What's New? KEEPING YOU UP WITH PRODUCT CHANGES & NEWS
January 6th 2015: Brent Crude has fallen to below $50 per barrel, the lowest price for 6yrs. Let's look at what the term "Brent Crude" means: Brent Crude is a major trading classification of sweet light crude oil that serves as the main benchmark price for purchases of oil worldwide. The grade is "light" because of its low density, and "sweet" due to its low sulfur content. Why have oil prices dropped? In 2012 the USA consumed approximately 28% of the worlds oil production. China's industrial growth was at its peak and was in second place at around 10% (almost a 100% increase in 4 yrs) If China's growth continued, it could be on par with the USA usage by 2024. BUT..... the USA, realising it could be 'held to ransom' by the Middle East, & Russia (the worlds largest oil fields), decided to embark on 'fracking' (the practice of releasing pockets of oil & gas via use of water, sand and chemicals forced into the ground under incredible high pressure jets which forces oil and gas to the surface.) This process is 'threatening' to provide USA with 85% of it's oil consumption. This has led to an surplus of oil from the OPEC countries. In turn, they been forced to drop the price per barrel to encourage refineries to increase their stocks. This has had limited results so the price fell even further. At less than $80 per barrel, it attracts USA purchasers since it costs them around $84 per barrel to produce oil from fracking. The reality is that $80 per barrel is not sustainable for any oil producer. My view is that the price will remain low but settle at around $84 per barrel which is just sustainable. The belief that China could take up all the supply that the USA once consumed has also stalled. The Chinese industrial growth spurt has hit a plateau which could see little growth over the next 5 yrs. So what does all this mean for us here in the UK? I think that oil and gas prices will remain relatively stable over the next 18 months or so at some of the lowest we have seen for 5 or 6 yrs. Heating Oil purchased in bulk will hover around the mid 45ppl but not see the highs of 55ppl of the past. Is this all good news? Well, maybe not! With Russia and the Middle East making little to no profit from their oil revenues, their economy will down turn. This means their people will get poorer and will buy less goods from European countries, in turn that can affect our economy's recovery. However, with Oil costs contributing to keeping inflation low, the UK could be one of the 'survivors' of the European economy, but it will depend on many other factors. MEANWHILE, enjoy the low Oil & Gas prices and have a great 2015.
1st January 2015: HAPPY NEW YEAR: The London Fire works were fantastic!
So far we have had a very wet but mild winter, Oil & Gas companies are reporting a 7% to 9% decrease in sales during 2014 but due to our rapid increase in new customers and our continued orders from repeat customers, we are pleased to say that our sales are up by a whopping 87% across the board and just keep growing. We have increased yard staff, office staff and vehicles to deal with the growth. We benefit from excellent relations with Flo Gas, Solid Fuel Suppliers, equipment providers & of course our Oil suppliers who pull out all the stops for us during periods of heavy demand which ensures that we always have stock ahead of anyone else and are able to supply our customers as top priority at the lowest prices.
CHRISTMAS 2014. Well, here we are again, the year has flown by ! We have continued to expand our business and customer data base with rapid growth! Our focus on customers needs and customer care continues to pull in direct recommendations from existing customers, attracting new customers for all the products we supply. 2014 also saw a huge expansion into supplying oils for farmers and Red Diesel for the construction industry. Over 2014 we kept to our 100% record of same day deliveries to customers who were at home. Unfortunately, some people who order and are "desperate" for delivery, forget and fail to be there to take delivery. But we re-arrange as soon as we were able to re-establish contact with the customer. The heavy rain has taken its toll on our yard and a much needed planned makeover is scheduled for the Spring. Oil prices are dropping due to the USA producing much of it's own oil, with the prospect of freeing up oil supplies across the rest of the world, lowering prices. This may be good news for many of us but it could create instability in Russia and the Middle East. Watch this space.
A Very Merry Christmas to you all.
OIL MARKET UPDATE 12/10/2013
The UK has benefitted from low oil prices over the last month but that’s all about to take a dramatic turn with oil prices rocketing over the next few weeks.
During the US government ‘shutdown imposed by government employees’ America has been consuming around 28% less oil than normal.
As the worlds largest consumer of oil, the USA has a big impact on world prices including those felt here in the UK.
