Heating Oil Price Updates

 

 


Tuesday October 16th 2018.  Crude oil prices have fallen considerably over the last over the last 7 days by nearly $4.00. There has been further decrease today, but the changes are very small.

Brent prices fell today by $0.65 (0.80%) and is $80.13. WTI is down by $1.36 (0.88%) to $71.15.

The #heatingoil price is down by $1.36 (0.58%) to $2.3121. This has had a beneficial effect on prices whichwill probably fall tomorrow after the small rise today.

Keep an eye on prices as the overall picture still suggests higher prices are around the corner. Sanctions on Iran will be biting early November which is only 2½ weeks away, so fill up your heating oil tanks as soon as you can.

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The news from theweatheroutlook.com  website for the rest of the week and next week is included below.

Tuesday: Outbreaks of rain push across Northern Ireland and into western Britain through the day. Elsewhere a dry day is expected with variable amounts of cloud. Temperatures in the southern half of the UK are likely to be above the seasonal average, possibly reaching 21C (70F) in East Anglia. In the north it will be cooler.

Wednesday, Thursday, Friday, Saturday, Sunday: Patchy outbreaks of rain and cooler air slowly push southeastwards early in the period. Through Friday and the weekend predominantly dry and quiet weather is forecast for much of the UK, although in the north west there is a greater chance of rain. Towards the end of the period a band of rain could push southeastwards to affect much of the country. Temperatures generally close to average in the north and above average in the south.

From Monday 22nd October. Mixed. The first half of the week should bring a good deal of dry weather to the southern half of the UK. The north probably will be more changeable with a greater risk of showers or longer spells of rain. Later in the period the changeable weather could spread southwards.


The overall 31 day period trend continues upward however, over the last 7 days prices have tracked downward  and have stabilised over the last 4 days. For the time being #heatingoilprices seem to be holding there own and movements are restricted to very minor falls or rises. This 31 day period has been pretty extraordinary. We have seen some steep rises in a short period and slower downward trends. However, with the Saudi’s and other OPEC states increasing  production we may now probably see further stabilisation in crude and heating oil prices.  The last 7 days has seen some price breaks so take advantage and get some heating oil quotes in from heatingoilshop.com.

Do sign up with our twitter page ukheatingoils and keep uptodate.  Today’s averageUK  #heatingoil prices are steady at 58.47ppl and our own survey of online sites confirms lower average prices of 58.14ppl (inc vat) primarily because our suppliers prices are upto date.


Our own online site survey tis now showing a downward trend and today’s price has risen by 0.80ppl to an England/Wales average of 57.43ppl.  Longterm, we are still confident in predicting the underlying Heating Oil price will continue to rise and reach 60.0ppl eventually. With the Saudis increasing production in part to compensate for sanctions against Iran, we may just see more price stability. So, getting your fuel in now is crucial and may just prove to be the right action.

have stabilised then dropped and started to rise today but, at the lower level of pricing.  We highly recommend filling those tanks up now by getting multiple #heatingoilquotes from heatingoilshop.com today and comparing. Today, we have seen low prices of 55.64ppl and highs of 61.43 (inc vat) with low and high prices differing by 5.79ppl. So you could save up to £28.95 (500) or £57.90 (1000) or more by comparing prices from suppliers to your area. These prices change daily and could change hourly.

Prices will continue to fluctuate between 56.00ppl and 60.00ppl inc vat with 60ppl still  very much on the horizon.


Today (Tuesday) our average UK update shows 500 litres based on our survey prices at £287.13 and 1000 litres £574.26.

It’s still a very competitive market and it really is time to get multiple from  . Local suppliers  will compete for your business. So, why not hop over to heatingoilshop.com to see if you can reduce your overall 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.




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.

Over the last 7 days there has been a fall in average prices by 0.96ppl to 57.46ppl

In prices fell 1.02ppl to 57.05ppl.

In prices fell by 0.76ppl to 60.37ppl.

prices fell by 0.68ppl to 57.31ppl and in prices fell by 1.04ppl to 55.79ppl.

Heatingoilshop.com prides itself on not charging commissions or any other charges that masks the true cost of heating oil, Why pay for #heatingoil that includes commission and surcharges.hen you can deal direct with local suppliers through our multiple #heatingoilquotes system where we remember you have a choice.