tag:blogger.com,1999:blog-5465015914589377788.post4464804905061562015..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Locking in a Natural Gas PriceMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5465015914589377788.post-20470836647508043422012-01-27T14:05:27.228-05:002012-01-27T14:05:27.228-05:00I decided to remove a comment that expressed extre...I decided to remove a comment that expressed extreme displeasure about the extra charges on a gas bill. I'm more than happy to discuss this issue and whether people are being over-charged, but I'm not happy with pointless name calling.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-81202286773261991602012-01-25T09:28:06.604-05:002012-01-25T09:28:06.604-05:00@P2Sam: That's a good rule of thumb, but it d...@P2Sam: That's a good rule of thumb, but it does require a person to acknowledge that sometimes others have superior knowledge. Some people can't make that leap :-)<br /><br />@Echo: Your provider's fixed rate is over 70% more than the floating rate. So, I'd make the same choice you are making to stay with the floating rate. I can imagine cases where a person's finances are such that it makes sense to lock in the higher rate, but people shouldn't do it out of fear without checking the numbers.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-41723475149429224172012-01-25T02:14:06.242-05:002012-01-25T02:14:06.242-05:00I read that article today and was also skeptical. ...I read that article today and was also skeptical. Thanks for doing the math on fixed vs. floating natural gas rates. I've paid the floating rate for years, and won't be switching anytime soon.<br /><br />The fixed rate with my provider is set at $6.59/GJ while the current floating rate is $3.82/GJ.<br /><br />Like the mortgage industry, energy providers use scare tactics to encourage customers to lock-in to avoid market fluctuations. <br /><br />I know I sleep better at night by not paying those fixed rate premiums.Echohttp://www.boomerandecho.comnoreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-33092969598249126782012-01-25T01:51:23.441-05:002012-01-25T01:51:23.441-05:00It's the same kind of thing as extended warran...It's the same kind of thing as extended warranty.<br /><br />As a rule of thumb, when someone with superior knowledge offers me a deal, chances are it's not to my advantage.p2samhttps://www.blogger.com/profile/14448397473506862629noreply@blogger.com