Order your Christmas heating oil now!

Saturday 28th November 2020

Order your Christmas heating oil now as prices rise and the rush starts.

Our concerns are for delivery delays leading up to Christmas. Ultimately, Christmas deliveries do put pressure on distributors. so, we highly recommend getting heating oil quotes much earlier this year.

Market Trends

Oil prices are set for a fourth consecutive weekly gain as positive vaccine news and hopes of an OPEC+ production cut extension boosts bullish sentiment.

Oil prices have held on to recent gains despite Covid-19 headwinds. Investors are growing increasingly optimistic and looking beyond the immediate crisis.

heating oil futures 28 November

OPEC+ are leaning towards 3-month extension, although not every member is on the same page. Oil prices are holding firm on expectations that the group avoids letting production cuts ease as scheduled in January, and instead pushes that off until the end of the first quarter at least.

UK Market Trends

In essence, distributor heating oil prices are still 35% cheaper than for the same period last year. Bargains are still to be had as we approach the Christmas festivities. However, as we edge closer to Christmas and Winter we find prices are also moving up.

Order your Christmas heating oil now as prices are rising

Heating oil prices rise as Christmas rush starts. Overall, heating oil distributor prices rose 1.17ppl on the week. The lowest price to be had was on Tuesday when it was 28.58ppl. Take note, the heating oil price trend is now rising in anticipation of colder weather and possible supply issues during lockdown.

Inevitably, as we see demand for heating oil increase as we approach Christmas so will prices and delivery delays. So, buy heating oil now and fill up. Buying heating oil is all about timing!

UK Regional Analysis

UK heating oil prices have increased by 5.99% this week. Over the last 7 days there has been an increase in the average UK oil distributor heating oil prices on the week of 1.80ppl finishing up higher today at 31.87ppl.

Regional heating oil prices 28th November 2020

At the moment distributor heating oil prices are rising faster than expected.

England – average prices rose by 1.89ppl to 32.69ppl.

Wales – average prices rose by 0.60ppl to 33.15ppl.

Scotland – average prices rose by 1.43ppl to 36.04ppl.

Northern Ireland – average prices rose by 2.01 to 28.86ppl.

Order your Christmas heating oil now. Heating oil prices have moved up in all regions faster than expected. To keep advised on heating oil prices we recommend checking in on our twitter feed.

Distributor Analysis

During the last 7 days, average UK heating oil prices have risen by 5.99% this last week. This amounts to an average rise of 1.80ppl after adjustment and vat.

At this moment in time, heating oil prices continue to trend up. This has followed on from stock market and crude oil price gains in the last week. Generally speaking, we see domestic prices possibly rising further as the Christmas rush starts.

We could also see prices rise due to delays in delivery days, anticipated cold spells as well as the OPEC meeting next week.

UK distributor oil prices last week

Order your Christmas heating oil now. The traditional rush to fill tanks has started and has only 21 delivery days left as of today. So expect higher heating oil prices as we nudge towards Christmas.

As of today, the UK heating Oil price of 31.87ppl is 17.13ppl lower than this day a year ago. Not only that, 4 years ago the price was 40ppl, 8.73ppl dearer. As such, this is still a great opportunity to reduce heating (and cooking) costs subsatantially. Without delay take full advantage of the lower prices now. Buy heating oil now as cold weather is on its way and prices rise!

The major key deciding factors on prices in the coming weeks will still be the price of crude oil, colder weather and delivery issues. These will play a major role in low heating oil prices continuing.

Distributor vs Broker Analysis

Order your Christmas heating oil now. Average prices for distributors rose 1.80ppl to 31.87ppl on the week. Similarly, average broker prices rosefell by 1.72ppl to 34.02ppl.

The difference between average distributor heating oil prices versus average online heating oil broker prices today is cheaper by 2.15ppl inc vat.

Order your Christmas heating oil now

Savings fluctuate and depend on your postcode and any other charges made by brokers.

For instance Boilerjuice™ charge an additional £3.49 and is applied to each order of heating oil or gas oil (red diesel) placed on their website or over the telephone.

Furthermore, they do not tell you their commission rate as it is calculated into the PPL. So always check your final total. There are many bargains out there, especially from suppliers. Remember, savings can change in an instant!

Today’s Broker Analysis

Heating oil prices rise have started to rise. Consequently, average broker prices are also up to 34.02ppl today. As you can see from the graph below, some brokers are much more expensive than others. But, today there is only 6.25ppl difference separating the higher and lower priced brokers in the same random postcode check.

Consequently, and fortunately for you, there are plenty of cheaper heating oil bargains from distributors around the country.

Broker price difference calculations are based on 1000 litres delivered in 5 days to the exact same randomly picked postcode! (All prices include VAT and are subject to regional and postcode variations).

CompanyLitre PPL1000 LitresSavings 28/11/20
Home Fuels Direct30.61 £            306.10 £              62.50
Direct Oil (Watson Fuels)33.08 £            330.80 £              37.80
Heating Oil Club33.34 £            333.40 £              35.20
Boilerjuice34.01 £            340.10 £              28.50
TankTopper34.07 £            340.70 £              27.90
Heatingoil.co.uk (Certas)36.16 £            361.60 £                7.00
Fuel Tool36.86 £            368.60 £                     –  

For this reason, do you really want to pay over the odds by using higher priced brokers? We’ll let you decide for yourselves. (All prices include VAT and are subject to regional and postcode variations).

Avoid Brokers

Lockdown may cause heating oil delivery delays due to Covid 19. Buying heating oil is all about timing! You would be better off comparing prices from heating oil distributors in your area by using heatingoilshop.com and getting it delivered on time.

Remember, prices and savings change regularly and are delivery postcode dependant.

Heating oil brokers charge a variety of commissions, surcharges & admin charges or a mixture of all and these affect your final bill.

The graph above shows you seven-day prices for brokers. Some of these quotes include delivery charges, commission and admin charges. All of which push up the PPL exclusive of VAT price.

Fortunately for heating oil consumers there are plenty of Autumn heating oil bargains around the country.

Order your Christmas heating oil now

Summary

Order your Christmas heating oil now. Heating oil prices always rise as Christmas approaches. This year,different issues are causing prices to rise.

We encouraging all customers old and new to get heating oil quotes & order ahead where possible. A combination of dropping temperatures, lockdown & festivities combined may result in longer delivery times & higher prices.

The coming week should see steady but smaller rises in heating oil prices. However, we are uncertain there will no great resurgence in heating oil prices next week due to OPEC members meeting to cut production for another 3 months.

Get multiple heating oil quotes from heatingoilshop.com. Regularly check your tank & make sure you do not run out. Fill up when take is only 30% full. Save money by getting quotes from heatingoilshop.com distributors and not incentivised brokers.

Things to do

For current price trends, head on over to our main website at heatingoilshop.com and get multiple heating oil quotes from suppliers to your area.

Always check our daily postings on Twitter @ukheatingoils and keep up with prices and events. You are most welcome and encouraged to follow us.

We would like to draw your attention to an initiative by UKIFDA to keep our elderly, especially those over 75 years, comfotable this winter. You can read all about it here.

Also check out our post on heating oil tanks and new legislation regarding heating oil boilers. Every heating oil user must be aware of the these changes in legislation and costs associated with heating oil spills and leakages.

There is also a very nice piece about whether or not the heating oil is the cheapest fuel. Click here.

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