Heating oil big drop

jeffk

https://www.boards.ie/discussion/comment/119148814#Comment_119148814

I asked electrican before and said its cheaper heating water then boiling a kettle (you would need 2-3 fills for dinner delph), so thats what we do, three times a day and if its hot for washing hands etc then its a bonus

Varik

About 10kwh of heat in a litre of Kerosene, so 14cent per kwh or thereabouts. Compared to electricity which would be double that now. Night rate is comparable to using kerosene but you might be able to use it more efficiently as if getting a late/early shower you're only going to have the electric shower just enough rather than having to heat the tank for 1hr or might be better using the last of the hot water in tank if you'd didn't need to top it up etc.

Heat pumps at temps to give decent efficiency would be a bit better than kerosene currently and better still if using night rate.

jeffk

We have a retro fitted Evohome system and just about have it right, whatever clowns put it in for ESB did a lot wrong and hot water tempature use to be like picking lotto numbers to get it too match what we set it too (controls beside each other and shouldnt an then sensor too low in tank)

I looked and night rate goes till 8am in winter and 9am in summer, so I have it on for 7am for a hour, then 30 minutes at lunch and a hour for dinner, sadly the Evohome system is basic so its 6 triggers only (so basically pick 3 windows for hot water)

Red Silurian

https://www.boards.ie/discussion/comment/118758759#Comment_118758759

This post did not age well

Mango Joe

Thread title needs work!!!

I've always gotten great advice on Boards over the years.

So, with the aid of your foresight, cunning and best judgement...What is the concensus right now, should I order 1300 litres of Kero for next September to May??

Are prices going to level/drop/skyrocket?!

Very importantly..... Are the Knackers going to be out again drilling tanks and robbing people blind again.This is huge for me as my Neighbour was hit a few years back. High prices brings this crap back doesn't it?

Also what utter Ar53holes are buying robbed home heating oil anyhow?

Atlantic Dawn

https://www.boards.ie/discussion/comment/119233166#Comment_119233166

Crude oil prices were the lowest for 3 weeks at the weekend, not sure how many weeks this will take to filter down to your local supplier. There's so many unknowns out there and possible madness that if it was me I'd buy 650 now and 650 in September rather than 1300 now. In reality nobody knows but by September the alternatives should be on stream and some degree of security back.

Oil tanks were being robbed of oil when it was less than half the current price, I'm sure it's still a target for thieves sadly.

Villa05

https://www.boards.ie/discussion/comment/119163809#Comment_119163809

Post was in March which was absolute peak price. Poster was correct

https://www.cheapestoil.ie/articles/trend

muffler

Prices seen to have risen (again) in the last week or so. County wide prices jumped by about 100 Euro per thousand litres. Across the border the price went up from 1.17 to 1.25 Euro a litre.

Varik

Crude prices are only part of it, still there's refinery capacity limits.

cute geoge

Agri diesel is back from a high last week of 1.58 to 1.52 today and wholesale prices seem to be back again a bit this week so should that filter into a small drop again for next week .Imo July will be probably be the best time to order as we head towards winter again ,look it was 90cent/litre before any war so anything up around 1.30 to 1.40 now is value

Villa05

https://www.boards.ie/discussion/comment/119233973#Comment_119233973

Plus euro:dollar

I'm roughly 2/3 full, and expecting a proper stock market crash later in the year, a crash brings down the price of everything, that may present a window of opportunity to stock up at a much lower price. That window will be short but keep an eye out for it. They usually happen in the autumn winter, but markets are so volatile, it could happen anytime.

Edit

Looking at solid fuel burners as a back up plan

SouthWesterly

Bought 500l a few weeks ago at 708. It's now 773.

It will see me through the winter with What I had.

macvin

Euro dollar and refining margins are probably of more importance than oil price.

Refining margins for diesel and kero are back over $65.

The hope is that more capacity comes from Asia and starts to cool the price.

The dollar also just may have turned according to some financial commentators and weaken. The US gov would like to see it drop as it's making US goods very expensive. You also have mid term elections coming and that will concentrate US minds on energy prices.

I'm not a heating oil user, but looking at and researching the fuel market since earlier this year, my relatively novice opinion is that prices will start to drop over the next few weeks due to a combination of events.

By how much is a million dollar question though

kindalen

Seems to be dropping a bit, wonder will price drops continue for few weeks?

Red Silurian

https://www.boards.ie/discussion/comment/119308016#Comment_119308016

500L of kero on corriboil website showing as €690 at the moment, fairly sure that was over €850 not so long ago

SouthWesterly

Paid 707 for 500l a month ago and predictably it's drops.

naughto

Will the budget do anything for it surly to f1uck it has to

Cape Clear

I wouldn't hold my breath. Government policy is to move away from oil. Was looking at something yesterday child benefit in 2008 was €26 higher per month or in the case of a household with 2 children €624 higher a year. That €620 would be a nice buffer against current fuel prices.

wassie

https://www.boards.ie/discussion/comment/119308057#Comment_119308057

Prices are back to where they were at start of June.

_Whimsical_

Oil prices are starting to slide on the international market as fears of a recession and that a global economic slow down will hobble demand. Oil slid to under 100 dollars a barrel this week in the US, first time since the start of May.

Not sure to what degree or when/if it will filter through to consumers but might be hope of lower prices coming down the track.

Red Silurian

https://www.boards.ie/discussion/comment/119308657#Comment_119308657

They recently cut the duty on diesel and petrol but there was no cut at the forecourts, they also gave a €200 electricity bill credit a few weeks before the billing companies upped their prices so due to corporate greed I'd say there will be targeted interventions rather than a general cut

Our local oil supplier has dropped the price of 1,000 litres by €50, to €1,350. I want to order oil before I go on unpaid leave, just trying to suss out when the best time to order might be!

avud

I'm sure they will take their time passing on any reduction in oil prices to the consumers, they don't be long passing on the increase in price however

SnuggyBear

This seems like it could be the best time to buy? I'm thinking of buying some now that might get me through the winter. If it drops more I will buy a little bit more that will definitely get me through.

Atlantic Dawn

The Euro to Dollar is killing things, below parity today, back in December it was circa $1.12 for a Euro.

https://www.boards.ie/discussion/comment/119331632#Comment_119331632

Antedotely, the first week of August is the time to "bite"......... the rate of exchange to the dollar is a big variable at moment.....I'm hoping we'll see €1250 per 1000ltrs by start August....... / still a lot but that's the 'go' of it for 2022

waxmelts2000

Is there another carbon tax increase due in August? My neighbour bought kerosene this week as he thinks there is

I'm trying to hold off for a while if I can

Red Silurian

https://www.boards.ie/discussion/comment/119334228#Comment_119334228

Fairly sure the carbon tax increase was brought in on the 1st of June but it coincided with a drop in VAT on utilities bills which I think is due to expire in August

hunter2000

It will be under the € a litre in another month. Greed and gouging and that virtue signalling is catching up.

Buffman

https://www.boards.ie/discussion/comment/119334559#Comment_119334559

It's already around 1€/l for 1000l delivered up in NI, shows how much we're getting shafted by around €350 per 1000l. (Cheapest in Dublin today for 1000l is around €1.36/l)