Domestic Heating Oil Prices

There are are a number of oil purchasing co-operatives organised on a local, regional and national scale which are easy to find on-line. If you prefer to time your purchases yourself and negotiate your own deal here is some information that might help.

Price History

Prices in pence per litre (England average price from Boilerjuice)

Month Year Low Monthly High Price peaks
Sept 2016 33.63
Jan 2017 45.66
June 2017 35.23
Jul 2017 36.01
Aug 2017 37.7 39.41
Oct 2017 41.18 42.35
Nov 2017 42.55 47.33
Dec 2017 56.58 56.58
Jan 2018 53.80
Feb 2018 51.50 (Feb 23rd)

Latest England Average Price for Domestic Heating Oil

Date Price Trend
23rd Feb 2018 51.50 Rising

Information available online to help negotiate a price today

1. This Fueltool link allows a search for current prices in the EX14 postcode area for the quantity of oil required

2. Prices for Devon & for Dorset are available from the Heatingoilcompare website

3. The average price across England is available from Boilerjuice

Watching the trend in oil prices

Stock market prices and fluctuations in the exchange rate are very strong factors affecting the price of heating oil. In the past 2 years the GBP/USD exchange rate fell from highs of $1.53 in Sept 2015 and $1.49 in June 2016 to a low of $1.20 in Jan 2017. The live table below shows how many dollars one pound and one euro are worth now. Oil is traded in dollars so a higher rate is good news.

The trend in the price of heating oil tends to follow the crude oil price trend but there is often a time lag. The Crude Oil chart on the left below shows the price range over the last six months. The chart on the right gives live trading data for ULSD (Ultra low sulphur diesel) on which heating oil trading is now based.

Crude Oil News - February 2018

"Oil prices inched lower, pressured by the dollar’s recovery and an anticipated rise in U.S. crude production" (21st Feb)

Crude Oil Prices from Infomine

6 Month Crude Oil Prices - Crude Oil Price Chart

Heating Oil Futures Trading Chart