Thursday, October 15, 2009

The cold weather has come rolling in and now is the time to get those heating systems up and running. Our technicians and our delivery crew are ready to get the products to you when you need them.

Oil prices have begun to rise as the cold weather has settled in. October last year was a month of steep declines in oil prices. So far this year, we have seen some price increases, however we are still over sixty cents below this same time last year.

Why is the price rising? We have record inventories of heating oil and propane gas and the consumer demand is down. One of the major factors of the increased price right now is the weakness of the dollar against the other currencies.

Holden Oil personel recently hosted the Essex Fire Department at our Propane Gas storage facility for a tour of the operation and an exercise of our on site safety equipment. It is always a pleasure to work with this professional and enthusiastic group.