About this chart: This is the NYMEX Heating Oil Monthly continuation chart. This is the commodity that sets the price of diesel fuel. You can see the lows that have come in late April or May since 2020. Buying your fall diesel ahead in late April or early May has worked really well over the last four years. In 2022 prices spiked up to over $5.50 per gallon and then set back to about $3.00 per gallon by that fall. In the other three years the savings worked out to be 20 to 40 cents per gallon.
What this means for you: It is time to start checking on your third and fourth quarter energy needs. Be ready for the Action Alert next week.