Crude and Heating Oil Analysis
Tuesday 16th July. The UK distributor and broker heatingoil price has been rising gradually over the last few days primarily due to higher but recovering crude prices. We expect prices to stabilise over the next few days as crude is also stabilising but not at the levels OPEC would like. A large drawdown of US crude oil stocks earlier last week coupled with a strong dollar have kept the prices up which is just what OPEC wanted. However, whilst the resolve of OPEC is strong the US is reacting with higher production.
Today, Brent prices are up $0.24 (0.36%) and is $66.72. WTI is also up $0.22 (0.37%) and is at $59.80 Price rises are quite small but are designed to help OPEC stabilise. 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 $0.45 (0.23%) to $1.9561. UK domestic distributor and broker heating oil prices have risen as a result. We expect a further ¼ppl rise at most in the UK market before tailing off later in the week. Today’s prices are reasonably good. So, fill your heating oil tanks now as prices are still reasonable. Prices today are still better than Feb 2018.
Although attempts to push crude and other petroleum product prices higher they are still being met with strong resistance from the US increasing production. Energy policy is key to the US economic policy. 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.
Over the last 10 days distributor average prices have been erratic but have risen in the last 5 days. Prices today have risen by 0.64ppl to 49.87ppl (inc vat). This is a 1.75% rise over 10 days. As crude prices are starting to slow down, we expect the UK domestic heating oil market price to decrease during the next two days. As we see it, the immediate future seems to be one of stable prices.
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
Today, average prices for distributors rose 0.64ppl to 49.87ppl as average broker prices also rose 1.37ppl to 51.24ppl. The difference between average distributor
#heatingoil prices versus average online heating oil broker prices rose today to 1.37ppl inc vat. This means you can save an average of £6.85 on 500 litres or £13.70 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 51.24ppl today. You can see from the above graph which brokers are charging the most today. TankTopper at 53.62ppl have been in the top spot for some time and are leading the field for this month so we suggest choosing an alternative supplier. In second place is Boilerjuice who are charging on average today 53.55ppl. HomeFuelsDirect continue to compete for your business at very good prices by being 4.28ppl cheaper. Comparisons were made at a “SA” postcode.
So the moral of the story is, do you really want to pay an average of £21.40 more for 500 litres or an average of £42.80 more for a 1000 litres? In the broker category we have seen a low prices of 49.34ppl and highs of 53.62 (inc vat). (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 30 days up to 30th June, 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 over the month as regards pricing. There have been some changes since last month with Direct Oil once again taking pole position. TankTopper has dropped to second place has being the next expensive last 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 by being 3.65ppl cheaper.
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 an average rise in UK oil distributor
#heatingoil prices on the week of 2.03ppl to 49.87ppl.
#Scotland average prices rose by 0.97ppl to 53.45ppl.
#Wales average prices rose by 1.27ppl to 49.30ppl
#NorthernIreland average prices rose 0.17ppl to 46.41ppl.
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.