Oil prices are continuing to drop and it doesn’t look like there will be any massize change in the trend for a while yet says OFTEC report.
Why not take advantage of favourable market conditions and replace that tank with a crack in it, upgrade the size and buy even more better!
Not sure about the facts? Â Gen up on the report below:
“According to the latest quarterly data from the Sutherland Tables, a recognised independent source of comparative UK domestic heating prices, oil remains by far the cheapest of all major home heating fuels, with average annual costs in Great Britain falling 10% in the last quarter to just Â£840.
By comparison, the average annual heating cost for the same three bedroom home with electric storage heaters rose by 9% to Â£1910 â€“ 127% more expensive than heating oil â€“ with further electricity price rises on the horizon this September for many households.
Oil is also currently 13% cheaper than mains gas (Â£967 per annum), 44% less expensive than LPG (Â£1524 per annum), 34% cheaper than biomass (Â£1283 per annum) and 50% less expensive than air source heat pumps using radiators (Â£1681).”