Heating oil- buy now or wait?
in LPG, heating oil, solid & other fuels
16 replies 923 views
Using boiler juice for quotes, I’ve notice that heating oil has come down in price recently.. I’ve got approx 1 months oil left in my tank.. as this is a money saving site I’m asking on here what you think oil prices will do in the next couple of weeks? 🛢️
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Some of the other aggregator sites can be cheaper than Boilerjuice so do also check them.
Your scenario is likely because the suppliers covering your area do not have sufficient excess capacity and are not prepared to price lower than they are.
In very simple terms, when a supplier signed up to boilerjuice has excess capacity, they tend to lower the price. This can lead to lower prices than if you went to them direct. When they do not have excess capacity, they increase the price. Often pricing themselves higher people going direct.
It is usually the same local supplier that delivers, but for some reason they provide a higher quote when I go to them directly
I just had a 1000l fill - I was running far lower than I like because I was hoping to be installing an ASHP early this year, but that hasn't worked out. So I just took a punt and filled the tank up. If the price drops, so be it. I paid 13p p/l less than last time, and I'm tired of being overly cautious with the heating
I phone them all up and find the cheapest. There's been up to 8p difference on occasions. I usually then play off the two cheapest against each other often getting a further 1p or so off and/or a more convenient delivery slot.
I've never looked into a local buying club but may do so this year.
Never certain, but hopefully prices will fall again soon after the recent rises during this cold snap and seasonal domestic demand reduces. Heating Oil futures are also currently showing reductions but that can always change rapidly.
If we knew the future prices with certainty we'd all be rich, sitting on a beach, not worrying about heating bills!