24th Annual Gray, Gray & Gray Oilheat Industry Survey Results Released

Canton, MA  (June 5, 2015):  Gray, Gray & Gray, LLP Certified Public Accountants, Canton, MA (www.gggcpas.com) has released the results of the firm’s 24th annual Oilheat Industry Survey. The survey was distributed to retail fuel oil and propane dealers throughout the Northeast and Mid-Atlantic regions of the U.S.

“This was one of the worst winters in weather history across the United States, but one of the best seasons in recent memory for the retail energy industry,” said Joe Ciccarello, CPA, MST managing partner at Gray, Gray & Gray. Ciccarello points to the persistent cold weather that stretched well into the spring, reliable oil supplies, and lower global oil prices as factors that contributed to a strong year for many dealers.

Some of the highlights of the 2015 Gray, Gray & Gray Oilheat Survey results include:

  • 86% of respondents reported that lower crude oil prices result in better margins at the retail level
  • 51% reported that their customer list had increased over the previous year
  • 94% of dealers say customers who were on a price protection program honored that program this year, and half are planning to offer price protection next winter
  • 35% of dealers are interested in acquiring another oil company to expand their business

Complete oilheat survey results, including a breakdown by region, are available on Gray, Gray & Gray’s web site here or by calling (781) 407-0300.

Gray, Gray & Gray, LLP is the country’s leading oilheat and energy industry accounting and business advisory firm. Gray, Gray & Gray’s offices are located at 150 Royall Street, Suite 102, Canton, MA. The firm also has offices in Framingham and Boston, MA.

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Media Contact:
Kelly Monestime
Director of Marketing
(781) 407-0300
kmonestime@gggcpas.com

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