Early Birds get the Oil

With fuel prices at the pumps rising again this autumn, it will come as no surprise that the cost of heating oil is also likely to increase this winter. The good news is that oil is generally 35% cheaper than this time last year, so the ‘early birds’ filling their tanks this year will still save money. We are getting used to oil price fluctuations but the current volatility in the market price of crude oil, where prices have doubled since February’s low of $32 a barrel, have got all the pundits guessing. There are those who predict prices could be back above $100 a barrel by the year end, sighting global shortages and uncertainty in the financial markets, but this would have a major impact of economic recovery around the world. At the moment there is plenty of oil in the pipeline and the cost of domestic heating (28 second burning) oil has remained pretty stable throughout the summer months, but all that could change with the onset of higher demand this winter. So now is a good time to check the level in your tank and to order oil for next winter before prices start to increase.

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Making Sense of Oil Prices

With fuel prices at the pumps rising again this autumn, it will come as no surprise that the cost of kerosene based fuel oils is also likely to increase this winter. The good news is that oil is generally 35% cheaper than this time last year, so those taking the opportunity to fill tanks now will still save money.

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A GOOD TIME TO BUY HEATING OIL!

The decision by OPEC, the organisation of oil-producing nations, to cut the number of barrels it supplies, means that buying domestic heating oil now is likely to be a wise move

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INTERNET BANKING

We are receiving an increasing number of requests from customers who want to pay for their heating oil by Internet banking.

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