UK Heating Oil Prices - Today
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Crude oil prices continue to surge ahead after yesterday’s OPEC meeting. As at 8:15 am this morning commodity prices are at $50 and $52 having gained just over $5 each on Wednesday's price.
As we have indicated before the correlation between crude oil and heating oil cannot be more demonstrated by what has happened in just five days.
The UK as a whole, is now paying 1.50 ppl more than at the beginning of the week. That on a 500 litre delivery is an extra £7,50 on a 1000 litre load £15,00. We are in a new ball game now. Three weeks before Christmas, crude oil rising and the weather has turned decidedly chilly: a perfect breeding ground for higher heating oil prices.
Again, we highly recommend buying heating oil now, and buy as much as you can to get you through Chbristmas, the New Year and maybe February. We are not going to hide the fact that in the next 3 winter months you'll pay more at some time during this period if you buy on average every three months.
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Choose your supplier carefully. We recommend you not to buy from brokers unless you can afford their prices, wait for your delivery and not know who is making the delivery.
We highly recommend you buy from a local heating oil supplier and use our website to get free quotes fromsuppliers to your area. Quotes are free and we do not receive commissions from suppliers.
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.
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". Since 19/12/2011 the average commission charge is 2.4 ppl above a local heating supplier, higher in winter and lower in summer.