Home heating oil prices: how much does it cost and is it worth it?

When it comes to energy bills, we’re all looking to cut down on costs in order to save those all-important pennies.
But, while summer is finally in full swing, living in the UK means we’re used to the constant weather changes and extremities, and so must plan ahead to stay on top of our bills.
Doing your research now can mean huge savings later in the year, when your boiler and heating system is working at its hardest. We spoke to Rix Petroleum, a leading family-owned, independent fuel distributor, to find out more.

How does oil heating work?

For those not in the know, heating oil is an energy efficient way to heat your home. For properties with no access to a mains gas connection, around 4 million in the UK alone, heating oil remains the only fuelling option. It works in similar way to a gas boiler and is pretty simple. Instead of using gas, an oil heater uses an oil-fired boiler to heat water, which is then pumped around the house via the radiators to create warmth. An oil boiler also heats the water for use in the kitchen and bathroom and so provides little difference to homes.

When is the best time to buy heating oil?

No matter what heating solution you use for your home, it’s essential that you choose the right option for your needs. After all, in the same way that we’re all different, so are our homes! When it comes to heating oil prices, the price you pay is influenced by a number of factors. From the global changes in supply for crude oil to local demand and the weather, there are so many reasons why oil prices can skyrocket. Worldwide, oil production is controlled by the Organisation of the Petroleum Exploring Countries, or OPEC, who aim to keep prices stable, but checking before you buy is still the best way to get the cheapest price.
Keep your home heating oil bills as low as possible by planning ahead and ordering before you run out. Companies generally charge a premium for fast delivery, so take advantage of lower delivery costs and save your pennies by thinking ahead. Similarly, the concept of buy more, save more can help you to avoid paying more than you have to. If you have a large oil tank, ordering a larger amount now means you’ll benefit from a lower cost per litre.
So, when exactly is the right time to buy heating oil?
Traditionally, summer is the best time to buy heating oil. It’s simple – with it, winter brings a heftier demand due to the colder weather while, in summer, we can expect a reduction in heating oil costs. This is because the warm weather signals a decrease in demand, causing most suppliers to adjust prices in order to stimulate business.

How to get best deal on your home heating oil

When it comes to using heating oil for your home, getting prepared sooner rather than later can do wonders for your bank account. Despite the often-fluctuating world of petroleum oil, Rix customers can enjoy competitive prices, giving you the best possible deal. Their oil heating prices are available throughout the year on their website, so you can be sure you’re purchasing at the right time. Not convinced? Why not use Rix’s free instant heating oil quote tool to find out how much they can save you!

*Disclaimer- this is a collaborative post*

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