Five years ago, I installed a wood pellet stove as an alternative to my oil furnace because of the high price of oil. At that time, heating oil was more than $3 per gallon and a 40-pound bag of wood pellets was $2.30.
Today, oil is somewhere around $1.75 per gallon and a 40-pound bag of pellets is about $6. People can do the math.
This year, I will be turning up the thermostat on my oil furnace and let my pellet stove rest.
I hope the pellet manufacturers have a lot of storage space because I have a feeling they are going to need it.
Last year, I believe a shortage of pellets was just a way to increase prices to the level they are now.
I believe that is going to backfire, just like what happened to the oil companies when they raised heating oil prices and hurt millions of people who were already struggling from paycheck to paycheck.
New Englanders know how to adjust when prices go through the roof.
Phillip Webber, Lisbon
Send questions/comments to the editors.
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have a commenting profile? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.