Due to the low demand in the USA over the past 18 days, there has been a surplus of oil on the market and this has kept the price artificially lower than it would normally be for this time of the year. Obama and government workers now seem to be in discussions which will end that ‘standoff’. Once American government workers are back to work, oil consumption will resume to normal levels and demand will be around 15% higher than normal as things catch up. This will have the ongoing affect of rocketing prices as demand will outstrip supply
Time is ticking away for the US and they are fast approaching next weeks deadline to avoid ‘sovereign default’ if they don’t resolve the issue. This would mean that the USA defaults in paying it’s bills and would throw the world markets into decline, weaken the $ as the worlds trade currency and could even see the emerging dominance of the Chinese as the worlds leading currency. The other option Obama has, is to agree a 6 week temporary plan to increase the ‘debt ceiling’ to buy some time. This means that it would negotiate with it’s creditors for a further 6 weeks before the debts have to be paid, a sort of ‘extended overdraft facility’ where the overdraft has been reached but is allowed to grow for a short while with the expectation of everything going back to ‘normal’ within that period. This is a risky strategy which Obama is opposed to, for if the ‘crisis’ still remains unresolved after the extended period, the USA would lose credibility, have it’s economy down graded by world markets and remove the US $ as the world market currency.
SO, WHAT CAN WE EXPECT HERE IN THE UK?
I’ve been involved in UK energy analysis for over 25yrs and my reading of this is as follows: I think we have a very small window of low prices: 2 to 5 days from today.
Within days of the US government agreeing to go back to work as normal, prices will rise here in the UK by between 2p and 6p per liter.
That could see prices going over 60ppl for heating oil for the first time this year, possibly to as high as 68ppl. in a matter of weeks.
My advice, buy your heating oil NOW and buy as much as you can afford or your tanks can hold.
Currently the oil markets are closed until Monday so any price you get this weekend will probably take into account these coming factors and your target price should be 59ppl or lower.
Terrington Gas and Fuels are taking a calculated risk over the weekend to hold their prices at 57.5ppl (1.5p below most prices) due to the close working relationship with the national oil suppliers who hold the largest oil stocks in the UK which will ‘insulate’ them (and our customers) from price rises for a day or so over other suppliers. Obviously, if we have this wrong, then we stand to lose money on every order but our customers still benefit. It all depends on what news comes out of Washington over the weekend.
17/9/13 Market Update: Propane Gas prices remain stable for now with no threats of imminent increases. Our prices remain the same as last year and our registered customers continue to benefit from this. The threat of military action on Syria earlier in the month increased oil prices at a time when prices should have remained low. Once the threat of military strikes was withdrawn, prices fell for a short time but the demand for oil is now high, early in the winter season. Demand drives prices up but our customers continue to benefit from our low prices, backed by the deals we have struck with the UK's largest oil providers. This week for 1000lts on a standard delivery time, by tanker, we have been as much as £60 cheaper than our nearest competitors. We know this thanks to customers telling us so. Unlike most oil providers we do not ask you "what have you been quoted by others" or "if you get a better price, come back!" These 'tactics' are saying nothing more to you than they will charge you as much as they think they can get away with. What we do is honest and straight forward. We give ALL our customers the lowest prices we can based on the market oil prices for that day. Invariably we are cheaper, much cheaper, than others, especially in the colder periods where others load their prices when demand is at it's highest and when you are in need most. In the Summer when the greedy oil suppliers have full stocks they haven't sold at high prices, they sell at a loss to keeps drivers employed. On these rare occasions, we can be beaten on price so we understand if you shop around to get the best deals, it is, after all what I would do too, but remember that when you are most in need we are there, with the lowest prices and the highest service. Long range weather forecasts are expecting early snow in the next few weeks. If this happens it will be one of the earliest snow falls for decades! BRRRRR! still, the kids will love it!
2/9/13 - It's started! Yesterday saw a big increase in oil orders and despite the warm weather, oil orders are coming in thick and fast. We are geared up for a 200% increase in sales of oil this year as our customer base is expanding exponentially, mostly from recommendations. With the fast expansion of new customers added to our existing customers, together with our Budget 4 Warmth scheme, this season is shaping up to being hectic. We are training up new staff this week to do oil deliveries. We have expanded our delivery 'pump sets' from 2 to 5. This year we are providing both "sub" 500lts (small orders from just 100lts TO 500lts, delivered same day) and also bulk 500lts,1000lts, etc, upwards, delivered in 3 to 5 days from payment at the most competitive prices in the region. You won't find us playing games like all the other suppliers, asking you 'what prices you have got' or 'if you get a better price come back' which leaves you feeling like you are being played or ripped off & fuming, asking yourself, 'if you can give me a lower price, let's have it NOW!' That's just NOT our style. We'll give you a price which will be the lowest we can provide for our customers, we don't care what others are charging and then undercutting it by 0.0001p, it's just plain insulting! We'll give you honest, low prices, no playing games to try and scam you out of extra money. We are repeatedly told by our customers that they like the straight forward way we work. You can rely on us to keep you warm and cosy this winter no matter if it's Oil, Gas, Coals or Logs, call before NOON and we'll deliver Same Day. We also offer small & bulk deliveries of Red Diesel for agricultural & farm use. Pay by Cash, Debit Card, Bank Transfer, or Credit Card + 1.5%
30th Aug 2013:: FUEL PRICES: The Syrian events have had the effect of driving up Fuel Prices, in particular, Oil. Heating Oil is at a 7 month high at close on Friday 30/8/13 - If you need oil urgently then you'll be facing these high prices. Our advice is to wait until the 3rd or 4th of August before you order as the prices should drop after the weekend given the governments vote this week not to take military action. If you must order before then, we'll get the best price we can for you or you can take advantage of our Same Day delivery in small amounts while you wait for the price to drop for bulk order of 500 lts plus.
fundraising for Chelsea's Ears.
