For those members using fuel oil, I’m sure you noticed the cost per gallon has gone up considerably. On January 3rd the spot price at the Albany pipeline was $2.66 and today it’s $2.90. That’s a .24 cent increase in 31 days. It’s always interesting to try and figure out why these fluctuations accrue. I have done a fair amount of research and feel we need to look no further than Wall Street.
Although there is not much we can do about the global wrangling of crude prices, we should take some comfort in knowing that Co-op members pay less than non Co-op members. Those of you that follow retail fuel oil prices have seen that our prices are consistently lower than the rest. Because of our success with in Schenectady, Saratoga, Montgomery, Fulton and Warren counties, we are now looking for fuel oil distributors to partner with in Albany and Rensselaer County. If you know of a distributor that you think we should consider, we would be glad to talk to them.