivered a couple of times during the season rather than having to schedule a delivery on a regular basis.

Adding on these fees and paying higher rates for your oil can really drive up the cost of heating your home this winter. Therefore, to save money -- as well as to avoid running out -- it's a good idea to buy your heating oil in bulk.

For more information, talk to a company like Olympic Energy LLC.