PAYMENT PLANS
All of our payment plans with complete terms and conditions are defined in our Residential Information Handbook. If you do not have a copy, be sure to request a copy before you make your final selection or download it from this website.

Prepayment Plan
This plan requires the customer to pay a minimum of 80% of their anticipated fuel consumption at the commencement of each heating season. This plan includes an annual fee to insure customers against price increases not due to any Supply Disruption. The amount of the annual fee is based on the prices charged on the New York Mercantile Exchange to purchase put and/or call options to insure against price fluctuations. This plan offers protections from both price increases and price decreases. If the Peterson Oil market price falls below your Prepayment price, you will be automatically billed at the lower market price. If the retail price becomes higher than your original prepay price, Peterson Oil will invoice you for that delivery at the original prepay price unless the price increase is caused by a Supply Disruption. The Prepayment Plan expires at the end of the heating season (June 30th), or when the purchased gallons are consumed, whichever comes first. If you use more than your prepaid gallons, all subsequent deliveries will be at the Peterson Oil Service (POS) posted market price. Credit balances receive no interest. This plan also features the option to purchase one of our service plans.

Prepayment Plan - Fixed
Like the standard Prepayment Plan, this plan requires the customer to pay a minimum of 80% of their anticipated fuel requirements at the commencement of each heating season. Like the standard Prepayment Plan, this plan offers protection from price increases not due to any Supply Disruption. Unlike the standard Prepayment Plan, this plan does not charge an annual fee, and therefore does not pass on to the customer any price decrease that may occur during the season. The Prepayment Plan - Fixed expires at the end of the heating season (June 30th), or when the purchased gallons are consumed, whichever occurs first. If you use more than your prepaid gallons, all subsequent deliveries will be at the (POS) posted market price. Credit balances receive no interest. This plan also features the option to purchase one of our service plans.

Installment Plan
This plan permits the customer to make monthly payments over 10 months. This plan anticipates that the customer will pay a fixed monthly price for fuel deliveries, absent any Supply Disruption. This plan comes with the option to purchase one of our service plans.

Market Price Plan
For homeowners who prefer to pay their bills in full as they go, we extend credit for 30 days from date of delivery, and give you the option of paying by check, credit card, cash, or direct withdrawal. This plan offers fuel at the Peterson Oil Service (POS) posted market price. This plan comes with the option to purchase one of our service plans.

Just Oil Plan
If you do not require a full service plan, this may be your option. You may still choose to have automatic delivery. In a stable energy environment, for tenants or others who are not responsible for equipment maintenance, this plan is ideal.

Just Oil Plan - Fixed
This plan offers the same terms and conditions as the Just Oil Plan, however this plan offers a fixed price, absent any Supply Disruption. This plan includes an annual fee to protect customers from any price increases not caused by a Supply Disruption, the cost of which is based on the prices charged on the New York Mercantile Exchange to purchase put and/or call options to insure against price fluctuations. If you do not require a full service maintenance plan, this may be your option. You may still choose to have automatic delivery.