Crude and Heating Oil Analysis
Sunday 4th August. Average UK heating oil prices have fallen in the last 2 days following 8 days of rising. Crude Oil prices crashed on Friday after again a week of rises. 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 now started to also fall. We expect prices to stabilise may be lower over the next few days.
Today, Brent prices are up $1.39 (2.30%) and is $61.89. WTI is also up $1.71 (3.17%) and is at $55.66. It is clear to us that OPEC are clearly worried about pricing and doing all they can to support the oil price. 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 $3.73 (2.01%) to $1.8902. 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 shown a steady rise over the last eight days but have started to fall in the last 2 days. Prices today have fallen by 0.29ppl to 49.83ppl (inc vat) and are 0.85ppl dearer than 10 days ago. Prices seem to be settling around the 50.00ppl mark at the moment despite some wild peaks and troughs during last month. As crude prices have fallen as at Friday last week. We are expecting very little in the movement in the heatingoil price.
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 0.29ppl to 49.83ppl as average broker prices rose 0.35ppl to 50.83ppl. The difference between average distributor
#heatingoil prices versus average online heating oil broker prices rose today to is 1.00ppl inc vat. This means you can save an average of £5.00 on 500 litres or £10.00 on a 1000 litres buying from a distributor. This does fluctuate and depends 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 50.83ppl today. You can see from the above graph which brokers are charging the most today. Certas Energy through heatingoil.com top the list today at 54.59ppl. They were holding the cheapest prices last week so have probably bought in supplies at higher prices. They are 5.99ppl dearer than the lowest price of 48.60ppl. In second place is FuelTool who are charging on average today 51.68ppl. HomeFuelsDirect continue to compete for your business with very good prices of 48.60ppl and well worth keeping an eye on.by being 3.86ppl. Comparisons were made at a “CW” postcode.
So, do you really want to pay an average of £29.95 more for 500 litres or an average of £59.90 more for a 1000 litres by buying from the most expensive? In the broker category we have seen a low prices of 48.60ppl and highs of 54.59 (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 31 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 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 an average rise in UK oil distributor
#heatingoil prices on the week of 0.41ppl finishing at 49.83ppl and starting to fall.
#Scotland average prices rose 0.46ppl to 52.90ppl.
#Wales average prices rose by 0.698ppl to 49.38ppl
#NorthernIreland average prices rose 0.26ppl to 47.22ppl.
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.