2024-05-02 17:35:24
Berlin. The heating oil price on 2 May 2024: Is the price per liter currently rising or falling? Is it worth buying heating oil today? The overview.
Consumers who fire up heating oil have recently been spared major price jumps: despite international crises, increased CO2 taxes and extra tolls Fuel oil prices stable. But should you order now or wait for another price drop? How much fuel oil today, May 2, read our overview.
Heating oil prices 2 May: Current liter prices today
Depending on the supplier, fuel oil prices may vary slightly. There are also different types of fuel oil – you will have to pay more for the premium oil than for the standard version. However, there are average values that consumers should know for comparison. The table shows the prices per litre different providers and comparison portals. But the same applies here: The Fuel oil prices change regularly. We update the table daily.
Suitable for: Fuel oil prices until 26 April
At the beginning of April, heating oil prices were up to five cents per liter higher than today. For a normal order quantity of 3,000 litres, this amounts to a price difference of an impressive 150 euros. Recently, however, there were hardly any Changesas our table clearly shows.
Also read: Heating oil prices 2024 – industry insider gives first forecast
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Fuel oil prices in Germany: Expert classifies – who should react
“Prices in the German heating oil market are now below 100 euros for the first time since March. […] You have to look back to July last year to see permanently lower prices,” said Steffen Bukold in his Comment for “esyoil”. The expert therefore advises consumers: “If you have to order soon anyway, you can find attractive conditions at the moment.”
Data comes from HeizOel24 (as of 2 May 2024)
Fuel oil prices at a glance: Forecast and development – you should be aware of this now
Forecasting heating oil prices is difficult – especially because international crises and price factors are difficult to calculate. Fuel oil prices in recent months and years provide guidance. Heating oil tends to be most expensive in the cold months because demand is high then. Cheap deals for consumers with a Oil heating is available in spring and summer. In the table below we have averages Fuel oil prices the last twelve months.
In addition to the time of the order, the supplier also plays an important role. Many homeowners and… Landlord order from your regular dealer – proximity to your home is often a reason. But a comparison is worthwhile, especially in times of fluctuating energy prices. Comparison portals such as “esyoil” can help. The cheapest offer is determined based on information such as postcode and required quantity. In addition to the cost of heating oil, you should always keep an eye on possible additional costs such as a fixed price per kilometre.
Frequently asked questions about heating oil prices
What factors determine the price of fuel oil?
Fuel oil prices are affected by various factors – these include:
- International crude oil prices
- Exchange rates
- demand and supply
- Weather conditions such as heat
- Political events such as the Ukraine conflict
Why do heating oil prices fluctuate?
Fuel oil prices can fluctuate a lot – also because they are closely linked to crude oil prices on international markets. These, in turn, can be strongly influenced by global events such as political instability, weather conditions, changes in financing policy and changes in demand.
How can I reduce heating costs?
There are several options – these include:
- Improving the energy efficiency of the house – for example through insulation
- Use of energy-saving devices and lamps
- Regular maintenance of the heating system
- The conscious handling of the room temperature
When is the best time to order fuel oil?
In general, heating oil prices can often be lower in the summer. In these months, demand tends to be lower than in winter. However, it is important to note that other factors, such as geopolitical events or changes in crude oil production, can affect this overall trend.
Where can you find the current price of fuel oil?
Current heating oil prices can be found on various comparison portal websites. Local fuel oil dealers can also provide information. Please note: The information is always up to date and subject to change.
Does it make sense to order larger quantities of heating oil?
Buying fuel oil in bulk can often result in lower prices. Because many providers offer volume discounts. However, you should also take storage capacity and consumption into account.
How do currency fluctuations affect fuel oil prices?
Because crude oil is generally traded in US dollars on the global market, exchange rate fluctuations can have an impact on fuel oil prices. For fuel oil customers, this means: If the euro increases in value against the US dollar, this can lead to fuel oil becoming cheaper for consumers in the euro zone – and vice versa.
How can I protect myself against rising fuel oil prices?
Some heating oil retailers offer contracts where consumers can agree a fixed price for a specific delivery quantity over a specific period of time. This can protect against future price increases – but also entails the risk of having to pay more if the fuel oil price falls again. In addition, efficient heating systems and good insulation can reduce consumption and thus fuel costs.
How useful are online price comparisons for heating oil?
Online price comparisons for heating oil can be very useful for getting an overview of the current prices from the various suppliers. They make it possible to find the cheapest offer and check whether the prices in the respective region correspond to the general market trend. Nevertheless, in addition to the price, the quality of the fuel oil and the reliability of the supplier should also be taken into account. Sometimes there may be additional costs such as delivery fees, which are not always included in the original price.
What should you pay attention to when ordering heating oil?
Heating oil customers should consider several points when ordering – these are:
- Current heating oil prices and possible price changes
- Expected consumption and storage capacity
- Fuel oil quality The quality of the fuel oil – this must meet the requirements of the heating system
- Additional costs such as additional delivery fees may apply.
- The supplier must be recognized and the delivery process must run smoothly – good preparation is important
How does the CO2 price affect heating oil prices?
The price of CO2 certificates is an important factor in the cost of fossil fuels – including heating oil. If the companies have to pay for their CO2 emissions, this leads to higher costs for the production and delivery of fuel oil. Businesses usually pass these additional costs on to consumers. Therefore, an increase in the price of CO2 can also cause heating oil prices for homeowners to rise. Economical heating systems or purely renewable systems such as heat pumps can be an alternative.
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