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"Do any of you use oil for your heating? Ive been monitoring the Brent price and the news as we heat by oil. Looking at the build up of forces near Iran I took the plunge and ordered my top up tonight at 64 pence per litre. Whats your strategy? " I keep my tank 3/4 full, to allow me to buy during the drops; not that there are so many at the moment. Also, heating oil prices are not linked only to crude oil. They’re also linked to diesel demand, heating stocks in the US, and forecasts / actual weather in North America (in particular). Keep and eye on this site… though there can be a week’s delay or more between commodity price changes and retail price changes https://tradingeconomics.com/commodity/heating-oil | |||
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"Whatever I say. One of my let properties is a rural farm house in s Wales uses oil but it’s just not worth obsessing over. Always seemed to be the fault of anything for rising prices, from foot & mouth to Take That splitting up" That bloody Gary Barlow! | |||
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"Do any of you use oil for your heating? Ive been monitoring the Brent price and the news as we heat by oil. Looking at the build up of forces near Iran I took the plunge and ordered my top up tonight at 64 pence per litre. Whats your strategy? Smart move. It's around the £1.20 mark now i understand " | |||
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"64p/L in october last year quoted £1.42 today for 3000L. So its heating thermostat way down and immersion heater going on, until things improve " Yep, my tank is down to about 1/5th, so I've reset the on/off times for heating and just ordered a mains socket timer for the immersion so I can stick it on for a couple of hours during the early hours on the lower EV tariff period. | |||
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