Tag Archives: Heating oil trends
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.
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.
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.