Heating oil prices have risen in recent weeks, with global events, colder weather and increasing seasonal demand all contributing to market uncertainty.
If you still have oil in your tank, you may be wondering whether to order now or wait.
What should you consider?
Prices can move quickly
Oil prices could fall, but changes in wholesale markets, global events, exchange rates and demand could also push them higher.
Winter demand is approaching
As temperatures fall and more households switch their heating on, demand for heating oil normally increases.
Delivery times can become longer
If lots of customers order at the same time, particularly during a cold spell, delivery schedules can become much busier.
Check your tank level
The lower your tank gets, the less flexibility you have if prices rise or delivery times increase.
Not ready for a full fill?
A smaller top-up can give you some extra security without committing to a full tank.
We continue to offer the fixed direct debit scheme to help spread the cost of your heating oil. This can make it easier to budget and help avoid higher payments during the colder winter months. Please contact our team for further details.
In summary…
Nobody can predict for certain exactly where heating oil prices will go next.
Our advice is simply to keep an eye on your tank level and avoid running too low.
We’ll continue monitoring the market and keeping you informed of any significant changes.