Thank you all for your support, we raised £481 towards little Chelsea's new waterproof hearing devices.
UPDATE: Oil 8th April 2013 - BACK TO FULL OPERATIONAL STATUS - 5 days ahead of schedule!
So not only do we now have 600% increase in storage but we also have secured the oil to fill them!. During the 2 days where we have been unable to deliver we have taken "forward orders for delivery" which has already allocated just over 1/2 of our delivery tomorrow! What are you guys doing with this stuff?? LOL.
With further tanker deliveries due on Thursday and Saturday and every 2nd day thereafter, we should be able to keep up with demand. What's more, we have managed to fix prices so, while oil prices have risen, ours remain unchanged.
Thank you for your patience over the last few days, deliveries of pre-orders will commence tomorrow & Wednesday with normal service being resumed from Thursday onwards. Kind Regards Fred.
UPDATE: Oil Restrictions 6th April 2013
We are victims of our own success! We originally had 20,000 leaflets printed but we only got just 1000 delivered before things went ballistic! Since then, we have had an average of 5 new registered sign-ups every day, many of them from referrals from existing customers! 80% of them wanting oil deliveries. We also get around 10 sign-ups each week from people way outside our delivery area. These come from far and wide, Newcastle, Luton, Devon, Cambridge, Northampton, Wolverhampton, Ipswich, to mention just a few that we had to inform, were not in our 20 mile radius area!
Our daily oil sales have rocketed more than 5000% since our first week in mid Feb and that sort of growth is difficult to forecast or keep pace with. Over the Easter period, orders doubled in volume every day and we simply couldn't get our bulk deliveries fast enough. We have been delivering over the last 9 days from 7am through to 9pm to get orders fulfilled, but once we ran out of oil, there is nothing we can do. The new tanks will allow us to hold 6 times our previous stock and with an oil tanker now delivering to us every other day with 6 times our original amount, we should then have sufficient stock & storage to meet the expanding demand. The bad news is we still have to get them filled for the first time to provide that 'cushion' of stock holding. This will all be completed by the end of next week and from then onward we will be able to provide any quantity, same day, once again, if ordered before noon. We appologise if you are one of those whom we cannot give a prompt, small order, service to, until then. Meanwhile, please place a forward order and bare with us until 13th April. Thank you
2nd April 2013: OIL RESTRICTIONS
We are doing everything we can to avoid delays in delivery but untimately, we cannot deliver what we don't have! As per our promiss, our existing registered, regular customers, will take priority but we may limit the amount we deliver in any one delivery to you over the next week, so we can keep people's heating running. We don't envison this situation to last for more than a week. Our normal delivery for Wednesday, we have been told, will arrive "Friday at the latest". Our next delivery, the following Monday, will be "up to a day late" and after that we should be back to normal delivery once again. Thank you for your co-operation and custom,
The whole of April is going to remain cold and only towards the last week or so in April will conditions be 'near average' see the weather forecast here: Met Office Weather Forecast
HEATING OIL 25thJan 2012 For full details click here: Heating Oil
No More waiting 7 - 10 days for delivery:
We deliver the Same Day (if ordered before noon)
Delivered Right into your tank.
Buy what you can afford, Have it -When you want it.
RED DIESEL Dec 20th
Dec 1st When things get frustrating, evidence that houmor works!
The mobile chip machine has been coming up "Comms Error" too often and instead of just replacing it for a landline model, as I requested, the supplying company decided to send us an 'upgraded, roaming sim for it, which, they were confident would "solve the problem". After struggling to overcome "comms error" with it for a few more days, I sent the following email.
I called the number you gave us and reconfigured the machine but it didn't solve the problem. We installed the new roaming sim and called the number again and reconfigured the machine again but the basic problem seems to be that the machine requires a minimum of 3 bars signal to work. Curious since our mobiles work perfectly, all the time!
However, we have managed to solve the problem:
Lifting the machine in your left hand, take 3 steps infront of the desk and half a step to the left. Holding the machine above head height, you ask the customer to stand on a chair beside you and put in their pin and press enter.
Holding the machine at as high as possible while the customer dismounts the chair, you ask him/her to hold hands with you and attempt to make contact with the radiator to create a 'grounding aerial".
