Oil Can
Why Are The Cheapest Oil Prices On The Stock Market Not Reflected By The Cheapest Oil Prices For Home Heating?
A question often asked is "why is home heating oil not the same price as it was when crude oil was this price?".
Such a question made headlines in NI (Northern Ireland) in late 2008. A home heating oil website that monitors the cheapest oil in Northern Ireland looked into whether there is a case to answer.
There may be discrepancies but the biggest reason for the difference is in the exchange rates (as oil is priced in dollars).
In November 2007, $64 would have been just over £30. In November 2008, $64 would be around £40. This sort of difference alone would mean oil priced at £300 in Northern Ireland one year could cost £400 the following year in Northern Ireland.
If the price of crude oil remains steady and the pound gains strength against the dollar then there is no reason why we can't see even cheaper home heating oil.
For the UK, including Northern Ireland, the big question should not be how many dollars a barrel of oil is but how many pounds a barrel of oil is. Although the crude oil price has dropped quite a bit, consumers haven't got the full benefit of it because oil is priced in dollars and the pound has been weak recently against the dollar. For example, anything that cost US$45 would translate as £22 in the summer but cost £30 now so the exchange rates have been working against the price drops of oil.
However there is only so far it can go. Oil distributors, including those in Northern Ireland, would be quick to point out that they sell kerosene, not crude oil and that other cost factors need to be taken into consideration. If the price of a barrel of oil was free, that doesn't mean someone is going to get it refined into kerosene and deliver it to your house for free. There are costs that are going to be more static than the stock market prices.
About the Author
Cheapest Oil Limited is behind the Most Popular home heating oil website for Northern Ireland.
Oil Can
 |
 EXQUISITE ANTIQUE VICTORIAN WALFORD GRAHAM ROBERTSON SIGNED BEAUTY OIL CAN 1909  US $895.00
|
 ANTIQUE IMPRESSIONIST WOMAN PORTRAIT OIL PAINTING AMERICAN ASHCAN ASH CAN SCHOOL US $795.00
|
 A Girl with a Watering Can Pierre A Renoir Reproduction in Oil 40x29 US $425.00
|
 Large Art Deco Hand painted Animal Horses Oil Paintings On Canvas Can068 US $249.99
|
 W SHELDON HORTON 1919 2010 CLAREMONT CALIFORNIA ARTIST CHOUINARD SCHOOL OIL CAN US $245.00
|
 Antique Oil Painting George A Holmes Cant You Talk Child with Collie US $242.50
|
 European Art Vintage Oil Painting Still Life Tin Can Seashell Turtle US $240.00
|
 1884 VICTORIAN BOWL OF VIOLETS OIL ON CAN FRAMED LOVELY US $225.00
|
 VINTAGE STILL LIFE COMPOSITION OIL PAINTING BOTTLE CAN LEMON CUP US $220.00
|
 Huge Hand painted Contemporary Animal Tiger Oil Painting Fine Art by Adam Can065 US $208.00
|
 30X40 HQ HAND PAINTED ANIMAL TIGER WALL FINE ART OIL PAINTING ON CANVAS CAN082 US $199.99
|
 LARGE WALL CONTEMPORARY MODERN ANIMAL HORSE OIL PAINTING FINE ART BY ADAM CAN023 US $199.99
|
 CONTEMPORARY HAND PAINTED TIGER ANIMAL OIL PAINTING WALL FINE ART BY ADAM CAN063 US $199.99
|
 FREE SHIPPING FINE ART HANDMADE ANIMAL COW WALL OIL PAINTING ON CANVAS CAN012 US $199.99
|
 Original Oil Painting GOTH MAN and WOMAN Dark Impressionist Piece STRETCHED Can US $199.00
|
 Stretched On Wooden Box Art Handmade Animal Horse Oil paintings On Canvas Can023 US $169.99
|
 VINTAGE STATE OIL PAINTING FRUIT STILL LIFE SIGNED NICE COLORS can pick up NJ US $169.00
|
 Framed Handmade Contemporary Modern Horses Animals Fine Art Oil Paintings CAn048 US $159.99
|
 Framed Wall Art Hand Painted Abstract Zebra Animals Oil Paintings Canvas CAn045 US $149.99
|
 Taylor Catch Me If You Can Original Signed Oil on Cardboard US $149.00
|
 20th C Young Girl w Watering Can Impressionist Oil Art US $144.99
|
 Framed HQ Wall Art Hand painted Animal Horse Oil Painting On Canvas Can027 US $136.99
|
 Art Hand Painted Modern Running Horses Animal Wall Oil Painting On Canvas Can015 US $119.99
|
 Large Art Hand Painted Modern Horses Animals Wall Oil Paintngs On Canvas Can005 US $119.99
|
 Oil On Canvas Signed but I cant make it out US $65.00
|
 Modern Oil Painting Beer Can w Flower US $45.00
|
Why did the price of synthetic motor oil go up?
If the price of gasoline and oil is based on the price of a barrel of oil, then why did the price of synthetic motor oil go up? Since the prices have gone up over the years, I can understand why conventional motor oil would go up in price. But, I don't understand why the synthetic price would go up. Is this just another way for the big oil producers to gouge us. ExxonMobile's Mobile 1 product has doubled in price so I'm curious why.
Synthetic motor oils are more expensive to manufacture than conventional motor oils.
What Fish Oil Can Do for You
we have several Oil Paintings at home. some are even vintage old paintings that dates back several decades ago ”
the good thing about Oil Paintings is that they last very long, they can even last for generations “`’