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Here’s an Example:
First, we assess your annual usage to determine how many gallons you have used in the past. Let’s say you use 800 gallons of heating oil or propane annually. To come up with your monthly payment we will multiply your annual usage of 800 by the price per gallon (Let’s use $2.00 as an example) then divide by 12:
Example: 800 x $2.00 = $1,600 over 12 Months = $133.33 / Month
What Happens If Prices Change?
In January we will re-evaluate your account to make sure you are on the right track with your monthly payment. If propane or heating oil prices fall then GREAT! Your account will be properly adjusted. If on the other hand prices rise, this will give you the opportunity to have your monthly payment adjusted, to help you avoid a balance at the end of the program.