UK Heating Oil Prices hit all time 19 month low. Tuesday 18th June 2019. Crude oil and heating oil prices continue to fall today. Looks like Saudi Arabia and OPEC+ have started to shore up the oil price and losing any ground gained to the US despite threatening to increase production cuts saying, “they would be sticking around for a little while longer.”
So, for the moment UK #heatingoil summer prices are now in full swing. Brent prices are down $0.48 (0.79%) and is $60.46. WTI is also down $0.30 (0.58%) and is at $51.03. 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 dropped by $1.57 (0.87%) to $1.7838 which is keeping UK Domestic prices low. Fill your heating oil tanks now as prices are at Dec 2017 levels at the moment. In effect, prices have crashed to a 19 month low.
Attempts to push crude and other petroleum product prices higher are met with strong resistance with the US increasing production. Prices could still go higher as OPEC is pushing for more production cuts. Weak exchange rates & sanctions against Venezuela and the escalating trade war between the US and China all play their part. It has also become a little more complicated with Iran allegedly trying to sink to VLCCs. It is quite clear to us hear that despite further threatened OPEC’s production cuts heating oil prices may just float for the time being at these low levels.I t’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.
Just over the last 10 days distributor average prices have steadily fallen by 0.73ppl. Today we have seen prices fall further to 47.36ppl. Will they fall further? And how can the market sustain these low prices is a mystery but one that is fraught with possible casualties where prices are cut to the point where it affects their bottom line. We do see prices rising soon!
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 fell to 47.36ppl as average broker prices increased to 48.56ppl. These 19 month low prices cannot be maintained much longer because the OPEC+ production cuts are having a very subdued effect on crude prices. The difference between average distributor
#heatingoil prices versus average online heating oil broker prices today is a healthy 1.20ppl inc vat. This means you can save an average of £6.00 on 500 litres or £12.00 on a 1000 litres depending on your postcode. 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 average broker prices are up to 47.43ppl. However, you can see from the above graph who are the brokers charging the most today. DirectOil owned by Watson Fuels tops the bill and is 4.38ppl more expensive than Home Fuels Direct. In the broker category we have seen a low prices of 46.19ppl (inc vat) and highs of 50.57 (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.
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 0.64ppl to 47.36ppl. Lower prices are however starting to come to an end as crude oil prices start to fluctuate. We are confident the current low prices cannot be sustained much longer.
#Scotland average prices fell by 0.58ppl to 51.67ppl.
#Wales average prices fell 0.58ppl to 47.07ppl
#NorthernIreland average prices fell 0.26ppl to 45.01ppl.
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.