Annual Oil Heating Supply Contract Review
Why it matters
Oil prices fluctuate 30–50% year-to-year; reviewing contract terms (locked vs. variable price, cap level, auto-buy thresholds) can save $200–800/year. A smart pre-buy or fixed-price contract locks in low summer rates before winter spikes.
Stop forgetting to do this.
Hearth generates a personalized maintenance schedule so you never miss another annual oil heating supply contract review.
How to do it
- 1
Gather your most recent oil bills (last 12 months) to calculate total consumption and spending.
- 2
Contact your current oil supplier to review contract terms (price structure, cap level, auto-delivery settings).
- 3
Ask about available programs: fixed-price contracts, pre-buy programs, or price cap options.
- 4
Solicit quotes from 2–3 competitors in your area (search 'heating oil supplier near me').
- 5
Compare $/gallon pricing across suppliers; ask about price caps and rate-lock terms.
- 6
Consider a pre-buy in July/August to lock in summer rates (typically 10–20% lower than winter rates).