Tag Archives: check your tank
Heating oil price update newsletter June 2014
Hello!
It has been some considerable time since I have been in touch, I’m certainly not one to bombard you with pointless emails! However, I thought it was time for a price up date and also to take the opportunity to welcome all of you who have signed up for news through My Consortium’s website.
Price update
The mild winter this year meant that the price of heating oil did not go to the horribly high levels we have experienced in previous years, so that was a relief. The highest prices were in December, the only time that there was a slightly higher demand, and then it rose to 58ppl maximum and that was very short lived. Most of the winter the price averaged around 54p/l + VAT.
In recent months the price has fallen to the low 50s, which is the best price we have seen in many years. So might be time to buy.
Price alert
As well as giving you an update on what has been happening I also have to tell you that there is a real threat of a rise in the price right now due to the Iraq crisis. Already this morning Brent Crude has risen by over $1 a barrel which is a significant increase and one that will reflect in the price of heating oil over the next couple of days.
Hopefully this trend will be short lived and the price will correct itself back down as the news moves on to other stories. But if you want to get the best price at the moment you had better be quick! I’m on 01476 861884 all day.
Check your tank, Says FPS
Check your tank, Says FPS
As the UK experiences the first sub zero temperatures and with snow forecast in many areas of the country, the Federation of Petroleum Suppliers (FPS) is urging heating oil users to change their energy habits to avoid being caught out by the winter weather.
The FPS recently launched their ‘buy oil early’ campaign with the support of the Energy Minister, Michael Fallon who said, “I welcome the launch of this campaign. The message is simple: stock up on heating oil before the winter leaves you out in the cold.
“Previous severe winters show it’s better to order early when suppliers have spare delivery capacity. Delaying risks longer delivery times especially if cold weather increases demand and disrupts deliveries, particularly in remote and rural parts of the country… “
