Dear Friends,
Higher energy prices have been a painful fact of life this year. As we approach the winter, we expect some continued price volatility.
The Cubby team is working hard to meet these challenges and ensure your comfort.
After peaking in late spring, oil prices dropped considerably this summer, only to skyrocket again when OPEC slashed production in early October. There’s just no way of knowing for sure where they will go in the future. If you follow fuel price projections daily as we do, you’ll find evidence supporting different scenarios.
Price pessimists point to historically low levels of fuel inventory entering the heating season, the EU’s December 5 deadline to cut off Russian natural gas shipments, the strong U.S. dollar, and other factors.
On the other hand, optimists project that worldwide economic output will continue to fall, depressing global demand. When you add to this the traditional uncertainties of weather and the unlikelihood that the crisis in Ukraine will end soon, you’ve got a prescription for extreme price volatility for all energy sources — not just heating oil.
One thing you can be confident of in this situation is that Cubby Oil & Energy will do all we can to keep you and your loved ones safe and comfortable. We’ve been in business for more than 70 years. We’ve navigated turbulent economic times before. Cubby has excellent relationships with fuel suppliers, and we always prioritize our existing customers.
Don’t hesitate to contact us if you have questions or concerns. We’re always here to help!
Sincerely,
President