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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.
Heating oil price update
Having spiked at 60p + VAT in August and stayed pretty high through most of the autumn, I can report that prices have been dropping quite steadily over the last couple of weeks, but I think that it has now got to about the lowest it is going to go. If you are thinking of topping up before it gets really cold I think now is a good time.
As a guide, the price is just under 55p + VAT today in some areas but has already risen in others I’m afraid.
Getting organised for Christmas
Well, where has this year gone? It just seems to have flown past.
It has got to that time of year again when I need to remind you that ordering your oil in November will mean that you avoid the nasty price rise that often happens in December because of the rise in demand for deliveries.
Ordering in November also means that you will receive your delivery in the usual 5 – 6 working days. In December deliveries can take up to 2 weeks.
So to avoid the worry of not receiving your oil in time and save more money order very soon is my advice.
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… “
How to save money on your Heating Oil
With prices rising over the recent years, getting a good deal on your heating oil bill can be tough at times. Here are a few tips on how to save money on your home heating oil.
1. Use a Heating Oil Buying Club
With the growing cost of heating oil it is always in your best interest to shop around for the best price. Oil clubs usually consist from a handful of members to even hundreds in some cases, they use the power of bulk buying to get a better price from oil distribution companies.
Here at My Consortium we handle all the bulk buying end of things for you; so instead of you having to organize a buying club yourself and wait around for other members in your area to be ready for an oil purchase. We have a vast customer base so you can order whenever you are ready to, so no more waiting round for the next order dates. Due to the amounts of orders we process with Oil Distributors we have formed special relationships with them, due to this we get better prices than you would yourself contacting them.
So if you want to save money today, why not give us a call and we’ll pass the power of bulk buying down to you.