NeighborOil Releases Detailed Data on Home Heating Costs by Region

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Tracked Data shows a whopping 35% savings by being social.

"...we hope to educate consumers that they have an option to control what they pay instead of just accepting an auto delivery bill or a fixed price contract; both of which are not advantageous to the consumer.” --Paul Harkins, Chairman

NeighborOil, where consumers control the price they pay for home heating oil by being social, released data showing what consumers are actually paying for oil and the amount of money they save. Members of NeighborOil earn Neighbor Points by being social. Points which then convert to cash automatically when consumers buy oil directly from Neighboroil.

“By sharing the details, we hope to educate consumers that they have an option to control what they pay instead of just accepting an auto delivery bill or a fixed price contract; both of which are not advantageous to the consumer.” said Paul Harkins, Chairman of NeighborOil.

The data shows an average savings per order of $28 in the West, $32 in the Midwest, $38 in the Mid-Atlantic region, and $41 in the Northeast. The average price per gallon paid by consumers after deducting their Neighbor Points ranged from $3.29 to $3.36 during the period of September 15 through October 15, 2011.

Harkins added, “When you combine the power of group buying to reduce the price then add a reward component, our members are saving over 35% on their heating bills. We have members paying $2.15 per gallon by being social. It is because of this that we are growing at a rate exceeding 100% per month. We are learning a great deal about our members. Information we are starting to share to help consumers save money on home heating oil as it gets colder”.

NeighborOil is beginning to experiment with other ways to earn points and now serves more than 83% of the country where home heating oil usage is prevalent.

About NeighborOil
NeighborOil enables consumers to dictate the price they pay to heat their homes by being social. 25 million people rely on home heating oil to heat their homes at a cost of more than $32 billion this year. NeighborOil’s process consolidates this activity, no matter where a consumer lives.

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