Shell strikes fuel $250-barrel fears

Recent fuel-related crises have been a cause for concern for many homeowners worried about the cost of energy and rising bills.

The past few days have seen garages across the country dry up as Shell tanker drivers took part in a four-day strike over pay.

And the chief executive of one of the world’s largest oil companies Gazprom said the price of oil will one day hit an astonishing $250 a barrel – almost double its current price – as the cost of fuel continues to rise.

Even more worrying is that these price rises are set to affect gas prices too. British wholesale gas prices are said to be at record levels and with winter approaching many people are already getting concerned about their domestic heating bills.

And with fuel prices so high, filling up the car will become a painfully expensive process.

Getting value for money for your energy

While commentators weren’t exactly rushing to back up Gazprom’s claims, there is real concern about the cost of heating your home.

Of course, we’ve been here before as energy companies like npower and British Gas have announced several price hikes in recent months and years. So what can you do?

Stick or twist

Lots of people rightly benefited from the energy price wars of last year. Households across the country took advantage of cheaper deals – almost three million switched gas or electricity provider in the last six months of 2007.

But as prices creep up and fears grow of even more expensive heating, fears of massive bills are becoming genuine concerns.

But don’t panic.

Even if you have switched before, you can switch again. Have a look at the best deals now and if you think you can cope with the costs then switch to the best deal. If you’re not sure, wait a while and see how prices develop in the run up to winter.

Price freezing is also an option – but don’t forget you’ll be susceptible to losing out on price decreases as well as benefiting when prices rise.

What makes a good price?

Sometimes there’s little to choose between energy providers. So don’t forget to consider customer service. Compare the prices but take into account what you already pay and the perks you get from your current provider.

I’m into Green energy

There are plenty of green tariffs to choose from. Costs vary but all the energy you get will be made from renewable sources, such as wind or hydroelectric power. So there’s no denying you’ll be doing your bit for the environment.

If this is up your street then our switching service has an option to take a "green" tariff, so compare energy tariffs now to see how much it’ll cost you.

Leave a Reply

Your email address will not be published. Required fields are marked *