$3.67 - 2/26/24 average prompt pay member price (MA)

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The price displayed above is an average of 30+ membership prices from individual dealers across MA or RI.  Since prices vary by location and wholesaler, sign up to receive a more accurate member price for your area.

 

If you are a member, check your dealer's price by logging into My Account.

 

Savings per 700 gallons of oil
Despite terribly high prices, we save members money compared to same-day statewide average prices for home heating oil in MA & RI.

Compare our average prices to what non-members pay.

Our members save an average of 15-30 cents per gallon.

Line: Average daily member price, based on 30+ dealers in our network across 2 states.
Dots: State average retail price of full-service oil dealers. Released once per week in fall/winter, and applies that day only.

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Market commentary

Heating oil prices have slowly crept up nearly 60 cents a gallon from the Spring, reflecting the $4.00 per gallon or more we are now seeing. Supplies are tight and demand has been steady. Saudi and Russian production cuts combined with a big slowdown in production from the United States has help to drive the price rise.

With rising markets it is always helpful to put things in context. Historically, the commodity price of heating oil often peaks in September. History also shows commodity markets for heating oil tend to be lowest in January and February. While history says one thing, oil market commentators are touting $100/bbl crude oil that would mean well over $4.00 heating oil for the heating season. Our experience has us hopeful we’ll see a market correction that will usher in our savings as the weather gets colder.

Either way, our dollar cost averaging approach will win out in the end as it has for over thirty years. While the market run ups can feel hard at times, the inevitable sell offs make up for them. After all, few of us buy oil only one day a year and take advantage of the erratic heating oil commodity market by paying the price on the day. This has made for some great savings on average for our members.

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Our staff people are ready to help with any questions. Call us at (617) 397-5199, or email us at hello@greenenergyconsumers.org. If you're already a member, you can log in and check your dealer's member price at https://myaccount.greenenergyconsumers.org. If you have not yet used that site, click on "forgot password" to create your login credentials linked to the email address we have on file for you.

How do our prices compare?

Massachusetts' latest price survey of full-service dealers, on Monday, February 19th, posted an average price per gallon of $4.14, with a high price of $4.90 and a low of $3.69. The average prompt-pay price for our members in Massachusetts that day was $3.78 per gallon, for a savings of 36 cents per gallon.

The U.S. Energy Information Administration's latest survey Rhode Island's heating oil price, for the week of Monday, February 19th, was $4.09. The average prompt-pay price for our members in Rhode Island that Monday was $3.54, for a savings of 55 cents per gallon.

Already a member? Tell your friends about your savings
https://www.greenenergyconsumers.org/refer. When a new member joins and gives us your name, we'll thank you with a $50 credit to your account with your Green Energy Consumers oil dealer.