How are oil prices set?

Heating oil is traded on the commodities market just like natural gas and electricity. This means heating oil cost is subject to normal ups and downs, just like the stock market. However, the biggest influence on the cost of wholesale heating oil is the price of its original raw material, crude oil. Due to the fluctuations in crude oil prices, as a dealer in heating oils, PriceEnergy has no idea what will happen to wholesale prices from week to week. We guarantee, however, that as a member you'll receive the best heating oil price possible and a better one than you could obtain on your own!  more