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Home Heating Oil

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  • 03-11-2014 7:14pm
    #1
    chimmy chonga
    Closed Accounts Posts: 185 ✭✭


    Last week I got a quote €386 for 500ltrs of Kerosene today when I called to order I was quoted €398. Has world oil prices suddenly risen again? or is it just that time of the year when prices increase with demand?


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    #2
    Kristopherus
    Registered Users Posts: 11,907 ✭✭✭✭Kristopherus


    If you're in the Isle of Man, posting on an Irish website is not going to get you the answer you are looking for.


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    #3
    punisher5112
    Registered Users Posts: 24,644 ✭✭✭✭punisher5112


    Shop around it is that time of year as you said they will increase as demand is there


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    #4
    chimmy chonga
    Closed Accounts Posts: 185 ✭✭chimmy chonga


    Kristopherus wrote: »
    If you're in the Isle of Man, posting on an Irish website is not going to get you the answer you are looking for.
    So I should order my home heating oil in the IOM for my Mother's house in Wexford?


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    #5
    chimmy chonga
    Closed Accounts Posts: 185 ✭✭chimmy chonga


    punisher5112 wrote: »
    Shop around it is that time of year as you said they will increase as demand is there
    I did shop around and that was the cheapest I could find. Most suppliers are around €400/€420 mark. Seems mad when Oil prices are at an alltime low.:mad:


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    #6
    punisher5112
    Registered Users Posts: 24,644 ✭✭✭✭punisher5112


    1000litres prob cheaper as costs higher smaller amounts


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    #7
    dobsdave
    Closed Accounts Posts: 1,814 ✭✭✭dobsdave


    http://www.cheapestoil.ie/heating-oil-prices/Wexford.aspx


    Campus oil listed at 384? may not be near you.


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    #8
    L1011
    Registered Users Posts: 69,052 ✭✭✭✭L1011


    chimmy chonga wrote: »
    I did shop around and that was the cheapest I could find. Most suppliers are around €400/€420 mark. Seems mad when Oil prices are at an alltime low.:mad:

    Oil prices are twice what they were a few years ago - this is not an all time low by any means.

    Prices vary day by day, everywhere. Everywhere was well over 400 a few months ago, though.


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    #9
    ytpe2r5bxkn0c1
    Closed Accounts Posts: 32,688 ✭✭✭✭ytpe2r5bxkn0c1


    MYOB wrote: »
    Oil prices are twice what they were a few years ago - this is not an all time low by any means.

    Prices vary day by day, everywhere. Everywhere was well over 400 a few months ago, though.

    Oil is not twice what it was a few years ago. Nov 2011 was 832 per 1000, today 778.


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    #10
    chimmy chonga
    Closed Accounts Posts: 185 ✭✭chimmy chonga


    dobsdave wrote: »
    http://www.cheapestoil.ie/heating-oil-prices/Wexford.aspx


    Campus oil listed at 384? may not be near you.
    Thanks for that they appear to be the cheapest ☺


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    #11
    chimmy chonga
    Closed Accounts Posts: 185 ✭✭chimmy chonga


    MYOB wrote: »
    Oil prices are twice what they were a few years ago - this is not an all time low by any means.

    Prices vary day by day, everywhere. Everywhere was well over 400 a few months ago, though.
    I still feel we're being ripped off - I read somewhere that people are not buying oil like they used to and are instead swapping over to solid fuel. So why so many oil distributors? must be very lucrative.


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    #12
    Iranoutofideas
    Closed Accounts Posts: 1,083 ✭✭✭Iranoutofideas


    was quoted 425euro about a month ago. Waited a few weeks and got it last week for 390euro

    500l kerosene


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    #13
    ytpe2r5bxkn0c1
    Closed Accounts Posts: 32,688 ✭✭✭✭ytpe2r5bxkn0c1


    You can view price trends here.
    http://www.cheapestoil.ie/articles/trend.aspx


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    #14
    L1011
    Registered Users Posts: 69,052 ✭✭✭✭L1011


    Edward Young Ginkgo wrote: »
    Oil is not twice what it was a few years ago. Nov 2011 was 832 per 1000, today 778.

    Consumer kerosene prices != "oil prices", not generally and particularly not in the context that was quoted.

    Crude oil is still twice what it was a few years ago. Add higher taxation to that and that's why prices aren't as low as people seem to believe they should be.


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    #15
    delahuntv
    Closed Accounts Posts: 1,532 ✭✭✭delahuntv


    in 2009 oil was $40/barrel.

    Prices will fluctuate weekly.

    Cost of a litre of raw oil at present is about 43c (barrel = $85, exchange rate 1.25, 159 litres in barrel)

    Then it has to be refined -

    Its easy to refine about 35% of raw oil into diesel/kerosene and about 40% into petrol.

    However in the winter, demand for kerosene / diesel rises substantially (more trucks on road, home heating and electricity generation) over this level so kerosene/diesel has to be "made" and this is far more costly than the normal refining process.

    On average, refining costs and delivery to port can cost up to 8c a litre. - running total 51c

    Then add in distributor/retail margin of about 11c. - running total 62c

    Then add in carbon duty of 5c - running total 68c

    Add 13.5% vat 77.2c - thus you come to about €772 per 1000 litres

    You'll find there will be extra delivery charge for smaller quantities.


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    #16
    Kerry Gooner
    Registered Users Posts: 248 ✭✭Kerry Gooner


    Recently purchased 500 Ltrs of Kerosene for €390, same amount bought in Sept 2013 was €445


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