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What Causes Heating Oil and Propane Prices to Go Up?

Many Factors Have Played a Role

fuel prices west virginiaOnce again, we’re seeing energy prices surge across the board. We know how painful that can be for our customers. It’s painful for us as well.

What’s Going On?

Gasoline and heating oil prices have risen more than a dollar more per gallon vs. a year ago. Natural gas prices have skyrocketed more than 150%. Crude oil prices have climbed above $80 per barrel, a level we haven’t seen in seven years.

The cost of electricity has not been spared either. Higher natural gas prices result in price hikes for wholesale electricity because of heavy reliance on natural gas-fired power plants.

What’s more, wholesale propane prices recently hit their highest weekly average levels since February 2014. Read about the factors that are driving today’s energy market.

What We’re Doing

People sometimes misunderstand how negatively all this impacts local heating fuel dealers as well. We don’t make more money when prices rise like this–we make less. It’s like when the cost of coffee, milk or orange juice rises. It’s not the local grocery store that is profiting.

We know that in times like these, our customers have a harder time paying their bills. They reduce expenditures. We need to tap into our lines of credit more. Our phones light up with questions. So the sooner energy prices drop, the happier we’ll be.

In the meantime, please talk to us about what we can offer to help you reduce your energy costs, or handle payments more easily. And if you are having trouble with your bills, please call us and we’ll work with you to find a solution. There are also programs to help you with your home heating costs.

Trust Roach Energy to Come through for You

We’ve been in business for many years and have deep roots in the community. We have secure access to supply. We are doing everything possible to ensure we can deliver—even if other companies cannot—no matter the cost or difficulty we face.

When it comes to saving you money, we do our best for you on several fronts. Our pricing for heating oil, propane, and commercial gasoline and diesel fuel is competitive, so you know you’re getting a fair deal.

We also help you save energy and money by installing high-efficiency equipment. We don’t just install the most energy-efficient equipment, including boilers, furnaces, water heaters and air conditioning systems. We also provide expert maintenance so your equipment runs at peak energy efficiency. We also offer financing to help you afford your investment in efficient, money-saving equipment.

We thank you for your understanding and we appreciate your loyalty. As we’ve done quite a few times during our nearly 70 years in business, we will get through these tough times by all working together.

Founded in 1952, Roach Energy is a full-service fuel and HVAC-services provider. We make sure our customers have what they need to keep their homes warm and comfortable and your business running. Our service area has expanded over the years to cover Berkeley, Morgan, Jefferson, and Washington counties. And what we offer has evolved as well.

We offer emergency fuel delivery and equipment service 24 hours a day, 365 days a year, as well as dependable and safe deliveries of heating oil and propane.

Contact us today and we’ll be glad to help. If you would like to become a customer, please go here.