Cheapest Oil Price in 3 Years: The Time to Buy is Now

The price of oil has undergone a radical drop in recent months. Remarkably, cost has decreased by nearly a quarter in only 6 months; with prices falling from $115 (£73) per barrel in summer to around $84 (£53) per barrel in November.

Of course, before getting too excited, it’s important to keep in mind the reality of the situation. In the last 6 years, the market has seen a number of commodity crashes, followed by spikes in prices; and to say that the oil market is unpredictable at present is an understatement.

Making the most of the cheapest oil prices in months

Due to the volatile nature of the oil market, it’s always advisable to seize the opportunity to buy in bulk when prices are low. It’s a time when there is real money to be saved and it’s a good idea to act quickly in order to obtain the cheapest oil price possible.

However, don’t trust that the savings will be automatically passed on to you. Fortunately, there are plenty of reputable heating oil distributers who will act decently and ensure that you benefit from the lower wholesale prices. However, the ‘rocket and feather’ effect is occasionally felt by the general public; the general feeling that prices will ‘rocket’ upwards rapidly when oil prices go up, but descend as slowly as a ‘feather’ when they go down, which means that consumers don’t reap the full benefits of the reduced costs.

Do your homework when you buy heating oil

Of course, you need to act relatively quickly when oil prices are low, to ensure you make the most of the excellent prices. However, it still makes sense to do your research and to ensure that you’re purchasing from the right supplier.

Here are a few things to consider when researching the market:

• Who offers the best price? Money should always be a top priority. Sometimes, it’s a good idea to phone the company in question and ask about bulk prices, which will always be considerably cheaper than buying in small amounts.

• Can they offer consistently lower prices? Don’t necessarily opt for the company that has the lowest prices at that particular time. It makes better sense to select a heating oil supplier than offers consistently good prices, and is always firmly focused upon passing savings on to their customer.

• Can they offer swift delivery? Some companies will offer cheaper prices, but there will be drawbacks, such as longer delivery times. For most, this isn’t terribly practical, especially when you need the heating oil in a hurry in order to heat your home. Look for a company that offers quick delivery, plus a faster option, if required.

Value Oils: Passing the savings on to our customers

Value Oils take pride in keeping things fair. If the wholesale price of oil comes down, so do our retail prices; and we always aim to offer highly competitive deals, especially on bulk orders. If you want to find out more about our oil prices.

We provide a wide range of services from boiler cleaning to oil spill clean-up and gas boiler servicing. We can easily help you with all your oil needs by visiting us at: http://www.valueoils.com