On Nov 19, 3:27 pm, RobertPatrick wrote:
frank1492 wrote :

I live in Massachusetts and my natural gas is
supplied by Nstar. I have been given the option to lock in
my gas price for this heating season at $1.2624 per therm.
It is also noted that, as of Nov.6, the gas supply charge
"for the winter" is $1.2424.
Is this a good idea do you think? I will need to guess
whether gas prices will go up in the NE. I do know that
the NE is expected to be colder than normal this year.
Your ideas would be much appreciated!
Thank you.
Frank

I always select the fixed option. Looks like you call that locking in.

I have oil and could have locked in last winter at $2.35/gallon. I
didn't and ended up paying an average of $3.10/gallon - got burned.
This year when it came time to lock in oil was skyrocketing. I had an
offer to lock in at $4.70. I didn't. Now it's back down to $2.35/
gallon, roughly half of what I could have locked in for. I have
neighbors who are beside themselves for locking in and have to pay
$1000 to get out of their contract - which might actually be worth it
now. It's pretty horrible that speculators are allowed to manipulate
the commodity markets the way they do. I think that the only people
who should be allowed to buy commodities are the people who can
actually take ownership of what they buy.