With the price fluctuation of home heating oil bouncing daily, it is hard to know when the prices are at the bottom so you can buy. Many heating oil companies offer the price on their websites or in the newspapers. Tracking the velocity of home oil prices in CT is not always the best way to predict where the market will head. Staying up to date on market trends from websites like bloomberg.com may help when buying oil, but is not always the case.
Heating oil companies in Connecticut compete daily to offer the best rates on heating oil. Some are much higher than others. Another place to watch the future activity of heating oil is on the stock exchange. This is where future oil contracts are traded. NYMEX is the commodities futures exchange.