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Last year, prices went from record breaking highs to lows not seen in decades. Here at Dominick, we know how difficult that was for everyone - so we're offering new price protection and payment options to make it easier for you.We've been asked which program is best, and while we understand that each customer has different needs, we recommend that you consider our Capped Price Program. It protects you against price spikes, and gives you the advantage of lower pricing if costs drop. In contrast, customers who were on a Fixed Price Program last year saved when pricing was at its highest, but could not lower their costs as prices dropped; and while Market Price customers enjoyed the lowest price points, they also paid the full price when the market was soaring. With the Capped Price Program, our customers win should prices go up or come down. Capped Price:
Your maximum (or capped) price is set for a specific number of gallons that you predetermine.Pros - If the price of fuel goes up, you are protected by the capped price; if the price of fuel goes down, you will receive the lower price thanks to downside protection. Cons - An up front fee is required for protection. In order to give you a Capped Price, we have to purchase your protection in advance. Due to the volatility in the market, we must have your signed commitment before we can commit to our suppliers. You will be charged a fee to secure your capped price, based on the number of gallons protected. ![]() Fixed Price Pay-As-You-Go:
NEW FOR 2009-2010! You lock into a set price for a specific amount of gallons that you predetermine, paying for your fuel either with a 12 month budget or, just pay in fifteen days from the date of delivery. The choice is yours.Pros - You are protected from increasing fuel costs, you will know exactly how much you are paying for every gallon of fuel. Cons - If market prices go down, you do not benefit because you are locked into a set price until your contracted gallons have been exhausted. This plan includes a $20 application processing fee. Pre-Pay Fixed Price:
NEW FOR 2009-2010! You lock in a set price for a specific number of gallons that you predetermine; making one full payment.Pros - Because you are paying in full for this plan, you will receive a price break, and you are protected from increasing fuel costs. Cons - Since you are locked into a set price for your agreed-upon gallons, you will not benefit should fuel prices decrease. Market Price:
No fees. You pay for your fuel at the daily fluctuating market rate - just as you pay for gasoline at the pump. Pros - No fees. If prices are lower when you purchase your oil, you will receive the lower price; you are not locked into a price. Cons - If prices are higher when you purchase your oil, you will receive the higher price; you are not protected from price increases. Dominick Fuel has had a history of offering its customers competitive heating oil prices. To see Connecticut's regional retail heating oil prices, click here. When determining the number of gallons for your Capped Price, Fixed Price Pay-As-You-Go, or Pre-Pay Fixed Price, we recommend you secure no more than your annual usage. If you don't know your annual usage, please contact us and we will let you know. All price protection programs above require enrollment in automatic delivery and are subject to terms and conditions. |
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