Sadly, lots of people panicked and locked in their heating oil prices at or near the high.
Thank the media for the hysterical reaction.
Gas here in Dayton was down to $2.09 last week, just up slightly this week at $2.14.
We lock in every year for propane sometime in the summer. The way that works, at least w/our supplier, is we pay market price even if it is lower than the cap. The locked in price rules only when the market price is above the cap.
This year, the cap was $1.53 or so. When I checked recently, wholesale propane was $.98. That should make the retail price around $1.47. That is still about $.47 above pre-panic retail of a couple of years ago.
Gas here in Western WI ranges from $2.21 at discount in the larger cities to $2.39 out in the small towns. I think it was around $2.34 when we drove through Madison yesterday. No real change in the past 12 days when we left for vacation. We have high gas taxes...around $.34, IIRC.
I had the choice of locking or capping my propane for this year. I went with a cap. Looks like I made the right choice.