Current Heating Oil Price – How much does heating oil cost today?
- The heating oil price is 123.87 € / 100 liters
A standard 3,000-liter delivery currently costs about 123.87 cents per liter of heating oil on average nationwide. On Wednesday, the price of heating oil was 127.60 cents per liter.
Oil price evolution – important things at a glance
- DOE: US crude oil drops, more gasoline and distillates, demand falls
- According to the analytics, the EU price cap may not have any consequences
- OECD Outlook for 2023: Slowing Growth but Probably No Recession
- Expect lower turnover due to Thanksgiving
- Brent Crude at $84.94 / Gasoil at $913.75
- Euro at 1.0435 dollars
Factors affecting oil prices
▲ The United States imposes new sanctions on Iran and Iranian oil exports
▼ The EU’s cap on Russian oil prices may not have any consequences
▼ China adheres to a strict “zero covid” strategy
The EU price cap is causing oil prices to fall – but in a different way than expected
If the Russian oil price ceiling in the European Union comes in the form that was leaked yesterday during the talks between the EU and the G7 countries, it is unlikely to have any consequences. Because the calculations behind that are clear: The cap could be anywhere from $65 to $70 a barrel, but Russian oil is currently only trading at around $65 anyway. So Moscow has long been in an economic reality that the lid still wants to create.
However, the irony of this potentially toothless tiger is that it still had an impact on oil prices yesterday. If the cap continues without consequences, analysts assume that Russia will refrain from supply-side measures and pressure on the market will not increase further. This caused Oil prices to drop sharply yesterday.
In addition, the Department of Energy continued the trend with regard to US inventories: demand clearly decreased again, while gasoline and distillate inventories clearly increased. Although crude oil inventories have declined, this can clearly be attributed to increased refining activity – that is, the processing of crude oil into gasoline or distillates.
With Thanksgiving and the subsequent Black Friday in the US, trading volume is significantly lower today and will likely remain lower through the weekend. This in turn means that oil prices may be more volatile. After all, fewer trading decisions have a greater impact on an individual. This is why heating oil buyers should quickly seize the opportunity and fill their heating oil tank at a reasonable price.
Stay up to date with our heating oil news about all the impacts on current prices of heating oil and crude oil and learn about our information Heating oil price page Determine the best time to purchase heating oil at regionally reasonable prices.
Our tips: By using CO2 offsetting heating oil, you reduce your CO2 tax stress, lower your emissions and offset your remaining CO2 emissions. For a little relief in view of the high prices, you can use when ordering heating oil Heat & Spar Hold +. Take advantage of many benefits and monthly payment method.
Oil prices on the commodity futures exchange:
All data without warranty. You can find more current listings every day on our websiteHeating oil price page.
Buy heating oil from TotalEnergies – uncomplicated and fast
Large deliveries of heating oil can quickly become expensive. Thank us heat and save+ Heat calculations You can benefit from the monthly repayment installments without completing the heating oil installment purchase. This way you retain complete financial flexibility. As a Heiz & SPAR + customer, you can also take advantage of exclusive benefits and can, for example, get up to two fuel cards and save on filling up. In addition, we offer you OilFox at a preferential price. More information You will find here. If you want to monitor the development of oil prices in order to determine the right time to buy heating oil, it is best to use Price notification and the Asking price for heating oil.
In addition, it is useful in our section It’s all about heating oil stop for. In addition to special customer campaigns where you can save money, we also give you helpful checklists to help you order and deliver heating oil.
Did you know that the federal government’s climate package does not categorically rule out operating oil heating systems after 2026? Existing oil heaters can continue to operate. When the heating system is upgraded, an oil heater can be installed again, provided it is supplemented with renewable technologies such as solar thermal energy or photovoltaics. The same applies to new buildings! If the integration of these technologies is not economical, the oil heating system can continue to operate as before or be newly installed.