Crude and Heating Oil Analysis
Monday 12th August. Average UK heating oil prices fell steadily over last week following falls in crude oils. Today, however sees the return of the crude oil price being supported by the OPEC+ countries after a Saudi official was quoted as saying “we are not willing to tolerate this price trend”. So, yes it is true the Saudis are scrambling to stop slide in oil prices which are at their lowest in seven months.
Demand fears, inventory draws and a strong US Dollar are playing off one another and geopolitical upsets failing to make any impression on prices. As a result, the UK distributor and broker heatingoil prices fell 9 days in a row but has now started an attempt to climb back up. We do expect UK heating oil prices to fluctuate for a few days as OPEC tests the water.
Brent prices are up $0.30 (0.51%) and is $58.83. Same applies to WTI which is also up $0.65 (1.19%) and is at $55.15. It is clear to us that OPEC are clearly worried about pricing and doing all they can to support the oil price but without much success. 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 also risen by $0.69 (0.38%) to $1.8149. This has the effect of putting UK prices up ¾ppl to 1ppl. We feel that heating oil prices may rise for a couple of days but in the long term remain low the school summer holidays are over. Today’s prices are very good so fill your tanks while you can at lower prices.
UK heating oil distributor average prices have shown a steady fall of 1.71ppl over the last 9 days to yesterdays 48.32ppl. However, today is a different story and the average price has risen to 49.04ppl (inc vat). Prices seem to be rising again and it depends on how crude oil does over the next few days and how it impacts on UK domestic prices. We are expecting very little, if any, in downward movement of prices in the next 72 hours.
The major deciding factors on prices in the coming weeks will still be the price of crude oil, production cuts, warmer weather and availability of product. Mid East conflicts seem to have abated for the time being. Equally important is a very strong dollar against the pound and euro. The trend is still unsettled 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
Average prices for distributors today rose 0.72ppl to 49.04ppl and average broker prices also rose 1.16ppl to 50.14ppl. The difference between average distributor
#heatingoil prices versus average online heating oil broker prices rose today to is 1.10ppl inc vat. This means you can save an average of £5.50 on 500 litres or £11.00 on a 1000 litres buying from a distributor. This does fluctuate and depends on your supplier, postcode and other broker charges. There are many 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 50.14ppl today. You can see from the above graph which brokers are charging the most today. Fuel Tool are ast the top of the list todaynkTopper top the list today at 51.98ppl followed by Tanktopper and Boilerjuice. The lowest price today of 47.97ppl is from consistently lower priced broker Home Fuels Direct and is 4.01ppl cheaper than Fuel Tool. Comparisons were made at a “SP” postcode.
So, do you really want to pay an average of £20.05 more for 500 litres or an average of £40.10 more for a 1000 litres by buying from the most expensive? In the broker category we have seen a low prices of 47.97ppl and highs of 51.98 (inc vat). (All prices are dependant on postcode variations). All broker prices are up and 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
During July we 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 over the month as regards pricing. There have been some changes since last month with TankTopper once again taking pole position. ValueOils is in second place ith Certas Energy in third place. DirectOil also seem to be competing on a much better playing field. One to watch. HomefuelsDire continue to outstrip the competition by being on average 3.88ppl cheaper.
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 by being 3.65ppl cheaper. for over 3 months now!
It has to be said that these are average prices at various postcodes over the course of 31 days. Each broker is compared with other brokers at the same postcode on the same day with the same load size. Moral of the story 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 fall in average UK oil distributor
#heatingoil prices on the week of 0.77ppl finishing at 49.04ppl and rising.
#Scotland average prices rose 0.091 to 53.13ppl.
#Wales average prices fell by 1.15ppl to 48.12ppl and now rising.
#NorthernIreland average prices fell 0.01ppl to 46.41ppl. and rising.
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.