Get Ready for $150 Oil
The U.S. economy is never completely ready for higher oil prices, which is one reason they take a nasty economic toll when they arrive. But readiness can be enhanced by awareness of the likely outlook for petroleum prices–and the outlook today is relatively grim, although probably not disastrous.
Despite the recent 20% decline from April highs, new highs on crude, heating oil, diesel fuel, jet fuel and gasoline seem likely over the next 12 months. Following some further easing over the summer, the second leg of the long-term bull market in petroleum–the first occurred in 2007-08–probably will begin this fall.
Home Heating Oil Uk - News
Despite the recent 20% decline from April highs, new highs on crude, heating oil, diesel fuel, jet fuel and gasoline seem likely over the next 12 months. Following some further easing over the summer, the second leg of the long-term bull market in
Investors worldwide anxiously awaited a confidence vote on the Greek government yesterday, as mixed markets sent crude prices up and heating oil prices down. (image: citywire.co.uk and Nicholas Whitaker for ) Crude and heating oil prices
Meanwhile, home heating oil prices yesterday dropped to a four- month low of around Pounds 517 for 900 litres. A spokesman for the comparison website cheapestoil.co.uk said that price reductions have been "small but consistent" over the past two weeks.
With the price of commodities such as heating oil often unpredictable, people may find they are able to get a better deal by participating in a group buying scheme. Individuals could take advantage of arrangements such as 's buying weekends,
He said soaring oil prices were hitting heating oil customers and dealers alike. “Despite the fact that it's summer, the average price for a gallon of home heating oil is currently $3.10,” Trunzo said last week. “For the nearly 2.6 million New England
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Now could be an excellent time to get involved in such a scheme, as BoilerJuice's UK Price Tracker shows the cost of the commodities is at its lowest point for a month today (June 28th), while this trend may continue due to recent moves by the International Energy Agency to boost supplies of oil products by releasing reserves over the next 30 days.
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