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Oil prices
Comments
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beefturnmail said:I reckon I have enough oil to last through until May/June, but does anyone know if letting the oil in a tank run too low cause any problems?1
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Thanks - I have about 7-8 inches left. The take off point is about 4 inches from the ground, so I presume that's as low as it can go
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Deleted_User said:If you have any water in the bottom of the tank that gets sucked through the pipe, you could have an issue. But nothing usually fatal, once you've had the boiler cleaned out.
If you tipped the tank up to squeeze a bit more oil out, then yes, I could see how that would cause a problem with water in the bottom of the tank.
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dunstonh said:I have enough under normal use to see me until late April. However, we have cut the hours the heating is on and turned it down and are running three woodburners instead to try and eek it out. If I can get it to warmer months then it barely uses anything for hot water. By then, the panic buying should be over and the price falling back.
We filled our 2500 litre tank close to maximum in the 3rd week of January.
Since then we have been getting through an average 14.5 litres a day. That should see us well into the summer. Through the summer we use less than 2 litres a day for hot water only.
But I have still adjusted the room thermostat setting down on our Hive controller and, like you, cut the hours of heating.
We have a plentiful supply of logs so over the weekends we are now going to light the log burner in our main room.
I guess we are fortunate that we have no short term need for an oil top up But I would like to eek it out as well in the hope that things will settle down later in the year and prices will fall.0 -
14.5l per day - wow. My max is 4l per day in cold spells in winter - I do mainly use a log burner for heat though and house is well insulated (built in 2015)
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Big old farm house in an exposed location in North Yorkshire. Both of us now retired so the heating is on during the day.
Don't get me started on the electric AGA running costs0 -
beefturnmail said:14.5l per day - wow. My max is 4l per day in cold spells in winter - I do mainly use a log burner for heat though and house is well insulated (built in 2015)
I only use oil for heating and hot water, and average about 9 litres per day in the winter, and 1.5 litres per day in the summer.
I got a delivery on 7th Feb but only filled to about 80% in the hope that prices might fall from the 64 pence I paid.
I estimate that it will be October before I need to refill but I am getting worried. From 28p in March 2020 to 64p in February 2022 to about 142p today.
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lohr500 said:Big old farm house in an exposed location in North Yorkshire. Both of us now retired so the heating is on during the day.
Don't get me started on the electric AGA running costs
Today was great. I had one burner on in the room I was working and by afternoon, fired up the one that spreads around the hour more. Didnt need the third running burning and the house was plenty warm enough.
Our local supplier is reported to be offering 110p this morning. Boilerjuice was 199p. And apparently, other independents are pricing lower than boilerjuice. A common trend with the local independents is tthat they are not taking on new customers and only supplying their regulars. it makes me wonder if those that work with boilerjuice are offering their own direct customers lower prices but hammering boilerjuice customers.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
lohr500 said:Big old farm house in an exposed location in North Yorkshire. Both of us now retired so the heating is on during the day.
Don't get me started on the electric AGA running costs2 -
Also very worried about this. Moved to a new house last year, budgeting around £150 per month for energy costs in the winter (£100 oil heating and hot water, ~£50 electric). Now looking at around £400 a month in the winter (oil costs x 3, electricity costs x 2).I don't understand why home heating oil price seems to have decoupled from crude and petrol and is showing such higher increases than those. When we moved in last May we paid 42p/L for kerosene and crude was around $65/barrel. Now crude is around $115, less than 1.8x more (but OK very volatile) but we are being quotes £1.30-£1.40/L kerosene (over 3x more).
Does anyone have any insight?0
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