Why Do Prices Change So Often?

Heating oil prices can rise or fall quickly, depending on a range of global and local factors.

📉 Why do prices change so often?

The price you pay for heating oil is closely tied to the cost of crude oil, which fluctuates regularly. These fluctuations are driven by a number of factors:

Global influences

• International conflicts and wars
• Political instability or government policies
• Acts of terrorism or piracy affecting oil supply routes
• Natural disasters disrupting production or supply chains

UK-specific factors

• Weather conditions affecting delivery or demand
• Seasonal changes, especially during cold snaps
• Interruptions to supply such as industrial action or incidents like the Buncefield explosion

 

💬 Still have questions?

Our team is here to help, call us on 01480 775454 or check out our Tips and Advice articles.