Thursday November 22nd 2018. Crude oil prices continue to fall sharply in just 2 days by $3.71. Brent prices are down today by $0.51 (0.80%) and is $62.97. WTI is down $0.62 (1.13%) today and is at $54.01. The #heatingoil price has moved down $1.19 (0.60%) to $1.9583. It would seem that
#UK domestic #heatingoil prices had fallen but are on the rise, however, with the glut of product in the market place we could possibly see further falls in heating oil prices at the end of the week. You must, keep an eye on prices as the overall picture still suggests higher prices are around the corner. Sanctions on Iran are biting now so fill up your heating oil tanks as soon as you can.
The news from theweatheroutlook.com website for the rest of the week and next week is included below.
Thursday, Friday, Saturday, Sunday: Showers continue. In the north it remains cold enough for a wintry mix at lower levels and snow over higher ground. Showers will probably will be more scattered in the south with more emphasis on dry periods. Temperatures in the south possibly edge up a little.
From Monday 26th November. Changeable. Perhaps less cold in the south at times. Showery conditions are expected during much of the week. In the north the showers may be wintry at low levels with snow over high ground. There is a risk of more persistent outbreaks of rain pushing up from the southwest later in the period and over the Welsh mountains they could turn to snow. Nighttime frosts develop during clear periods but at times it could become milder in the south.
The overall 31 day period trend continues downward but we feel the UK
#heatingoilprice may just be on the cusp and revert to moving upwards. Today however, oil distributor average #heatingoil prices rose by 0.40ppl tp 53.66ppl. Over the last 30 days average prices have tracked downward. Prices have dropped by 3.01ppl since 23rd October representing a saving of £30.10 on a 1000lts. We now feel there’s about to be a change in prices as crude has settled and the market is taking stock of its options. Prices are still very competitive for now. We may have seen the best of heating oil prices as OPEC now considers curtailing supplies. We highly suggest getting multiple quotes from heatingoilshop.com‘s many suppliers and comparing prices. If you snooze you will lose out, so buy now before it all changes.
Do sign up with our twitter page ukheatingoils and keep upto date on daily pricing.
Just over the last 14 days distributor average prices have fallen by 1.03ppl. The trend continues downward but prices have started to rise again. As in previous years the pre-Christmas will start to push up prices and you’ll end up paying more if you leave it too late. It’s a case of supply and demand in the period leading up to Christmas and beyond that into February. The last 14 days has seen prices tumble and online brokers’ prices are on average higher by 0.54ppl. So avoid them until you get quotes from real heating oil distributors and not virtual ones.
The weather is now changing and plays an intricate part in pricing and we are about to enter a colder period. So, getting your fuel at these good prices may just prove to be the right investment to make.
In the online broker market, we have seen low prices of 49.68ppl inc vat from heatingoilclub and highs of 57.96ppl (inc vat) from heatingoil today at a PR3 postcode. Low and high prices are differing by 8.28ppl. So there are potential savings out there of up to £82.80 for a 1000 litres. You would be better of comparing prices from suppliers in your area using heatingoilshop.com. Remember, prices change daily and could change hourly.
Our own records show over the last 100 days some brokers prices are 63% over the average price, remember they charge a regular oil distributor commission and then add on their admin charges which in turn puts up the PPL.You’re better off getting multiple quotes through heatingoilshop.com and comparing prices without having to pay commissions or admin charges.
At this time of year especially leading up to Christmas, keep an eye on prices as the overall picture still suggests higher prices are around the corner. Our own online site survey which is based on 7 online broker sites and is up to date as of 10.00am this morning shows a downward trend over this 10 day period.
Today’s average price rise of 0.33ppl pushes the average England/Wales price to 53.66ppl. Today (Thursday) our average UK broker
#heatingoilprice update shows 500 litres based on our survey prices at £268.32 and 1000 litres £536.64. It really is time to get multiple #heatingoilquotes 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 Autumn.
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.
#England prices fell 0.19ppl to 53.12ppl.
#Scotland prices rose by 0.56ppl to 57.14ppl.
Heatingoilshop.com prides itself on not charging commissions, Saturday delivery charges and general website usage charges. Using a broker at any time is financially a bad bet. Why pay for
#heatingoil that includes commission, surcharges and Saturday delivery charges when you can deal direct with local suppliers through heatingoilshop.com ‘s multiple #heatingoilquotes system where you have a choice without the additional 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.