Holtzople Heating & Air Conditioning is pleased to announce the addition of two energy efficient systems to its HVAC lineup. Holtzople’s diverse lineup now features geothermal systems from Trane and solar ready systems from Lennox.
Geothermal systems from Trane are known to be some of the most energy efficient systems available today and have been recognized by the Environmental Protection Agency as being one of the most efficient ways to heat and cool a home. Geothermal systems typically operate with such efficiency that they can return up to four dollars of heat for every dollar spent on electricity. These systems can also be configured to reduce the need for energy to heat water that is used for washing dishes, bathing, and laundry.
It is a sign of the times when you see 7 propane tanks stolen from an outdoor storage area at CVS Pharmacy http://www.southtownstar.com/neighborhoodstar/homewood-flossmoor/2018004,012910hfcops.article Heating oil prices in Massachusetts Cheap oil prices in Massachusetts
November heating oil prices have extended their decline from last week into this morning and were down nearly $0.30 from the September 16th high to this morning’s low. A rebound in outside market sentiment helped fuel a rebound in prices back into positive territory this morning. The Commitments of Traders Futures and Options report as of September 20th showed non-commercial traders were net long 21,214 contracts, an increase of 6,680. Non-commercial and nonreportable traders combined held a net long position of 33,053 contracts, for an increase of 5,162 on the week.
December heating oil prices seemed to draft a level of support during the overnight trading hours on prospects for a larger than anticipated draw in this morning’s EIA data. Meanwhile, heating oil inventory data out of Germany earlier this morning pegged October 1st supplies at a seasonally high level in the wake of mild fall weather conditions. Expectations for this morning’s EIA distillate inventory data are for a decline in the range of 1.5 million barrels.
November heating oil took on a slightly higher track during the initial morning hours but seemed to retreat with a rebound in the US Dollar. Some traders indicated that the overnight strength in heating oil might have come from private industry data that showed an unexpected decline in weekly distillate supplies. Expectations for this morning’s EIA inventory report call for a build in the range of 250,000 to 500,000 barrels.
November heating oil managed to hold above an overnight test of downside support, helped in part by a positive turn in risk sentiment and US Dollar weakness. Some traders pointed to an increase in agricultural demand for diesel as offering support as well. Wednesday’s EIA report showed distillate stocks rose 72,000 barrels, quite a bit less than expected. This brought current inventory levels to 15.911 million barrels below last year but 6.656 million above the five year average. Distillate imports came in at 150,000 barrels per day compared to 158,000 barrels the previous week. Average total distillate demand for the past four weeks was down 1.04% from last year. EIA heating oil stocks fell 770,000 barrels, to 11.555 million barrels below last year.
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November heating oil prices continued to grind lower during the early morning hours, falling to their lowest level since August 9th. It appears that fresh Greek debt concerns, rally in the US dollar and weakness in Brent crude oil have weighed on the market. The Commitments of Traders Futures and Options report as of September 27th showed non-commercial traders were net long 7,758 contracts, a decrease of 13,456. Non-commercial and nonreportable traders combined held a net long position of 14,111 contracts, for a decrease of 18,942 on week. This represents more than a 50% reduction in the net spec long positioning in just one week.
November heating oil prices traded lower during the early morning hours, slipping to their lowest level since January 28th. The weak outside market tone, with a rally in the US Dollar and broad equity and commodity market weakness, remained a negative for the heating oil market. Midwest cash markets garnered a lift yesterday from the closure of Enbridge’s Oklahoma through Illinois pipeline, and that is seen as a factor that could put upside pressure on diesel prices as the fall harvest picks up.
November heating oil prices are up more than $0.06 from yesterday’s low to the current levels and appear to be benefiting from a positive shift in outside market sentiment. In addition to a positive outside tone and prospects for a boost in US agricultural demand for diesel, the heating oil market could be pricing in a jump in European distillate demand as the winter season approaches. Early gains this morning could also have been the result of industry data, released after the close yesterday, that showed a rather large and unexpected decline in distillate supplies.
