Sunday November 25th 2018. What a week for crude oil prices. hey continue to fall sharply in just 4 days by $4.00+/-. Brent prices are down today by $3.80 (6.07%) and is $58.80. WTI is down $4.21 (7.71%) today and is at $50.42. The #heatingoil price has moved down $9.40 (4.77%) to $1.8762.
#UK domestic #heatingoil prices have fallen this week losing an average of 2.62ppl. The glut of product in the market place looks like we could possibly see further falls in heating oil prices. You must, keep an eye on prices as the overall picture still suggests higher prices are around the corner. Sanctions on Iran are biting now so fill up your heating oil tanks as soon as you can.
The news from theweatheroutlook.com website for the rest of the week and next week is included below.
Sunday: Showers develop but most of them are expected to be in eastern Britain and the south west. In the north east they could be wintry down to low levels. Generally rather cold, but milder in the south west.
Monday, Tuesday: In southern counties there is a risk of outbreaks of rain at times. Central and northern regions have wintry showers which fall as snow over high ground. Staying quite cold.
Wednesday, Thursday: Wet and windy weather pushes eastwards across all parts of the UK. Showery and milder weather follows on from the west, but it probably remains windy.
From Friday 30th November. Showers or longer spells of rain are expected in all of the country during the week. The wettest and windiest conditions are likely to be in the west with drier periods more common in the south east. Temperatures probably remain close to the seasonal average.
The overall 31 day period trend continues downward and doesn’t look as if it will finish anytime soon. The UK
#heatingoilprice today however, saw average oil distributor #heatingoil prices drop again by 0.29ppl tp 51.92ppl. Over the last 27 days average prices have steadily tracked downward. Prices have dropped by 5.06ppl since 31st October. This represents a saving of 50.60ppl on a 1000lts. We feel the heating oil price is not about about to run out of steam yet as the crude oil market is awash with cheap product. Opec has a meeting on the 6th December and it’s anybody’s guess what will happen, save it to say OPEC members economies are suffering. Prices are very, very competitive for now. We may not have seen the best of heating oil prices yet but our recommendation is buy now and or before 6th December as OPEC is now considering curtailing supplies to push the prices up. We highly suggest getting multiple quotes from heatingoilshop.com‘s many suppliers and comparing prices. If you snooze you will lose out, so buy now before it all changes.
Do sign up with our twitter page ukheatingoils and keep upto date on daily pricing.
Just over the last 14 days distributor average prices have fallen by 2.283ppl. The trend continues downward. As in previous years the pre-Christmas rush will start to push up prices. However, this year is unusual given the way crude oil and heating oil prices have fallen. You could end end up paying more if OPEC curtail supplies again if you leave it too late. It’s a case of supply and demand in the period leading up to Christmas and beyond that into February.
The weather is now changing and plays an intricate part in pricing and we are about to enter a colder period. So, getting your fuel at these good prices may just prove to be the right investment to make.
In the online broker market, we have seen low prices of 48.96ppl inc vat from heatingoilclub and highs of 52.42ppl (inc vat) from TankTopper today at a LE17 postcode. Low and high prices are differing by 3.45ppl. So there are potential savings out there.
One particular online broker/suppler Direct Oil/ Watsons were quoting 65.05ppl inc vat today at the same postcode.
You would be better of comparing prices from suppliers in your area using heatingoilshop.com. Remember, prices change daily and could change hourly.
Our own records show over the last 100 days some brokers prices are 63% over the average price, remember they charge a regular oil distributor commission and then add on their admin charges which in turn puts up the PPL.You’re better off getting multiple quotes through heatingoilshop.com and comparing prices without having to pay commissions or admin charges.
At this time of year especially leading up to Christmas, keep an eye on prices as the overall picture still suggests higher prices are around the corner. Our own online site survey which is based on 7 online broker sites and is up to date as of 10.00am this morning shows a downward trend over this 10 day period.
Today’s average price drop of 0.44ppl pushes the average England/Wales price to 51.44ppl. Today (Sunday) our average UK broker
#heatingoilprice update shows 500 litres based on our survey prices at £257.18 and 1000 litres £514.37. It really is time to get multiple #heatingoilquotes 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 Autumn.
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.
#England prices fell 1.66ppl to 51.40ppl.
#Scotland prices fell by 0.94ppl to 55.62ppl.
Heatingoilshop.com prides itself on not charging commissions, Saturday delivery charges and general website usage charges. Using a broker at any time is financially a bad bet. Why pay for
#heatingoil that includes commission, surcharges and Saturday delivery charges when you can deal direct with local suppliers through heatingoilshop.com ‘s multiple #heatingoilquotes system where you have a choice without the additional 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.