Oilheat America







What is the definition of the wholesale price for heating oil?

Furnace What is the definition of the wholesale price for heating oil?

The wholesale price is the price the dealer pays for his oil from large, and generally multinational companies. These prices reflect the daily trading activity that occurs on world energy trading markets such as the New York Mercantile Exchange (NYMEX). Your local Oilheat dealer has no control over the wholesale price, however, most dealers work hard to find the lowest wholesale price in their market. A dealer prices heating oil to customers by examining the wholesale price, overhead or fixed costs associated with running the Oilheat business (rent, vehicle expenses, employee wages, insurance, etc), and the price trends and other prices in the market.

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