The price of heating oil in the UK can vary from day to day depending on a number of key factors.
What Affects Heating Oil Prices?
1. Weather Events
Heating oil prices can increase dramatically during extreme weather events. Severe cold weather snaps and winter storms have a direct effect on on the supply, demand and price of heating oil, as people typically need to stock up and use more fuel during these times.
Delivery and access can also prove much trickier during adverse weather conditions which can also increase the overall cost of your home fuel delivery.
2. Changing Seasons
Demand for heating oil in the UK will typically increase between the months of October to March as seasonal temperatures drop and the need to keep our homes warmer increases.
The opposite occurs as the warmer months arrive and the demand for fuel drops.
Timing your next purchase to get the best heating oil price in line with the change in seasons can save you money on your home heating bills.
3. Distribution & Delivery Costs
Heating oil delivery costs will vary depending on how far your property is located from your nearest depot and the ease of access if you are based in a rural area.
If you live in a remote location but there are other properties nearby that use hating oil, forming a heating oil club with your neighbours could help you to save money on your orders.
We have a range of delivery vehicles to suit all delivery situations. If you're worried about a delivery you can call us on 08000 235 905 to talk through your concerns with our team of distribution experts.
4. Global, National & Local Supply
Oil supply can be affected by anything from local weather conditions to worldwide political conflicts.
If global oil production levels fall creating a shortage in supply, then the cost of importing heating oil will increase worldwide.
As the costs of importing oil inceseases nationally, your local heating oil supplier will have to increase their prices as a direct result.
5. Crude Oil Prices
The amount of crude oil produced by members of OPEC (Organisation of the Petroleum Exporting Countries) has a direct effect on global crude oil prices.
Heating oil or 'kerosene' is refined from crude oil, so if the price of crude oil rises, so will the costs of kerosene.
Heating Oil Prices
At The Heating Oil People, we check out prices on a daily basis to ensure we're giving you the best deal possible for your home fuel.
We buy our fuels direct from the leading oil terminals so we can:
- Guarantee supply
- Offer the best quality fuel
- Provide the best heating oil price
Heating Oil UK
Get in touch to discuss your home heating requirements or call us on 08000 235 905. We're here to help any way we can.
Quick links to The Heating Oil People depots: Heating Oil Essex, Heating Oil Sussex, Heating Oil Kent, Heating Oil Burnley, Heating Oil Mansfield, Heating Oil Nottingham, Heating Oil Doncaster, Heating Oil Sheffield