Reply #12: Heating oil in Maine is now $3.45 a gallon - and will go to >$4 a gallon by next year [View All]

[jpak]

Right now wood pellets are the equivalent of heating oil at $2.10 a gallon.

If I locked in my oil for next year at current prices, I would be paying over $800 a month to prepay it this summer...

There will be three large pellet mills operating in Maine by next year with a combined capacity of over 100,000 tons per year - finding pellets at reasonable prices this summer shouldn't be a problem (and I intend to have 5 tons of pellets and 3 extra cords of wood on hand for next year).

(and if there was a biodeisel dealer nearby, I'd top off my oil tank with that too)...