Greeleys Oil Co Inc

Information may not be reliable

847 Plymouth St. - P.O. Box 494, Halifax, MA 02338Phone: 781-293-5275 Fax: 781-293-9137
customerservice@greeleysoil.com

Chris and Rick were interviewed on WATD 95.9, here's what they had to say!

A local, family owned business, Greeleys' Oil Co. has been reliably keeping the homes of Halifax and the surrounding towns comfortable for 30 years.
24 Hour emergency oil burner service by our own licensed technicians.

100 gallons - $2.999/gallon
Now selling diesel fuel $3.099/gallon. Give us a call about volume pricing.*Prices subject to change without notice

Hi Folks, A barrel of oil is up to $88.00. This was helped by a decline in inventories of U.S. Crude and gasoline stockpiles. U.S. inventories of crude oil fell by 3.3 mllion barrels this week. Crude inventories are a healthy 364.9 million barrels, still well above the average level for this time of year. Gasoline inventories declined by 1.9 million barrels to 210.3 million barrels. Demand is slightly higher than last year at this time. Distillates (fuel oil) had a big drop of 5 million barrels. This leaves inventories of fuel oil below last years levels which were high by industry standards. I still see prices moving higher. Commodities such as oil are still a good investment for investors who want to protect themselves from a U.S. government making their dollar worth less.

Hi Folks, Here is something interesting to report in the oil industry. The supply of crude oil hit an all time high of 366.2 million barrels. Don't forget a barrel is 42 gallons. This translates into 15,380,400,000 gallons. That's a lot of storage. The interesting thing is gasoline inventories fell by 4.4 million barrels. Distillate (fuel oil) inventories fell by 1.6 million barrels. I believe this drop in gasoline and fuel oil inventories is a direct result of the French strikes siphoning off refined product. Demand for refined products in the U.S. is still weak for this time of year. It will be interesting to see what happens after the results of the French strike pass through the supply line.