We got an oil delivery on Monday for 188 gallons (we shoot for 150...that is about half a tank). Our mid-February delivery last year was 105 gal. Each month has been over the 150 gal goal....even with plastic on the windows, adjustable thermostat, keeping the house cool....Amazing what a colder than normal winter will do, considering nothing else changed.
With this last delivery, we are at 697/700 of the budgeted oil. The March and May delivery will be at the "going" price of the day. Our cap had us paying $3.949/gal. Monday's going price was $4.299. UGH.
We will continue to pay our $339 a month until the balance is zero. That is how it is supposed to go..an even budget payment spread out over the year. Most likely this is will happen in August, when the contract resets. The bummer is that usually we can zero out in May....and then we can put the June and July payments toward something else. Not this year!
Of course, we will have to decide how much oil to contract for next year. Last year we used just under 700. This year looks like it will be closer to 950. Darn cold weather! I am leaning toward 800....split the difference. I don't want to budget for too much, as that will raise the monthly cost, but I also don't want to end up like we did this year.
I will have to have them run the usage for the past 4 years....I know it has been going down each year. This year spiked.
Guessing at numbers....the cap rate will probably be around where it was this year....plus the cap rate fee, the oil, the service plan.....I am estimating the new contract in August will be for about $4200...putting our monthly oil at $381. Greaaaaaat.
Electric went up $10 a month since the rate went up.
I know that some people have said "that seems high" when I have talked about gas prices, car stuff, utilities. But this is what it is like here. This isn't mis-spending of money. This is the price of stuff here. Gotta love New England.....
I can't wait to find out the new mill rate for the taxes....Yip. Pee.