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Posted by John King
Heating oil prices have continued to climb steadily for the past fortnight, meaning consumers are likely to be looking for the best deal they can in order to stock up for winter.
On July 27th, prices were recorded as being 55.71p per litre (excluding VAT) after rising to levels previously seen in early June.
Between then and August 3rd they stayed mostly flat, rising only to 56.3p per litre. A similar situation was noted until August 7th, when prices had reached 56.4p per litre.
However, they then started to go up quite sharply, hitting 56.9p per litre yesterday (August 9th) and 57.8 today. A similar price has not been seen since the end of May.
The rise in oil prices could be down to the Organisation of Petroleum Exporting Countries releasing bullish predictions on demand for the fossil fuel, suggesting 88.72 million barrels per day will have been used by the end of 2012.
In the meantime, BoilerJuice customers can continue to get the lowest heating oil prices possible by taking advantage of Buying Weekends and the Monthly Savings Scheme.
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Every day we check the lowest 1000 litre price of home heating oil from all our suppliers in all postcode areas and we log the minimum, maximum and average of all these prices. We then provide that information to you in a graph so you can make better decisions when buying your heating oil.More info