At Walton’s, we have no control over when heating oil prices rise or fall. The biggest factor is the price of crude oil. Home heating oil is just one of the many products refined from crude oil.
Because crude oil is a globally traded commodity, it is subject to many forces that drive its value up or down. So, when crude oil prices are on the high end, so are heating oil prices — along with diesel fuel, gasoline and many other products sourced from crude oil.
Unfortunately, a range of unexpected events can disrupt crude oil supply, including war, political upheaval and natural disasters. If supply is considered in jeopardy, this will affect the price of world crude oil, as well as natural gas and other fuels.
Even the possibility of a big disruption in the vital energy supply chain heavily influences the buying and selling in the financial markets. Uncertainty causes energy prices to rise based on traders’ speculations about what could happen in the future because of current conditions. This is often referred to as the fear factor.
Here’s the bottom line: Neither Walton’s nor any other local energy supplier can control the root causes of heating oil price fluctuations.
Similarly, we want you to know that Walton’s does not make more money when heating oil prices rise, just as your neighborhood grocery sees no additional profits from higher food prices. We know our customers are happier when prices are lower, and we are, too.
That’s why our team works tirelessly to secure the best heating oil price from our suppliers, and we offer several pricing and payment programs to keep your monthly payments manageable.
Our EZ Pay fuel payment plan will help take the worry out of your winter. Here’s how it works: we’ll review your fuel use over the past few winters and calculate a monthly payment amount based on current price levels. You’ll then make either 10 or 12 equal, predictable payments over the course of a year, depending on when you enroll.
With EZ Pay, you will never get an unexpectedly high heating bill again!
To maximize control over your home energy budget, you can also enroll in one of our price protection programs. Here are your options:
If you prefer not to sign up for price protection or renew your current plan, no worries. Some customers prefer our competitive daily delivery rate, which rises and falls with the market.
Not sure what pricing program will work best for you? Please reach out to us, and we’ll be glad to discuss your options in more detail.
Walton’s proudly serves Lansdale, Abington, Norristown, Warminster, Warrington, Horsham, West Norriton and surrounding towns in Montgomery and Bucks counties.
