Is The Heating Oil Price Really On The Decline?

For those customers who rely on domestic heating oil to keep their homes warm this winter, the news that the heating oil price has decreased is a welcome, particularly with winter just around the corner. The news couldn't have come at a better time as the nights grown significantly colder and homes start using their heating a lot more.

During the summer months, the heating oil prices don't actually affect anyone as the warm days and pleasant evenings don't call for any heating. However, as the ice snap arrives on our doorstep, more folks turn the dial on their domestic oil boilers to get their homes to a relaxed temperature. You can visit to know more about home heating oil.

Image result for HOME HEATING OIL

Why Are the Prices Decreasing?

We shouldn't complain and instead should grasp this welcome decrease with both hands, but it's always interesting to find out why the heating oil price is on deterioration. This is down to the decrease in crude oil and the purchase of stock on the increase. This has all contributed to the price we pay for our domestic oil prices.

We saw a steady decline in the prices of heating oil in October 2012. From mid-month the price per barrel really took a stable dive, which caused many households to stock up for the winter period.

Leave a Reply

Your email address will not be published. Required fields are marked *