01/06/2026
Many people assume local suppliers set the price, but heating oil costs are mainly driven by global fuel markets.
Heating oil is made from crude oil, but its price can also be affected by demand for other fuels, shipping costs, and world events that disrupt supply. This means prices can sometimes increase faster than the oil prices you hear about on the news.
The good news? Prices don't only go up. When supply improves and markets settle, costs can come back down too.
A few ways to stay in control:
✅ Order before your tank gets too low
✅ Compare quotes from trusted local suppliers
✅ Keep your heating system serviced for better efficiency
✅ Look into energy-saving controls and upgrades
✅ Check whether local support schemes are available
Heating oil prices are influenced by global markets, and local suppliers are usually responding to those changes rather than causing them.
Information sourced from Oil Installer website.