Home heating oil costs soar

The price of oil now is between $5 and $6 for a gallon of heating oil. That's twice what it was last winter. Like seemingly everything else, the cost to heat your home has gone up. What can you do? It's just like, who said the price? Customers are so concerned about this winter's heating oil prices. They don't know what to do. They don't know whether or not, should they wait? Or should they commit? Should they go into a program? Or should they ride it out? Trager Home Services President and CEO Dennis Trina says try not to wait. So we have customers in August that waited, September that waited, October. And every month that goes by, the price of oil has gone up. And we don't really know where the escalation in the crisis is going to go. You also want to be careful with a fixed price because you don't want to be locked in at a high price if the cost falls. Get into a program now that provides a ceiling, protects the high side. and then we also can lower your price as prices fall because as a company what we do is we buy security that allows us to be recompensated to deliver you at a lower price when low when prices fall dennis says look at what it costs to heat your home as an annual investment and the easiest way to ride out spikes in oil prices is if your home is on a budget you set a price with your dealer and you pay it 12 months a year he also says installing a new more efficient boiler can save you money. Cecilia Dowd, News 12.