Heating Oil Price Rocketing
Discussion
KTMsm said:
skwdenyer said:
Re old tanks, around here the suppliers will no longer deliver to single-skinned steel tanks: change it, or no oil.
Who told you that? And where are you ?I'm in Warwickshire and was chatting to the driver who supplied my last delivery, he said it's up to the driver to make the decision if it's unsafe but they're told not to leave anyone without oil but he did just refuse some gypsies who had an old ibec they'd been using for years
Having looked up the regs, I see we’re close to (but not within 10 metres of) a watercourse. A lot of rural properties also have septic tanks, near which single skinned tanks cannot be installed (although that’s also not relevant here). Many around here are commercial holiday lets which are I believe classed as commercial premises and will require a bunded tank.
Our regular oil supplier essentially won’t deliver to any tank that isn’t in compliance with current OFTEC requirements. So, for instance, our (wooden) shed is a little closer than regulation to our (bunded) tank; the driver required me to explain how the shed was fireproofed (it is) before he would deliver the oil.
I know there’s no legal requirement for this stuff, but around here there’s only a choice of 2 or 3 suppliers; if they all take the same approach then that’s the way it is.
I assumed - obviously incorrectly - this was more widespread.
skwdenyer said:
My neighbours (Yorkshire Dales) had a single-skinned steel tank. About 3 years ago, the usual supplier mailed them to say “if you don’t replace your single-skinned tank, this will be your last delivery.” They’ve swapped to an electric-powered boiler (it’s a second home, so not that fuel price sensitive).
Having looked up the regs, I see we’re close to (but not within 10 metres of) a watercourse. A lot of rural properties also have septic tanks, near which single skinned tanks cannot be installed (although that’s also not relevant here). Many around here are commercial holiday lets which are I believe classed as commercial premises and will require a bunded tank.
Our regular oil supplier essentially won’t deliver to any tank that isn’t in compliance with current OFTEC requirements. So, for instance, our (wooden) shed is a little closer than regulation to our (bunded) tank; the driver required me to explain how the shed was fireproofed (it is) before he would deliver the oil.
I know there’s no legal requirement for this stuff, but around here there’s only a choice of 2 or 3 suppliers; if they all take the same approach then that’s the way it is.
I assumed - obviously incorrectly - this was more widespread.
Never had any problems ir questions with my newish steel tank next to a shed!Having looked up the regs, I see we’re close to (but not within 10 metres of) a watercourse. A lot of rural properties also have septic tanks, near which single skinned tanks cannot be installed (although that’s also not relevant here). Many around here are commercial holiday lets which are I believe classed as commercial premises and will require a bunded tank.
Our regular oil supplier essentially won’t deliver to any tank that isn’t in compliance with current OFTEC requirements. So, for instance, our (wooden) shed is a little closer than regulation to our (bunded) tank; the driver required me to explain how the shed was fireproofed (it is) before he would deliver the oil.
I know there’s no legal requirement for this stuff, but around here there’s only a choice of 2 or 3 suppliers; if they all take the same approach then that’s the way it is.
I assumed - obviously incorrectly - this was more widespread.
The_Doc said:
ChevronB19 said:
Given we are in the same area, could you PM me with who you’re getting to do the boiler? 
Roger.Start practicing the charm offensive though, it's a two-brother combo, who do electrics, plumbing, central heating, installations, and external groundworks.
They did 75% of the downstairs of our place 12 months ago. They are ace.
6 month lead time,
won't answer the phone unless they know the number.
Will usually drop everything and rescue if you ring them with a leak/emergency once you are in the "circle of trust"
I had to deploy my Huddersfield-bred wife on the phone the first time before they would take us seriously. (hint hint)
Lead brother carries a Nokia 1600.....
The_Doc said:
Audis5b9 said:
What does the PH crystal ball predict the current chaos in the Red Sea will do to oil prices here in UK?
Is that a common route for our oil supplies, or is it only affecting cargo services.
Not sure where the oil we buy in the UK really comes from?
