Crude and Heating Oil Analysis
Thursday 29th August. Crude Oils make some gains after struggling.
Average UK heating oil prices have fallen steadily in the last 7 days but are now starting to rise as summer prices close. Crude Oil prices today are making a small comeback. Tighter production cuts, demand fears, inventory draws and a strong US Dollar are making some small impressions on pricing as we enter September. The UK distributor and broker heating oil price has also risen by small amounts as we enter September when prices start to rise.
Brent prices are down $0.04 (0.07%) today and is $60.45. However, WTI is up $0.37 (0.66%) and is at $56.15. It is clear to us that OPEC’s price strategy may be starting to work. So clearly a time to watch prices. Go to our home page and half way down you’ll see a live market trading position. (Mon-Fri Trading hours)
The #heatingoil price is also up today by $0.94 (0.51%) to $1.8604. This rise has paved the way for higher UK prices increasing by an average of 0.04ppl. Today’s prices are still very good but we feel theymay rise further. As we enter the next traditional seasonal price change, demand is still low and you may get some late summer bargains.
Over the last 10 days heating oil prices were falling well but have started another up cycle. Today, prices have risen by 0.04ppl to 49.09ppl (inc vat) and are still 0.30ppl cheaper than 6 days ago. The sharp price rise was a direct result of OPEC’s second attempt to stabilise and halt the downward slide of the crude oil price. At the moment despite some wild peaks and troughs during last month there is a great deal we see prices slightly rising by small increments through September.
The major deciding factors on prices in the coming weeks will still be the price of crude oil, production cuts, cooler weather and availability of product. Brexit, although 2 months away will without doubt impact UK prices. Equally important is a very strong dollar against the pound and euro. The trend seems to be settling and staying with us for a while. 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 0.04ppl to 49.09ppl and average broker prices rose 0.41ppl to 49.79ppl. The difference between average distributor
#heatingoil prices versus average online heating oil broker prices rose today to is 0.70ppl inc vat. This means you can save an average of £3.50 on 500 litres or £7.00 on a 1000 litres buying from a distributor. This does fluctuate and depends on your postcode and other charges made by brokers. 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 49.79ppl today. You can see from the above graph which brokers are charging the most today. TankTopper is at the top of the list today at 52.20ppl followed by Boilerjuice and in third place ValueOils. Fuel Tool are 3.40ppl more expensive than Direct Oil’s price of 48.08ppl Comparisons were made at the “CO” postcode.
So, do you really want to pay an average of £17.00 more for 500 litres or an average of £34.00 more for a 1000 litres by buying from the most expensive? In the broker category we have seen a low prices of 48.08ppl and highs of 52.20 (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 a decrease in the average UK oil distributor
#heatingoil prices on the week of 0.30ppl finishing at 49.09ppl. Today’s prices are starting to rise.
#Scotland average prices fell by 0.07ppl to 52.35ppl.
#Wales average prices fell by 0.57ppl to 48.41ppl
#NorthernIreland average prices fell 0.02ppl to 46.82ppl.
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.