Unfortunately the radiator is just slightly too far away to reach, so we have supplied a pair of handcuffs to breach the shortfall in distance. The customer is told to fit the cuffs around one wrist and fasten the other end to the radiator pipe to create the 'circuit'.
We stand motionless in this position for 30 to 40 seconds or until the machine emits a beep, denoting a successful outcome or yet another "comms failure". in the event of yet another "comms failure" we repeat the proceedure twice more. If there is still a coms failure, we take the customers home phone number and call his family.
We tell them that we are hold him/her hostage until they bring us the cash.
The only drawback with this solution is that many wives seem unconcerned with the iminent 'loss' of their husband, so we currently have 3 fat blokes and an ugly woman chained to our radiator.
We are running out of office space, PLEEASEEE send us a machine that WORKS!!
The reply was short: "Dear Fred, I'm sorting new desktop machine out with HQ. Regards Clare.
11 Nov 2012 - We're on Fire!! Not literally!!
Red Diesel is Now in stock 3 months ahead of schedule. Due to repeated requests to stock Red Diesel from local businesses and domestic customers using generators or agricultural equipment, we decided to accelerate the installation programe of our tank and pump. We now have delivery of the fuel and the pump is primed and ready to deliver. The minimum pump delivery is 5 lts and the price is a low £0.84p pl. Including VAT. (That's 6p pl lower than most other suppliers)
We are trying to locate heavy duty polypropylene barrels of 100 to 120lts so we can fit taps into these and offer them for on site delivery so you can draw your fuel as and when you need it from the barrel on your site. When you want a refil, we simply swap your empty barrel for a full one!
If you are not yet registered and would like the option of this service, please register here. If you are already registered for gas or solid fuels can you please send us an email stating your unique user number or your name and post code stating you would like 'oil' to be added to the 'fuels you use'.
email here: email@example.com
or phone or text to 0754 664 3031.
Here's to a warmer more budget friendly Christmas to you all.
24 Sep 2012
I'm so please we opened in the warmer weather, it's given us time to learn and practice our new systems, Registration, customer care follow-up and delivery proceedures. This weeks turn in the weather has seen a huge rise in demand for gas, it's gone bonkers! But i'm pleased to report that our systems and staff have kept on top of things with relative ease. We've had people collecting, so they are obviously finding us OK, We've been out delivering, collecting empties and have had three lorry loads of bottled gas delivered us for distribution, and I've just had to order another load for Tuesday.
The web site, emails and auto responders are working excellently and there are daily registrations arriving and our customer base grows. As the customer base grows, so too does our buying power of other fuels and those savings are passed onto to our registered customers.
Our web site got picked up by the local papers and last week we saw an impromptude artical written about our business in the Lynn News. (See artical here:)
Our presence on Yell.com, Mr What and other web listings has seen us climb to the top 'organic' spots (non paid for advertising) for the seach engines "bottled gas suppliers king's lynn" and many other towns & areas. This has been helped by our customers giving us good feedback and 5 STAR ratings, so we must be doing something right.!
We are receiving registrations to our service at an increasing pace as word spreads and I'm pleased to say that many new customers are already coming to us by word of mouth and recommendation. We have supplied the Wisbech travelling fairground with gas this week and they will be using us to deliver to them as they travel around the area. Seems our name has spread quickly, we have had enquiries from Spalding to Mildenhall and from Hunstanton to Cambridge. Of course distances of some of these are not practical for us to service but its nice to be recognised so far and wide at such an early time in our evolvement.
Next week sees the delivery of our solid fuels, Traditional Coal, Smokeless Brazier cobs, Hardwood Logs, Heat plus man-made logs and kindling. Registered users that have a particular preference for a specific solid fuel, can enquire about it and if we can buy it and supply it at a more competitive rate than anyone else then we will stock it for you. Those of you who have registered will see the low prices we have available for our registered users by using your "registered users prices" link that you were sent in your welcome email. We believe in personal service and that's what we are delivering to individual customers. We listen, we adapt, we serve, we care!
We are bringing foward the launch of our Red Diesel and Parafin supplies from January 2013 to the end of October 2012, so watch this space as things are moving at a faster than expected pace. We have interviews lined up for new posistions in the new year for another ADR driver (qualified to carry gas and explosive fuels on the road) and a further delivery assistant as we add new products and expand. Phew! what a week.
PRESS RELEASE - PRESS RELEASE - King's Lynn News NEW BUSINESS PROVES TO BE HOT! August 2012
Opening 10th August 2012:
Initially we shall not be stocking solid fuels due to the time of year.
By the end of September we shall have a range of solid fuels available.
1st Aug: Well here we are galloping towards the 10th and our opening & true to form, the printer has not delivered the leaflets, The tractor grass cutter broke down so we are late getting the site prepared, grass cut etc. The signs have not turned up. Oh, the joys of running a business!!