My tank is at approx 40% now so will need to purchase more in the next 4 weeks. Would prefer to pay as little as possible!
Tuesday 16th January 2024Is that a common route for our oil supplies, or is it only affecting cargo services.
Not sure where the oil we buy in the UK really comes from?
My tank is at approx 40% now so will need to purchase more in the next 4 weeks. Would prefer to pay as little as possible!
It will rise to 70+ppl before tax widespread pretty soon.
OPEC has voted to wind back production and the shipping problem only worsens it.
Buy 500 litres now if you need to guarantee getting through the winter.
Then spot the time in April to Nov when things might fall back for a 1500 litre fill up.
I don't think we'll see 50ppl again, and 60ppl is soon to go.
Kerosene at 60ppl before tax today, my neighbour tells me, and perhaps we will be 59ppl next week.
Its random, I've decided !
On global markets, kerosene is at its lowest point since last summer, and in pricing terms, has hit this low 4 times in the last 6 months, but failed to break this stubborn resistance to go even lower. Can't predict the future, but if I had to pick a direction, it would be lower. I wouldn't bet on it though but I can't see it moving an awful lot from now until Autumn.
Funny this should pop up, we are now in the lower usage months. We have used between 600-700 litres since the last top up in *checks notes* October, trying to workout if we are better off ordering now or leaving it until August, October top off was 500litres @74ppl currently at 62ppl locally
geeks said:
Funny this should pop up, we are now in the lower usage months. We have used between 600-700 litres since the last top up in *checks notes* October, trying to workout if we are better off ordering now or leaving it until August, October top off was 500litres @74ppl currently at 62ppl locally
I literally just posted at lunchtime that heating oil global commodity price was hitting a 12 month low for the 4th time of asking but is facing stubborn resistance. Its now broken through that resistance and dropped almost 3% in the last couple of hours. Thats a very significant drop for a commodity. Global oil price has dropped a similar amount. I would hold off buying until this move washes through here locally at sub 60p a litre. I was convinced that we would never see 40p a litre again and we probably won't, but with a bit of luck, maybe we'll see 50p again.
On a side note: we are hoping to move house at the end of May so I am keeping a close eye on our oil tank. It's starting to get low and I don't want to run out. By the same token I don't want to put 500litres in and then just leave this for the new house owners. Don't get me wrong I wouldn't want to leave it empty for them but just don't want to shell out for such a large amount.
Has anyone used any suppliers who can deliver smaller amounts than 500litres? Perhaps,100litres? Is this even a 'thing'?
ta
Has anyone used any suppliers who can deliver smaller amounts than 500litres? Perhaps,100litres? Is this even a 'thing'?
ta
oblio said:
On a side note: we are hoping to move house at the end of May so I am keeping a close eye on our oil tank. It's starting to get low and I don't want to run out. By the same token I don't want to put 500litres in and then just leave this for the new house owners. Don't get me wrong I wouldn't want to leave it empty for them but just don't want to shell out for such a large amount.
Has anyone used any suppliers who can deliver smaller amounts than 500litres? Perhaps,100litres? Is this even a 'thing'?
ta
Fairly normal for the new owners to purchase the amount in the tank upon exhangeHas anyone used any suppliers who can deliver smaller amounts than 500litres? Perhaps,100litres? Is this even a 'thing'?
ta
There is a garage near me that dispenses kerosene from a standard pump/outlet.
So depending on where you are in the country there might be one near you - https://maps.app.goo.gl/2ywtdZp7UJeUgmGf9
So depending on where you are in the country there might be one near you - https://maps.app.goo.gl/2ywtdZp7UJeUgmGf9
oblio said:
On a side note: we are hoping to move house at the end of May so I am keeping a close eye on our oil tank. It's starting to get low and I don't want to run out. By the same token I don't want to put 500litres in and then just leave this for the new house owners. Don't get me wrong I wouldn't want to leave it empty for them but just don't want to shell out for such a large amount.
