Our current daily delivery price is $1.79 a gallon
The recent storms and upcoming winter are challenging for both consumers and suppliers of all energy products. Energy prices have been, and will probably continue to be very volatile. Natural gas, gasoline, heating oil and most energy products are traded daily on commodity markets. The retail price of these products is based on these markets. Cronin Oil does not have any idea if oil prices will rise or fall but we are always striving to provide the best possible service at the best possible price. In our continuing effort to serve our customers, we are again offering several payment and price protection plans for the coming season.
Pay as You Receive Delivery
You will be billed for each delivery at the daily delivery price and you may deduct 5 cents per gallon if payment is received with 10 days of delivery with cash or check only, net due in 30 days.
After you receive your delivery, we can automatically charge the delivery to your Visa or Mastercard credit/debit card so you don’t have to remember to make the payment. We can then email you when the charge has been made.
Ten equal monthly payments based on the estimated cost to heat your home. The budget starts in August and ends in May. Budget payments are due the 10th of each month. We pay 3% annual interest on credit balances at the end of each month. If you were on the budget plan last season, we will automatically recalculate and renew your budget based upon the prior year's usage. Remaining credit balances are used to calculate the following year's budgets.
Price Protection Options
We are able to offer two price protection options by purchasing futures contracts in the commodity markets. These markets are constantly changing. Because of this, prices are subject to change without notice. These plans are strictly optional and only open for a four week period.
Option # 1 – Pre-Payment Fixed Price Plan: Available now 9-14-20 (closes 10/9/20)
You determine how many gallons you want to buy at the fixed contract price on our website. This is usually based upon the amount of oil used during the previous heating season. The price per gallon will not change, up or down, until the gallons are used or the contract expires on 4-30-20. Your price per gallon is fixed when we receive payment with a signed contract. This option is not available for budget customers.
Option # 2 – Price Cap Insurance: Available now 9-14-20 (closes 10/9/20)
Price Cap Insurance may be purchased when participating in either Pay as You Receive Delivery or the Budget Plan. Price Cap Insurance guarantees you will never pay more than the cap price per gallon. Your price per gallon will be the lower of the daily delivery price or cap price through 4-30-20. The fee for this plan is 25¢ per gallon, which is nonrefundable for unused gallons. Your cap price is set when we receive payment with your signed contract.