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Fuel Oil Budget Plan

July 7th, 2014 at 02:45 pm

If you've been following my blog for the past year, you may remember that we're on a budget plan with our fuel oil supplier, for our home heating. The cycle runs from the beginning of July, to the end of June. Our monthly budgeted payment was $220 for the past year.

This weekend, we received the year-end statement. Our balance at the end of the cycle was -$399.22, or we had payed about $400 more over the course of the year than we had used in fuel oil. That's more than $30 per month in over payment.

BUT, our new budget amount is $250 per month, a $30 increase. So, I'm sitting here wondering why our new budgeted amount is $30 more per month, when last year we overpaid by an average of more than $30 per month.

My assumption is that the company is forecasting an increase is fuel oil prices over the next year. And, they very well might be right. However, The winter of 2013-14 was the coldest winter in about 36 years! I have a hard time believing that we will spend $720 more to heat our house this next year than we did this past year.

Clearly, I need to call our supplier, and I will. I just wanted to vent my frustration first.

2 Responses to “Fuel Oil Budget Plan”

  1. Bob B. Says:
    1404758783

    Call off the hounds. I called our supplier, and they agreed to drop the monthly payment back to $220.

  2. creditcardfree Says:
    1404761256

    Good news! It almost sounded like they didn't count your budget balance in their new calculation.

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