Crude and Heating Oil Analysis
Heating Oil Prices rise slower. Monday 24th June 2019. Crude oil and heating oil prices are continuing to rise today. Looks like Saudi Arabia and OPEC+ have started to shore up the oil price and taking on the US despite OPEC threatening to increase production cuts as the US says it will increase production.
So, for the moment UK #heatingoil summer prices are now in full swing. Brent prices are up $0.02 (0.03%) and is $65.22. WTI is also up $0.36 (0.63%) and is at $57.79. Go to our home page and half way down you’ll see a live market trading position. (Mon-Fri Trading hours)
The #heatingoil price has risen by $0.12 (0.06%) to $1.9170 which may push up UK Domestic prices further. However, for the time being prices seem to be contained. Fill your heating oil tanks now as prices are still reasonable In effect, prices crashed to a 19 month low and are now recovering fast and depending on stock levels at suppliers which tend to fall during the summer months.
Although attempts to push crude and other petroleum product prices higher they are being met with strong resistance with the US increasing production. Prices could still go higher as OPEC is pushing for more production cuts. Russia is looking to sell Iranian oil which may stagger prices. It is quite clear to us hear that despite further threatened OPEC’s production cuts heating oil prices may just float bobbing up and down on calmer waters. For the time being it’s worth getting multiple
#heatingoil quotes from heatingoilshop.com on a regular basis to avoid any possible imminent price rises. Fill up your heating oil tanks on lower prices for now.
Just over the last 10 days distributor average prices have steadily risen by 0.66ppl. Today we have seen prices rise further to 48.40ppl. So the market looks unsettled for the immediate future with price rises likely.
The major deciding factors on prices in the coming weeks will still be the price of crude oil, production cuts, trade wars, warmer weather and availability of product. Iran hopes to sell oil through Russia, thus placing a block on Trump’s embargoes and deflecting any threats of war. The trend is set upwards for now. Keep an eye on your local price situation by getting multiple quotes from heatingoilshop.com,
#checkyourtank & make sure you do not run out of #HeatingOil and top up where necessary. Save money by getting quotes from a heatingoilshop.com distributor and not incentivised brokers.
Distributor vs Broker Analysis
Today, average prices for distributors rose just 0.02ppl to 48.40ppl as average broker prices also rose 0.51ppl to 49.39ppl. The 19 month low prices are now consigned back in history and couldn’t be tolerated by the producing nations. OPEC+ production cuts are starting to have an effect on crude prices and subsequent downstream products. The difference between average distributor
#heatingoil prices versus average online heating oil broker prices rose today to 0.99ppl inc vat. This means you can save an average of £4.95 on 500 litres or £9.90 on a 1000 litres depending on your postcode. There just may be some bargains out there, especially from suppliers. Remember, savings can change in an instant!
Wise up, cost more money. Brokers charge a variety of commissions, surcharges & admin charges or a mixture of all and these affect your final bill. Boilerjuice and Valueoils are notorious for loading quotes with delivery charges, commission and admin charges. All of which push up the PPL exclusive of VAT price. As you can see using a broker today, can cost you more and it does vary from day-to-day and from broker to broker. Individually some of the brokers can be cheaper than the average distributor price. That’s why it is better to choose multiple
#heatingoilquotes from HEATINGOILSHOP.com where the price quotes are free of commissions, delivery or other surcharges, and more competitive.
Today’s Broker Analysis
Average broker prices are up to 49.39ppl today. However, you can see from the above graph who are the brokers charging the most today. TankTopper owned by Craggs Energy continues to top the bill as the most expensive todayat 51.92ppl. They are 3.74ppl more expensive than FuelTools. Do you really want to pay £18.70 more for 500 litres and £37.40 more for 1000 litres. In the broker category we have seen a low prices of 48.18 (up 2.01ppl since Thurs) (inc vat) and highs of 51.92 (inc vat), up 1.93ppl. (All prices are dependant on postcode variations). You would be better off comparing prices from heating oil distributors in your area using heatingoilshop.com. Remember, prices change regularly and are delivery postcode dependant.
31 Day Broker Price Analysis
Over the last 31 days up to 31st May, we have sourced broker prices at different postcodes. In the graph below, you can see which heating oil Brokers have performed consistently well or not so well. There have been some changes since last month with TankTopper taking pole position as being the most expensive this month. We compared prices on the same day and postcode for each one. Our graphic is based on average prices for each brokers performance over the last 30 days. The best and worst performers during this period can be clearly identified. HomeFuels Direct remains the most consistently well and low priced broker.
It has to be said that these are average prices at various postcodes over the course of 30 days and reflects the price consistency of each broker. So choose your brokers with care and watch their prices here.
You’re better off getting multiple quotes through heatingoilshop.com and comparing prices without having to pay commissions or admin charges. It really is time to get multiple heating oil quotes from heatingoilshop.com‘s suppliers and stop paying commissions to brokers. So, hop over to heatingoilshop.com to see if you can reduce your overall
#heatingoil costs this Winter.
Our advice is to keep those tanks topped up without paying commission or other charges being added. If you are low on fuel, less than 25% then you need to take action now and fill up at good prices.
UK Regional Analysis
Over the last 7 days there has been a an average rise in UK oil distributor
#heatingoil prices on the week of 0.18ppl to 48.40ppl. Lower prices have now endedand crude prices start to rise today.
#Scotland average prices fell by 0.12ppl to 52.03ppl.
#Wales average prices rose by 0.41ppl to 47.80ppl
#NorthernIreland average prices rose 0.37ppl to 45.65ppl.
Always check our daily twitterings on Twitter @ukheatingoils and follow us please.
For current price trends, head on over to heatingoilshop.com and get multiple #heatingoilquotes from suppliers to your area.
Heatingoilshop.com prides itself on not charging commissions, delivery charges and general website usage charges.
The average price table is a guide only and does not constitute an offer. As regional, postcode and supplier differences occur, we encourage you to obtain multiple and competitive #heatingoilquotes from heatingoilshop.com to get the latest deals and prices from the suppliers delivering to your area.
Please note, we do not charge suppliers or consumers brokerage commissions nor do we add surcharges like other sites.