Heating Oil Price Rocketing

[Alex L]

For convenience I always use the same supplier, they're two minutes down the road and usually deliver next day. Yes they're generally more expensive but I'd rather build a relationship knowing I can always get a delivery if I'm caught short.

[Mark V GTD]

Alex L said:

We use about £250 of oil a month

Per month? - wow, thats horrendous - do you live in a ten bedroom mansion with no insulation?

[Alex L]

Mark V GTD said:

Per month? - wow, thats horrendous - do you live in a ten bedroom mansion with no insulation?

5,000sqft open plan barn with galleried living room/dining room - so when the other half is cold and has both boilers at full chat we’re getting through serious amounts of oil. Thankfully it’s getting warmer out!

Untitled by Alex L, on Flickr

[PushedDover]

Converse2020 said:

Just paid 19p inc VAT. That’s as cheap as it was back in 2000.

Mods.

Please change the thread title

[cerb4.5lee]

PushedDover said:

Converse2020 said:

Just paid 19p inc VAT. That’s as cheap as it was back in 2000.

Mods.

Please change the thread title

[EarlofDrift]

Alex L said:

Mark V GTD said:

Per month? - wow, thats horrendous - do you live in a ten bedroom mansion with no insulation?

5,000sqft open plan barn with galleried living room/dining room - so when the other half is cold and has both boilers at full chat we’re getting through serious amounts of oil. Thankfully it’s getting warmer out!

Untitled by Alex L, on Flickr

Surely there must be a far cheaper and efficient way of heating that vast space. Surely a heat pump and cylinder setup would be a lot cheaper.

Edited by EarlofDrift on Wednesday 8th April 02:53

[Alex L]

EarlofDrift said:

Surely there must be a far cheaper and efficient way of heating that vast space. Surely a heat pump and cylinder setup would be a lot cheaper.

Edited by EarlofDrift on Wednesday 8th April 02:53

That's the plan. From my limited research ground source heat pumps work well with wet underfloor heating, which we don't have. Need to spend a bit more time looking at alternatives as in the long term oil is only going to get more expensive.

[HotJambalaya]

christ you lot are doing well.

Just had a look for jersey and the cheapest I'm seeing is about 53p/l

Mind you according to the bloke I havent had a delivery off them since 2014 so its not like I use it that much! -never there in winter

[CorradoTDI]

PushedDover said:

Converse2020 said:

Just paid 19p inc VAT. That’s as cheap as it was back in 2000.

Mods.

Please change the thread title

I was just logging in to say the same thing!!

I ordered a week ago at 29p which is nearly the cheapest I'd paid (27p)

It's now 19p from the same supplier (The is East Anglia and OilNRG)

Crazy!

[MellowshipSlinky]

There must come a point when it’s not worth them supplying it - what with overheads and costs etc?

[PushedDover]

MellowshipSlinky said:

There must come a point when it’s not worth them supplying it - what with overheads and costs etc?

the bigger picture is even more WTAF...

https://gcaptain.com/the-most-profitable-trade-oil...

[MellowshipSlinky]

PushedDover said:

MellowshipSlinky said:

There must come a point when it’s not worth them supplying it - what with overheads and costs etc?

the bigger picture is even more WTAF...

https://gcaptain.com/the-most-profitable-trade-oil...

If only I’d taken up that offer to buy an empty cargo ship....

When I ordered my oil last month just as the talk off lockdown was being put around, my supplier said they were having issues getting stock as it was all being held offshore.

[skeggysteve]

CorradoTDI said:

I was just logging in to say the same thing!!

I ordered a week ago at 29p which is nearly the cheapest I'd paid (27p)

It's now 19p from the same supplier (The is East Anglia and OilNRG)

Crazy!

Think yourself lucky had our delivery on Tuesday cost was 38ppl today they are quoting 24ppl

North Yorkshire and also OilNRG, I wonder why there is a regional difference in the price.

[oblio]

Just had the Oil Club offer through - 31.5ppl - delivery 7-12 days in deepest darkest west Wales

[guindilias]

28p/litre in NI, dropping but I wonder for how long? I have a spare plastic oil tank, might rig that up and get both filled if it goes much lower.

[GT03ROB]

MellowshipSlinky said:

When I ordered my oil last month just as the talk off lockdown was being put around, my supplier said they were having issues getting stock as it was all being held offshore.

Most refineries are currently full of refined product. The storage tanks can't hold much more.

[Varelco]

Looks like the prices have settled out. I just placed an order at 18.4p, crazy considering exactly a month earlier it was at 36.5p. I did see it go as low at 16p last weekend but was too slow to act on it. Now is definitely the time to buy.

[anonymous-user]

Johnston oils are offering fixed pricing for the next 12 months. Price of oil is at a 4 year low apparently. Is this a normal thing ?

[Butter Face]

Yes, I paid 40.75ppl at the end of March. Same supplier is now 22ppl!!

[cerb4.5lee]

I've been on oil for 8 years now and I've never seen it this low(18ppl), I wished I had a bigger tank because I want to order more but I can't fit 500 litres in.