quarterly heating oil price comparison chart 2007-2016

Heating Oil Price Analysis – Amazing value in 2016

August 4, 2016 | Market Watch: Price Trends

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.

Whilst the average UK heating oil price increased 13% between the first and second quarter of 2016, there is still amazing value to be had – as the average price in the second quarter of 2016 is also the lowest it has ever been.


So although It may not be long before increased demand in winter trumps high crude oil production, it’s clear 2016 is a year of fantastic prices and there’s amazing value to be had right now.

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