in LPG, heating oil, solid & other fuels
61 replies 5.4K views
What’s everyone’s view on oil prices continuing to go up ? I know we all need a crystal ball 😫 we are getting really low on heating oil , normally we would hang on for another month or so for prices to come down. The price is ridiculous at the moment, we just don’t know what to do?!
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I'm hoping this would be it!
System 1 - 14 x 250W SunModule SW + Enphase ME215 microinverters (July 2015)
System 2 - 20 x 330W Jinko Panels + Enphase IQ7+ microinverters (Jan 2022) + Givenergy AC Coupled inverter + 2 * 8.2KWh Battery (May 2022) + Mitsubishi 7.1 KW and 2* Daikin 2.5 KW A2A Heat Pump
I was briefed in work this week that they were expecting oil prices to settle in 4-6 weeks, I would considered this to be a fairly reliable source, however external influences are unpredictable to say the least at the moment.
I'm holding half a tank at the moment, if prices fall back to <80ppl I think I'll fill up otherwise I'll bide my time and hope for the best.
86.01p/l exc. VAT.
I ordered 1500 litres on 10/01/2022 and it cost me 54.72p/l. So quite a hike
I don't need any more oil right now, but I am watching the pricing closely. I hope the information annabanana82 heard this week is correct and prices do settle down in 4 - 6 weeks.
We need some warmer weather soon so that the heating isn't working as hard!! Currently using circa 15 litres per day for heating and hot water. In comparison, through the summer with no heating, the consumption drops to below 2 litres per day.
Local supplier was only 0.5p per litre higher than Boiler Juice and oil club was 10p per litre dearer. Went with local provider.