Development of heating oil prices - this is how you buy at the right moment
Anyone who has an oil heater and fills their tanks annually knows the problem. When to buy It is anything but easy to correctly assess or even predict the development of heating oil prices. But with the right information and targeted market observation, you have the chance to buy cheaply.
You can save by observing the development of heating oil prices
The level of heating oil prices depends on many factors. This is heavily influenced by the international oil markets, with the Brent variety being decisive for local heating oil. Speculators influence the price in the same way as political events and increased or decreased demand, which can be due to weather conditions, for example. All of this makes it difficult even for experts to predict price developments. But with a little information you can save some 100 euros, which can quickly come together with several thousand liters.
- In order to buy at the right time, you should keep an eye on the development, and not just for a short time before your supply runs out. Statistics that contain data from years of market observation allow you to find out what is likely to be the best Determine the period in which the heating oil prices are usually lowest and this period is already there reserve. You can find statistics by searching the Internet for key words such as “heating oil prices” and “development”.
- In general, it can be said that political crises in the Middle East usually always drive the oil price up. However, as soon as these appear, it is usually too late, as rumors of this kind are sufficient for a price-driving effect. Therefore, you should neglect this aspect and rather rely on statistics and simultaneous inquiries about the current prices.
- Follow the current price development closely. The prices usually rise and fall in stages. If you can see from one of the development curves that there is currently a phase of low prices, as shown, for example, on charts fastenergy.de immediately ask about the prices from delivery companies in your vicinity. Then go for the lowest price.
- In general, proceed in such a way that you only buy when the development of the heating oil price follows "normal" cycles and there are no international crises, etc. queuing, all of which can be found out through the media. Because then the markets usually react illogically and much more unpredictably than is already the case.
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Other measures can also help you save
- Remember that if you buy more of it, you will get the heating oil a little cheaper. So it can be profitable not to buy partial quantities, but several 1000 liters at the same time. It may be worthwhile to buy with a couple of neighbors. However, you should be aware that you may be liable for your neighbors if they do not pay.
- Calculate exactly how much oil you need or how high your consumption is and how long the remaining amount will last. In a pinch, you can stay calm in a prolonged high price phase and wait with the purchase because you are then sure that it will last a while. If necessary, the price then falls again.
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