Home Heating Oil

NAR

Bangor Fuels £361 for 900 litres this morning.

Honkycat

I think there's a wee bit more to come down yet....

Colin_Kee

Can someone please explain whay the hell when Oil is down to $50 a barrell (Thats about 1/3 of what it peaked at) that heating oils still is this high. i.e Heating oil about £530 for 900 litres when oil was about $150 a barrell, Heating oil about £360 for 900 litres when oil is now down to about $50 a barrell

And considering it has been a rasonably mild start to the winter and being such a crap summer, so people would have bought oil then, I can't see how it is down to massivly increased demand.

same comment on Diesel & Petrol (Particularly Diesel)

ballyblack

partly explained

http://www.cheapestoil.co.uk/homeheating/StockCompare.aspx

Colin_Kee

Good Link... Explains it a bit!! Still think it could be cheaper and they are always quick to use the excuse of "It's beacuse of the High Oil Prices" to raise the prices (Note it also doesn't excuse the fact the the government is taking 60% of what we pay as Tax..) Any chance of a bit of TAX relief??

yorkie98

Colin_Kee wrote: »

Can someone please explain whay the hell when Oil is down to $50 a barrell (Thats about 1/3 of what it peaked at) that heating oils still is this high. i.e Heating oil about £530 for 900 litres when oil was about $150 a barrell, Heating oil about £360 for 900 litres when oil is now down to about $50 a barrell

And considering it has been a rasonably mild start to the winter and being such a crap summer, so people would have bought oil then, I can't see how it is down to massivly increased demand.

same comment on Diesel & Petrol (Particularly Diesel)

The cost of the raw material (Crude Oil) is only a part of the story. Much of the cost of heating oil is reasonably static such as refinement, distribution, retail, marketing and of course TAX so even though, the price of oil has come down by nearly 2/3 the other costs have not. With this in mnd, even if the crude oil became free, Heating oil/Diesel/Petrol would still cost money due to these other costs.
It is also well worth bearing in mind that the current $/£ exchange rate is not in our favour like it was last year and this also affects costs as a $50 barrel of crude oil last year would have cost around £25, right now it's more like £34 as the £GBP is weaker against the $USD.

just_thrifty

Maxol Direct now £358 for 900 litres & £209 for 500, if you order online. Plus £5 off if you order before Dec 1st. Anyone had a better deal than this in/around Belfast?

bingo_bango

Boilerjuice.com quoting £193.20 for 500l right now.

toofy

Just got 900 ltrs delivered today from Thompsons Fuels in Portadown, £343

freddie_2

Got 500 for 195 today.
Lisburn area.