{"id":742,"date":"2016-06-01T10:27:30","date_gmt":"2016-06-01T10:27:30","guid":{"rendered":"http:\/\/www.valueoils.com\/blog\/?p=742"},"modified":"2016-06-01T10:27:30","modified_gmt":"2016-06-01T10:27:30","slug":"heating-oil-cheapest-heat-home","status":"publish","type":"post","link":"https:\/\/www.valueoils.com\/blog\/2016\/06\/01\/heating-oil-cheapest-heat-home\/","title":{"rendered":"Heating Oil Is The Cheapest Way To Heat Your Home"},"content":{"rendered":"<p>Great news for <strong><a href=\"http:\/\/www.valueoils.com\">heating oil<\/a><\/strong>\u00a0users as reported by the <span style=\"text-decoration: underline;\">Fuel Oil News<\/span><\/p>\n<p>New industry figures show that despite a slow increase in <strong>heating oil prices<\/strong> since the start of 2016, the average annual cost of heating a home on oil has fallen again.<\/p>\n<p>According to the latest quarterly data from the Sutherland Tables oil remains by far the cheapest of all major home heating fuels.\u00a0 Although the sustained fall in <strong>kerosene prices<\/strong> may be about to end as prices begin to slowly rise, there\u2019s good evidence to suggest the cost of <strong>heating oil<\/strong> will remain low for the remainder of 2016 \u2013 and quite possibly beyond.<\/p>\n<p>The cost of heating an average three-bedroom home in Great Britain with an oil condensing boiler is now just \u00a3690 per year. That\u2019s 31% less expensive than mains gas, the second cheapest option which costs \u00a31,007 per annum; 52% cheaper than an LPG condensing boiler at \u00a31,448 per annum and 56% cheaper than electric storage heaters at \u00a31,588 per annum to heat the same average home. An oil condensing boiler is also substantially cheaper to run than any renewable heating option.<\/p>\n<p>OFTEC director general Jeremy Hawksley comments: \u201cConsumers are sticking with oil as the cheapest home heating fuel by far. Sales of oil condensing boilers have reached a nine-year high and we\u2019re receiving an increasing number of enquiries from gas safe technicians looking to expand into the oil market. The outlook for the oil heating industry remains positive.<\/p>\n<p>\u201cAn OPEC meeting last month ended without agreement to reduce oil production and with Iran keen to regain its former market share, it\u2019s likely that the current world over-supply will continue,\u201d added Jeremy.<\/p>\n<p>\u201cHowever, low prices have had some impact on production from US fracking and with increasing demand from China, there could be enough pressure to set prices rising, although probably not to anywhere near the highs we saw in Spring 2013.\u201d<\/p>\n<p>Visit our <a title=\"Heating Oil Prices\" href=\"http:\/\/www.valueoils.com\/heating-oil-prices\/\">heating oil prices <\/a>page for more information.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Great news for heating oil\u00a0users as reported by the Fuel Oil News New industry figures show that despite a slow increase in heating oil prices since the start of 2016, the average annual cost of heating a home on oil has fallen again. According to the latest quarterly data from the Sutherland Tables oil remains by far the cheapest of all major home heating fuels.\u00a0 Although the sustained fall in &#8230; <span class=\"excerpt_more\"><a href=\"https:\/\/www.valueoils.com\/blog\/2016\/06\/01\/heating-oil-cheapest-heat-home\/\">Read more<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/posts\/742"}],"collection":[{"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/comments?post=742"}],"version-history":[{"count":0,"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/posts\/742\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/media?parent=742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/categories?post=742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.valueoils.com\/blog\/wp-json\/wp\/v2\/tags?post=742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}