Home Heating Oil

getzls

Coolhandluke wrote: »

http://www.bangorfuels.com/ for a North Down postcode.

They are still at £300 for 500l. Will wait bit yet, i can see £293-5 soon.

Pretani

trend chart shows it up a tad today....not effecting N.I. yet.....

heard the other day that the Euro will continue to fall till end of the month, so if that has any influence over the price of oil. End of May might see a rise in oil prices.

only hear-say, but something to think about:)

getzls

Would the pound v the dollar not have more effect on prices rather than the euro?

jtk174

getzls wrote: »

They are still at £300 for 500l. Will wait bit yet, i can see £293-5 soon.

Looks like you were right!
Although it might depend what part of the country you are in.

getzls

jtk174 wrote: »

Looks like you were right!
Although it might depend what part of the country you are in.

I chickened out to-day and got 500 at £296.:D Still think it's got a couple of pound to go, well maybe.
Edit. Just seen it now at £295. Should have held my nerve.

Pretani

getzls wrote: »

Would the pound v the dollar not have more effect on prices rather than the euro?

No, GDP has a more direct effect on oil prices in the UK. We export more to Europe than we do to America. While Europe is in a mess the pound also devalues and GDP output lowers, driving down the price of oil.

UK economy shrunk 0.3% in the first 3 months of this year. The first Quarters growth will be looked at in the beginning of next month this is when the Bank of England is due to meet and consider securing the economy.

.....would be wise to wait until this happens as oil should come down in price until this happens;)

ballyblack

Wonder how long it will be before Heating Oil drops significantly?

http://www.gmanetwork.com/news/story/260234/economy/business/oil-slides-on-eurozone-us-demand-worries

NAR

Price still dropping - Bangor Fuels £290 for 500ltrs/£511 for 900lts.

mollypoppy

cheapestoil online at moment this is Derry/L ballykelly area

500L £285
900L £499

Bangor Fuels (who I normally order form)

500L £286
900L £502

Any ideas how long the drops will go on for? Silly question really but if anyone has any idea.

Honkycat

Yes, I'm wondering that as well. I need to get some pretty soon, but don't want to miss any further drops. It's going down like a stone at the minute.