The P. Gagnon & Son Blog

What’s Going On With Fuel Prices?

P. Gagnon & Son is here to explain, and help

home fuel costs maineIt’s been a rough 2022 when it comes to energy costs.

Energy costs in all industries—including oil, propane, natural gas, and electricity—had been rising steadily due to sluggish global oil production not keeping up with the mass demand that immediately followed the emerging from the COVID-19 pandemic.
The cost of natural gas increased by more than 150%. The price of crude oil went over $85 per barrel, the highest it had been in seven years. Propane prices were at their highest level in seven years. Electricity costs also rose, owing to the industry’s reliance on natural gas-fired power plants.
Then came the invasion of Ukraine by Russia along with the sanctions that followed, which heaped more economic misery when it came to energy costs onto consumers already exhausted after two years of living in a pandemic.
We get it. We hate seeing what’s happening with fuel costs and we don’t know when things are going to get better. One thing for sure is that we promise that you will not run out of heating oil or propane. We have strong ties with our vendors and financial institutions.

We’re in this together with you and we offer solutions that can help you manage your fuel costs now and in the future. If you are having a hard time paying your P. Gagnon & Son bill, please get in touch with us before you fall behind so we can work with you on a solution.

Options to control your fuel costs

SimplePay. Whether you use heating oil or propane to heat your home, your bills are going to be bigger in the winter. With SimplePay, you spread your costs out over the year with 12 easy payments.

Pricing protection. We offer Fixed Price, where you agree to your price per gallon ahead of heating season and it doesn’t change, for both heating oil and propane. Heating oil customers can also choose Flex Plan, where you pay for your winter’s supply of heating oil ahead of time and get a discount of 25 cents per gallon, and Price Cap, where you pay your set price per gallon or the day’s market price, whichever is lower.

If you have any questions about our pricing and payment options, please contact us and we’ll gladly answer them.