This morning I decided to hedge our family against the fluctuating oil price for our old heating system (as long as it is still running).
The aim is to hedge against the volatile oil price, as I am forced to buy oil exactly when the tanks are empty. This can be in a low or in a high.
For this purpose, I have calculated half the expected price for a full tank in $CRUD (-3.55%) and thus based on the WTI (West Texas Intermediate). The price of my purchased shares at [€8.3853] is a pretty good price compared to the prices in 2024.
In addition, I now invest €250 each month via a savings plan in $BRNT (-3.29%) and thus into Brent (North Sea oil fields). I hope to use this to save for the second half of the heating oil tanks. With the monthly savings rate, I hope to achieve a normal average price.
What do you think?
How do you do it with your heating oil supply?
