Average Domestic Heating Oil Price Chart
Heating Oil Prices Updated to including 25th March 2014
NYMEX crude oil price dipped on NYMEX, crude oil futures for delivery in May traded at $99.23 a barrel, down 0.23%. Crude oil settled 0.57% higher, or 56 cents, at $99.46 a barrel, last week on speculation over the fallout from the Ukraine crisis and amid indications the U.S. economy is improving.
ICE Futures Exchange in London, Brent oil for May delivery added 0.44%, or 47 cents, on Friday to settle the week at $106.92 a barrel.
Despite Friday’s gains, the May Brent oil contract declined 1.19%, or $1.29, on the week. Meanwhile, the spread between the Brent and the WTI crude contracts stood at $7.46 a barrel by close of trade on Friday.
UK Heating oil prices are still low despite crude prices rising and a weak dollar and a mild winter in the UK..
Analysts say oil prices might fall as energy demand has not risen as fast as expected, while supplies have been sufficient.
Always use heatingoilshop.com to qet multiple quotes from supppliers to your postcode.Choose your supplier carefully and Do Not Buy from Brokers like boilerjuice.com, or heatingoil.co.uk unless you can afford their prices, wait for your delivery and not know who is making the delivery.
Prices are generally between 2ppl - 4ppl over the norm because they are a brokers and charge commission on top of a supplier's price.
Remember, 90% of Boilerjuice and Heatingoil.co.uk suppliers, are owned by the Certas Energy Group formerly (DCC/GB Oils Group.)
We highly recommend you buy from a local heating oil supplier and use our website to get free quotes from suppliers to your area. They are free for consumers and we do not charge suppliers.
Buying direct from a heating oil supplier is your best choice as heating oil brokers can and do charge a premium of between 1p and 5p per litre for doing "the leg work". Our graph above tells you on a daily basis what the average broker rate is for 1000 litres.
With fuel poverty on the increase you need to look at all your options and look for the best price with the best service. Heatingoilshop.com will help you achieve competitive pricing by getting quote requests out to all suppliers free of charge. We do not charge suppliers or customers for this service.
The average heating oil price graph is self explanatory, all prices include VAT at 5% and covers 500 and 900 litre delivery prices from UK heating oil suppliers and 1000 litre broker prices.