Tuesday 11th June 2019. Crude oil and heating oil prices started rising on Friday and continues to do so after Saudi Arabia signalled that the OPEC and others production cuts would be sticking around for a little while longer.
A sustained rise could see UK #heatingoil prices start to push up despite summer pricing now in full swing. Brent prices are up $0.14 (0.22%) and is $62.43. WTI is also up $0.47 (0.88%) and is at $53.73. 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 $0.63 (0.35%) to $1.8126 which has pushed up prices a smidge. However, we believe price rises, if any, will be kept to a minimum and reasonably small.
Prices may go higher now with OPEC pushing for more production cuts, weak exchange rate & sanctions against Venezuela and escalating trade war between the US and China. It is quite clear to us hear that despite further threatened OPEC’s production cuts heating oil prices may just stagnate after a token rise next week. It’s worth getting multiple
#heatingoil quotes from heatingoilshop.com to avoid any possible price rises. Fill up your heating oil tanks on lower prices for now.
Just over the last 10 days distributor average prices have steadily fallen by 1.44ppl. Today we have seen prices rise to 48.05ppl with further short term rises a possibility until further OPEC production kicks in.
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. The trend is set downwards 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.
Today, average prices for distributors rose to 48.05ppl as average broker prices also rose to 48.55ppl. The difference between average distributor
#heatingoil prices versus average online heating oil broker prices today is just 0.50ppl inc vat. This means you can save an average of £2.50 on 500 litres or £5.00 on a 1000 litres depending on your postcode. Remember, savings can change in an instant!
Today’s average broker prices are up to 48.55ppl. However, you can see from the above graph who are the brokers charging the most. Heatingoil.co.uk owned by Certas tops the bill and is 5.61ppl more expensive than HomeFuelsDirect. We have seen a low prices of 45.87ppl (inc vat) and highs of 51.48 (inc vat). (All prices are dependant on postcode variations). You would be better of comparing prices from suppliers in your area using heatingoilshop.com. Remember, prices change daily and could change hourly.
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.
Over the last 7 days there has been a fall in average UK oil distributor
#heatingoil prices on the week of 0.25ppl to 48.05ppl. Prices are however starting to move up gradually.
#Scotland average prices fell by 0..27ppl to 50.93ppl.
#Wales average prices fell 0.25ppl to 47.70ppl
#NorthernIreland average prices fell 0.24ppl to 45.29ppl.
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.