Devine Brothers Inc. offers three different price programs for our Bioheat and Oil heat automatic delivery customers, Market, Fixed or Capped programs.  Only you know what program is best for you.  No one can tell whether oil markets will move up or down or stay the same, but our price programs can afford you stability, certainty and choice. Below are explanations for the three programs available to you.

The price per gallon can fluctuate up and down, similar to gasoline; as high or low as the market permits.  This price is determined by the prevailing market rate in effect on the date of delivery.  The price is based on the New York Mercantile Exchange (NYMEX) plus Devine Bros. cost for handling and delivering. See charts.

The price per gallon will not fluctuate - it is fixed.  The price is based on a specific amount of gallons purchased and delivered during the period of the agreement.  The price is determined by a cost average of oil purchased on the (NYMEX) futures market.  The price is based on the (NYMEX) plus Devine Bros. cost for handling and delivering. See charts.

The price per gallon may fluctuate up and down, but the per gallon price set in the Agreement will not rise above the Fixed Price and may go as low as the Market Price permits. This price is based on a specific amount of gallons purchased and delivered during the period of the agreement. The price is determined by a cost equal to the prevailing market rate in effect on the date of delivery; based on the (NYMEX). Devine Bros., Inc. must charge an additional $210.00 for the cost of the fuel oil options required to provide this type of price security. (This price is based on a specific amount of gallons purchased and delivered during the period of the agreement). The Capped Price enables the customer to have the best of both worlds from a fuel oil purchasing program. See charts.

For your convenience Devine Bros. offers price programs throughout the year.  When we provide a price agreement to our customers, there will be a specific time frame by which a decision will need to be made, due to the daily volatility in the fuel oil markets.

The Fixed and Capped Price Agreements require a signature by our customer. It is important to know when you sign an agreement that you have bought the oil in that program. Based on your decision, we enter the market to secure your oil for that particular program. If a customer wishes to cancel the agreement prior to the date set in the agreement then liquidated damages will apply.  

Please refer to the charts attached for a two-year history of the Price Programs performances and a ten-year analysis of the Fixed Price in relation to the Market Price. This may help you decide which program is best for you.