Crude and Heating Oil Analysis
Sunday 28th July. UK prices settle lower after rollercoaster rides after last 10 days. Crude Oil prices have virtually ended the week started. 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 price has see-sawed over the last 10 days and itself is in the same position as it started. We do expect prices to stabilise over the next few days as crude is also stabilised at a lower level.
Today, Brent prices are up $0.07 (0.11%) and is $63.46. WTI is also up $0.18 (0.32%) and is at $56.20. 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 fallen by $0.99 (0.52%) to $1.9044. In real terms this is a lot lower than expected and UK domestic distributor and broker heating oil prices have fallen as a result. We expect further falls in the UK market. Today’s prices are still very good and with demand being traditionally low you may get it faster. So, before you go on holiday fill your heating oil tanks now as prices are very cheap.
Over the last 10 days distributor average prices have been erratic but have fallen in the last 10 days. Prices today have fallen by 0.27ppl to 49.00ppl (inc vat) and are justy 0.01ppl dearer than 10 days ago. Prices seem to be settling around the 50.00ppol mark at the moment despite some wild peaks and troughs this last period. As crude prices are still rising the amount of increase is small again suggesting a stabilisation of prices. We expect the UK domestic heating oil market price to stabilise over the last days of July as traders settle accounts. After that and, as we see it, the immediate future seems to be one of continued 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 fell 0.27ppl to 49.00ppl as average broker prices also fell 0.27ppl to 50.23ppl. The difference between average distributor
#heatingoil prices versus average online heating oil broker prices rose today to 1.23ppl inc vat. This means you can save an average of £6.15 on 500 litres or £12.30 on a 1000 litres depending on your postcode. 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 50.23ppl today. You can see from the above graph which brokers are charging the most today. TankTopper at 52.98ppl have been in the top spot for some time and are leading the field for this month so we suggest choosing a cheaper alternative supplier. In second place is ValueOils who are charging on average today 51.01ppl. HomeFuelsDirect continue to compete for your business at very good prices by being 3.86ppl the cheapest today and has been consistently the lowest this month. Comparisons were made at a “IP” postcode.
So the moral of the story is, do you really want to pay an average of £19.30 more for 500 litres or an average of £38.60 more for a 1000 litres by buying from the most expensive? In the broker category we have seen a low prices of 49.12ppl and highs of 52.98 (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 0.30ppl to 49.00ppl.
#Scotland average prices rose 0.36ppl to 52.83ppl.
#Wales average prices rose by 0.59ppl to 48.25ppl
#NorthernIreland average prices rose 0.87ppl 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.