Over the last couple of months we have seen some unusual activity in the average price of heating oil, with prices at their lowest in 18 years! The price of heating oil dropped significantly to 29.9p in May compared to the same time last year, which is a massive drop of 24.3p. It goes without saying that the coronavirus and current world-wide pandemic, together with the extremely warm recent weather are likely to be major contributing factors for the reduction in price.
The graph below shows the dramatic drop in the average price of heating oil over the last twelve months compared to the current average UK weather.
With coronavirus lock-down measures still in place and Brexit negotiations ongoing the future price of oil is still unpredictable. You can read more about the coronavirus and the cost of oil on the BBC website here.
Despite the disruptions lock-down is causing to many of our lives, you can relax in the knowledge that our drivers and distributors are working very hard behind the scenes to ensure that you get your oil delivered quickly and safely, whilst adhering to social distancing guidelines.
In these uncertain times it would be beneficial to order your fuel in advance and take advantage of our 10-day economy delivery service as this guarantees you the cheapest price for your next order whilst prices are still low. Our distributors can pre-plan their routes in advance and pass on the saving costs direct to you. Remember, if you order a larger volume, then you will also have access to cheaper prices.
Click here to get a quote and see how much you can save.