Written on: March 9, 2022
Dear Marandola Fuel Customer,
We are overdue to reach out about the alarming surge in energy prices. People are astounded by how much prices have risen, and how fast. Prices were already up more than a dollar this season from the previous year because of issues related to the pandemic. Then, the Russian invasion of Ukraine shocked the energy markets, sending crude oil up over $130 per barrel as of this morning.
An existing very tight supply picture, with the news yesterday of a US embargo of Russian oil have raised heating oil costs to an all-time high.
To give you a sense of this of how this affects us and you, in the last 6 business days, the cost of heating oil has surged over $1.50/gallon.
If you fixed or capped your price this year, we will honor all commitments as we always have.
We have been through this before and we will ride this out. We have been in business over 80 years and have very strong relationships with suppliers and financial institutions. If you are having trouble paying your bill, talk to us. Many times, we can work out something to give you more time.
Nothing will make us happier than when prices start dropping. Until then, trust us to look out for you and pray for the people of Ukraine.
Shane Casey, Owner