Oil and fuel prices on the rise again

Oil prices are at their highest for 10 months, up at over $74 a barrel, as Europe, China and maybe the USA come out of recession and start using more energy. Demand for oil from China rose by 3.5% in July compared with July 2008 with similar increases in demand expected from the euro zone as their industrial output strengthens.

So far this year the price of oil has increased over 65% with many expecting it soon to be above $80 – and its not likely to stop there. The problem for the UK is that our economy is not expected to grow anything like that of the countries now coming out of recession. On top of this there is a danger that the pound will weaken further against other currencies as we struggle with the aftermath of quantitative easing, all making the cost of our energy even more expensive.

However, there is something you can do right now to mitigate the increases. That is to replace your existing central heating time clock with a HeatingSave controller. This will save between 20% and 30% off your gas or oil bill and still keep you warm in the winter months; but remember, HeatingSave makes the greatest savings in the months of October, November and December – so there is no time to loose, call Matt Ellwood today on 01480 223923 today or email mellwood@heatingsave.co.uk

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