BoilerJuice is quoting 52.13 pence per litre for 500 litres as of10:21 am on 22/Jun/12.This is the lowest I've recorded since 31/Jan/2011.Is it going to fall further?MM

In message , MM writesThat's a good price. I paid 55p per litre in March 2011.I've got a 600 gallon (2500 litre) tank, and my annual refill time is always in the spring. This year, I was hanging on in the hope that the astronomical all-time high prices would fall when the warmer weather arrived. In the middle of April, I thought I'd better order some - and paid a massive 76.5975p per litre (£1531.95 for a 2000 litre fill).I've always considered having a partial fill, and shift the proper annual fill to the autumn. The problem is that, despite the present price drop, history shows that the overall trend is for prices to keep on rising. By delaying getting a complete fill, I risk paying more per litre when I DO fill up. And, of course, it won't affect just my first fill - it will be all the fills thereafter.I'm not sure what the answer is.

Heating oil price this morning = 52.13 pence, will it fall further?

Jun 22, 2012 25 Replies

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Huge 14 years ago

We live in a big (235m^2), exposed (at least as much as it can be in Bedfordshire(*)) house too. OTOH, we have cavity wall insulation, 12" of loft insulation and modern double glazing. 1500l a year is still too much.

(* And likely not as exposed as yours...)

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The Natural Philosopher 14 years ago

It's not even that. twice the (linear) size and 4 times the (roof) area to lose heat through. and the walls get bigger too.

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ARWadsworth 14 years ago

That narrows the options down to 11 months.

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MM 14 years ago

This morning, 27/Jun/12: 49.89 pence

This is the lowest since 14/Nov/10, when it was 44.75 pence

These are BoilerJuice quotes. Local suppliers may be more or less.

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shows all but one Land (Germany) on a *rising* trend.

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Brian Gaff 14 years ago

Those trends have to be artificially generated by supply manipulation I'd suggest.

Brian

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The Natural Philosopher 14 years ago

there were a lot of long positions in oil yes. Those are now unwinding.

Because largely everybody cut back on it as far as they could.

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