Heating Oil Price Updates

Crude Struggles as heating oil price falls today

Crude and Heating Oil Analysis

Wednesday 14th August. Crude Oils Struggle as heating oil falls today

Average UK  heating oil prices  have fallen steadily in the last 7 days. Crude Oil prices though are struggling to make a comeback. Expect tighter production cuts in the near future. Demand fears, inventory draws and a strong US Dollar are playing off one another and geopolitical upsets are failing to make any impression on prices. The UK distributor and broker heatingoil price has now started to fall today.  However, we do not expect much more in price falls until crude oil stabilises.

More bad news for OPEC and the Saudis. Brent prices are down $2.62 (4.27%) today and is $58.68. Same applies to WTI  which is also down $2.66 (4.66%) and is at $54.44. It is clear to us that OPEC are clearly worried about pricing and doing all they can to support the oil price without much success. Go to our home page and half way down you’ll see a live market trading position. (Mon-Fri Trading hours)

The #heatingoil price took a dive today (Wed 14th) of $5.85 (3.12%) to $1.8188. This fall could pave the way for lower UK prices which is now dependant on how OPEC reacts to further falls. Today’s prices are very good but we feel they won’t be sustained much past Friday. With demand being traditionally low you may get it your heating oil cheaper and faster. So, before you go on holiday fill your heating oil tanks now as prices are very cheap.

It’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.

Distributor Analysis

Over the early days of this data set heating oil  prices were falling well. On 12th August they began to rise through to 13th August. Today, prices have fallen by 0.06ppl to 49.39ppl (inc vat) and are  still 0.62ppl cheaper than 9 days ago. The sharp price rise was a direct result of OPEC trying to stabilise and halt the  downward slide of the crude oil price. Momentarily, it looked like it was successful as the heating oil price fell today. At the moment despite some wild peaks and troughs during last month there is a great deal of some uncertainty as to where Crude prices will go from here. We are still expecting very little in the movement in the heating oil price. So stay tuned,

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 0.06ppl to 49.39ppl and average broker prices rose 0.72ppl to 50.61ppl. The difference between average distributor #heatingoil prices versus average online heating oil broker prices rose today to is 1.22ppl inc vat.

This means you can save an average of £6.10 on 500 litres or £12.20 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, Brokers cost more money. Brokers charge a variety of commissions, surcharges & admin charges or a mixture of all and these affect your final bill. As you can see using a broker today, can cost you more and it does vary from day-to-day as we have seen over the week. Choose Multiple heating oil quotes from HEATINGOILSHOP.com where there are no commissions, delivery or other surcharges.

Heating oil Broker prices on 14th August @ same postcode for a delivery of 1000 litres on a 5 working day basis

Today’s Broker Analysis

Average broker prices are up to 50.61ppl today. You can see from the above graph which brokers are charging the most today.  FuelTool is at the top of the list today at 53.50ppl followed Tank Topper and in Third place Boilerjuice. Fuel Tool are 6.50ppl more expensive than Direct Oil’s price of 47.00ppl Comparisons were made at the “SO” postcode.

So, do you really want to pay an average of £32.50 more for 500 litres or an average of £65.00 more for a 1000 litres by buying from the most expensive?  In the broker category we have seen a low prices of 47.00ppl  and highs of 53.50 (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.

Average daily heating oil broker prices for the 31 days to 31st July 2019 at a different daily postcode for delivery of 1000 litres on a 5 working day basis.

31 Day Broker Price Analysis

Over the last 31 days up to 31st July, 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 with 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.

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 by being 3.65ppl cheaper.

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.

Our conclusion is you’re better off getting multiple quotes through heatingoilshop.com and comparing prices without having to pay commissions or admin charges.

UK Regional Analysis

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.

Over the last 7 days there has been an increase in average UK oil distributor #heatingoil prices on the week of 0.31ppl finishing at 49.39ppl. Today’s prices are falling once again.

In #England average prices rose by 0.13ppl to 48.75ppl.

In #Scotland average prices rose by 1.60ppl to 53.51ppl.

In #Wales average prices rose by 0.33ppl to 48.46ppl

In #NorthernIreland average prices rose 0.59ppl to 47.75ppl.

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