Oil Purchase Plans

Since the days of stable oil prices are behind us, we are constantly trying to invent new ways for our employees and our customers to buy home heating oil economically.  Unfortunately, oil is now a commodity which means that it is traded on the commodities market and the prices change throughout the day, sometimes minute by minute.

Unfortunately, an oil delivery company such as St. Pierre Oil Co., Inc, has no control over the daily price of oil.  St. Pierre Oil Co., therefore, along with other oil companies, is at the mercy of the market just as you are.

Because oil prices change for reasons beyond our control and since oil prices are sensitive to world events, any Oil Purchase Plan that we might devise will not and cannot be the final answer to oil price volatility.  However, we have developed plans that if purchased at the right time might minimize the cost of heating your home. 

If we apply Economics 101 (the theory of supply and demand) to the price of oil, one could surmise that the price of oil should be at it's lowest when supply is at its highest and demand is at it's lowest notwithstanding any global economic conditions that govern otherwise. Therefore, it should be safe to say that if the nations are at peace with one another, if the world's economy is stable, and if the weather is calm, it would seem logical that the price of oil should be at it's lowest during the summer months when demand is low and supplies are high.

Based on this logic, it seems plausible that households should consider an Oil Purchase Plan that locks in a price for the entire heating season during the summer months.  In the column to the left are plans for your review. Please click on them to read the details of each plan. We at St. Pierre Oil feel that if purchased during the summer months, these plans will minimize the cost of oil for the heating season.

All Oil Purchase Plans are based on your homes estimated annual consumption and are priced daily in accordance with the daily market price.  All Oil Purchase Plan agreements must be confirmed in writing.  For your protection, by Connecticut state law, all Oil Purchase Plans are protected by futures contracts that St. Pierre Oil Co. engages in with its suppliers or they are protected by stored bulk fuel in our Southbury fuel storage facility.

Pre-Buy Purchase Plan

This plan can be purchased from June 1st to October 31st and ends on May 30th of each year or when you use all the gallons you ordered for the heating season. The price is fixed and will not increase if oil prices should increase after the agreement is signed and the price will not decrease should oil prices decrease after the agreement is signed. Payment for the entire order is required at the time the agreement is signed and automatic delivery of oil to your home (based on your consumption rate as determined by our degree day calculations) is required. Once the agreement is signed and payment has been made, the price is locked in. (Buying oil is like buying a stock. The price changes continually but once you purchase the stock, your cost is fixed.) St. Pierre Oil Co., Inc. will purchase your oil to secure it for your consumption either through a futures contract with our suppliers or by storing it in our fuel storage facility in Southbury. Once signed, this agreement is non-cancelable.

If you don’t already have a copy of the contracts and would like to receive one, please fill out our request information form or call our office at 203-263-2155.

Fixed Price Purchase Plan

This plan can be purchased from June 1st to October 31st and ends on May 30th of each year or when you use all the gallons you ordered for the heating season. The price is fixed and will not increase if oil prices should increase after the agreement is signed and the price will not decrease should oil prices decrease after the agreement is signed. Payment is due within 30days of oil delivery and automatic delivery of oil (based on your consumption rate as determined by our degree day calculations) is required. Should payment not be received within 30 days of delivery, there will be a late fee plus finance charges applied to your account. Once the agreement is signed, the price is locked in and St. Pierre Oil Co., Inc. will then purchase your oil to secure it for your consumption either through a futures contract with our suppliers or by storing it in our fuel storage facility in Southbury. Once signed, this agreement is non-cancelable.

If you don’t already have a copy of the contracts and would like to receive one, please fill out our request information form or call our office at 203-263-2155.

Budget Purchase Plan

This plan can be purchased from June 1st to October 31st and ends on May 30th of each year or when you use all the gallons you ordered for the heating season. This plan is intended for those who want to spread the cost of their heating expense over a period of time. The price is fixed for the number of gallons you order for the heating season. The price will not increase if oil prices should increase after the agreement is signed and the price will not decrease should oil prices decrease after the agreement is signed. Payment is due the first of every month starting with the first payment on the day the agreement is signed. Automatic delivery of oil (based on your consumption rate as determined by our degree day calculations) is required. Should payment not be received on the first of every month, there will be a late fee plus finance charges applied to your account. Once the agreement is signed, the price is locked in and St. Pierre Oil Co., Inc. will then purchase your oil to secure it for your consumption through a futures contract with our suppliers. Once signed, this agreement is non-cancelable.

If you don’t already have a copy of the contracts and would like to receive one, please fill out our request information form or call our office at 203-263-2155.

Daily Price Purchases

Purchasing oil at the daily price of oil is intended for those who prefer to roll the dice. The price you pay for your oil is whatever the market price of oil is the day the oil is delivered to you.

• Those on Automatic Delivery can qualify for a $.10/gal discount if payment is made within 10 days of delivery. Any payments not received within 10 days of delivery will forfeit the discount and any payments beyond 30 days will be subject to late fees plus finance charges.
• Those that prefer Will Call delivery must make payment in full (C.O.D.) on the day of delivery.