Following on from our July-September review, we’re looking back at 2016 to understand what happened to heating oil prices, while looking ahead to try understand what impact this may have in 2017 for the 1.6 million oil households in the UK.
Quarterly Heating Oil Price Comparison
The final quarter of 2016 showed no signs of bucking the trend of continued rising prices, and it’s no surprise considering that January 2016 saw the lowest ever heating oil price as recorded by BoilerJuice.… Read More
The Organization of the Petroleum Exporting Countries, or OPEC, are scheduled to meet on 30th November 2016 for crunch talks. The topic? Discuss cutting the output of crude oil. Will the 14 OPEC member countries agree?
In today’s blog we look into the possible outcomes of the Vienna meeting and, most importantly for us, what impact it will have on heating oil.… Read More
1.5 million UK households impacted after 16% price increase in October
UK heating oil prices rose 16%, from an average of 34.40PPL (incl. VAT) in September to 39.90PPL (incl. VAT) in October. This represents the steepest monthly heating oil increase since the winter of 2010, making it the third biggest price hike on record.… Read More
July – September prices at their cheapest since 2007
To follow up on our previous post, where we investigated seasonal heating oil price trends to uncover trends for the best time to buy, we now focus on July-September to provide context to heating oil prices today, and where we can expect them to head in the near future.… Read More
You’ve probably noticed how much cheaper heating oil has been this year, but where does 2016 sit in context of historical prices? We look at the past 9 years of BoilerJuice prices to answer the question.
Following unprecedented falls for the last three years, BoilerJuice prices have never been lower. The crash in the price of crude oil has meant that, for the first time since BoilerJuice records began, the average heating oil price between January and March was below 30 pence per litre.… Read More
Month-to-date, June average prices are higher than the previous December for the first time in 6 years. So when is the best time to buy?
Heating oil prices continue to defy tradition this year, rising in summer compared to the previous winter for the first time since 2010. Demand and therefore prices typically fall in the summer but this year prices have risen thanks in part to strengthening crude oil prices.… Read More
The Brent Crude price rose above $50 for the first time in nearly 7 months earlier this week after recent events in Canada, Libya and West Africa lowered daily output by 4 million barrels.
FACT: The Brent Crude price has increased almost 90% since the market plummeted to a 12-year low in February 2016.… Read More
In case you haven’t noticed Heating Oil prices have been falling dramatically. The UK average for home heating oil was 48.56 pence per litre (inc VAT) this time last year, it’s now at a staggering 8 year low of 31.92 pence per litre today. So why is this happening? How long will it last?… Read More
When the sun’s out and the mercury is rising, heating oil is probably not top of your list of worries. However, planning ahead for winter (as well as those disappointingly chilly summer days) can offer considerable benefits.
Constant fluctuations in the industry make heating oil prices difficult to predict, but warmer periods usually correspond to a drop in value.… Read More
Our first golden ticket winner is….
Michelle Morris from Hemel Hempstead in Hertfordshire!
Want a Chance to Win 500 Litres of Heating Oil? Win Every Day with Our Golden Ticket Giveaway!
Every week during June one lucky customer will win 500 litres of heating oil in our Golden Ticket Giveaway, PLUS, we’re giving away a £10 BoilerJuice voucher every day in our daily prize draw.… Read More