As the demand for oil remains flat worldwide, consumers can expect prices for crude oil to stay at record lows this spring, according to the International Energy Agency (IEA). That’s good news for customers of home heating oil delivery provider Andersen Oil Company, which serves New London County, CT. The area’s premier heating oil company prides themselves on offering phenomenal rates on residential and commercial oil, with savings up to 10% with regular oil cleaning services.

Besides low prices, here are a few more oil supply trends consumers can expect throughout the spring season:

• U.S. Gas Prices: The demand for gasoline from the U.S., which is the world’s biggest market, is set to remain flat in 2016. Should oil prices go up, gas prices may follow suit.
• International Supply: In countries such as Iraq and Nigeria, oil producers are expected to take steps to control output. These strategies may lead to higher oil prices to recoup from stalled production.
• Iran’s Impact: As one of the world’s largest producers of oil, Iran’s recent return to the global market hasn’t been as dramatic as expected on price changes; Iran’s impact will continue to be more gradual going forward.
• U.S. Dollar Value: The changing value of the U.S. dollar will remain a key driver of oil prices, according to the IEA. Countries with economies that rely heavily on oil import industries may continue to make adjustments in line with how the U.S. dollar fares. These changes could also impact oil prices.

Regardless of the fluctuations expected to take place this spring with oil prices, Andersen Oil Company offers affordable payment plans that won’t break your budget:

• The Price Cap: This 10-month plan evenly divides your heating oil costs throughout the heating season. Your bill is capped at a certain price, and if the daily posted rate is lower than your cap on the day of the delivery, you will pay the lower price.
• The Prepaid Fixed Price: The price per gallon for oil is locked in from September 1 to June 1, the term of the contract. You’ll know your heating costs in advance, and your price stays the same until your pre-purchased gallons run out or the contract ends — whichever comes first.

Don’t let the oil market’s fluctuations scare you! Andersen Oil Company has you covered with dependable and competitively priced rates to keep your house or business heated. Call the heating oil provider today at (860) 464-7628 or visit the website.