Has anyone used any suppliers who can deliver smaller amounts than 500litres? Perhaps,100litres? Is this even a 'thing'?
ta
Just call round a few supplies and if they can't sell, they may tell you who can - I would just turn the heating off though tbh, hot water heating uses millilitresHas anyone used any suppliers who can deliver smaller amounts than 500litres? Perhaps,100litres? Is this even a 'thing'?
ta
You've sold the house for £297,000 ( UK average), you might have to take a £350 loss on the kerosene?
Do you want to stay on good terms with the buyers after? Mail forwarding etc?
Its 0.1% of the purchase price.
The Law Society fittings and contents list should have included things like logs in the log store and solid/liquid fuel on site.
I don't know.
How would you feel if you moved in and ran out of oil on the second day in a new house?
No right or wrong answer. One for the moral compass. I make no judgement.
Do you want to stay on good terms with the buyers after? Mail forwarding etc?
Its 0.1% of the purchase price.
The Law Society fittings and contents list should have included things like logs in the log store and solid/liquid fuel on site.
I don't know.
How would you feel if you moved in and ran out of oil on the second day in a new house?
No right or wrong answer. One for the moral compass. I make no judgement.
The_Doc said:
You've sold the house for £297,000 ( UK average), you might have to take a £350 loss on the kerosene?
Do you want to stay on good terms with the buyers after? Mail forwarding etc?
Its 0.1% of the purchase price.
The Law Society fittings and contents list should have included things like logs in the log store and solid/liquid fuel on site.
I don't know.
How would you feel if you moved in and ran out of oil on the second day in a new house?
No right or wrong answer. One for the moral compass. I make no judgement.
Pretty much this.Do you want to stay on good terms with the buyers after? Mail forwarding etc?
Its 0.1% of the purchase price.
The Law Society fittings and contents list should have included things like logs in the log store and solid/liquid fuel on site.
I don't know.
How would you feel if you moved in and ran out of oil on the second day in a new house?
No right or wrong answer. One for the moral compass. I make no judgement.
We have our house on the market at the moment and I put 500 litres in last week on top of the 200 or so that was already in there. In the grand scheme of things, and considering unkowns like being chipped after a survey, it's the square root of bugger all
sfella said:
There's a legal minimum I believe for delivery of 500.
Some very rare petrol stations have a heating oil tank you can go to with a jerry can.
Could always mention it to new owners, prices low etc would you like it brimmed and pay x% of cost upon completion
Marketing here in NI is 300L, 500 and 900L as those are common amounts purchased. You can order whatever you want, 250L etc, although I'm sure the line gets drawn somewhere. No legal minimum here.Some very rare petrol stations have a heating oil tank you can go to with a jerry can.
Could always mention it to new owners, prices low etc would you like it brimmed and pay x% of cost upon completion
The_Doc said:
You've sold the house for £297,000 ( UK average), you might have to take a £350 loss on the kerosene?
Do you want to stay on good terms with the buyers after? Mail forwarding etc?
Its 0.1% of the purchase price.
The Law Society fittings and contents list should have included things like logs in the log store and solid/liquid fuel on site.
I don't know.
How would you feel if you moved in and ran out of oil on the second day in a new house?
No right or wrong answer. One for the moral compass. I make no judgement.
As I said in my post about this, I didn't want to leave the newcomers with no oil however by the same token I'm not enthralled about shelling out £350+ unnecessarily. The purchase price of the property and what % it is irrelevant: house moving is an expensive business and I could use that money sensibly elsewhere .Do you want to stay on good terms with the buyers after? Mail forwarding etc?
Its 0.1% of the purchase price.
The Law Society fittings and contents list should have included things like logs in the log store and solid/liquid fuel on site.
I don't know.
How would you feel if you moved in and ran out of oil on the second day in a new house?
No right or wrong answer. One for the moral compass. I make no judgement.
When we moved in I had to organise a delivery pretty sharpish as there was about 2 weeks oil left. It was what it was tbh so didn't unduly upset me at the time.
We agreed to leave the newbies the balance of the log store plus 2 metal log holders and what is left of the oil without any charge.
Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff