Silver lining in stormy weather sees oil prices fall

ABOUT the only upside of the dreadful weather this winter is that oil prices have continued to fall and many people are also using less fuel to heat their homes because of the unseasonally mild weather, writes Donal Hickey

The cost of kerosene heating oil is now around half of what it was three years ago. In January 2013, people were paying around €920 for 1,000 litres, whereas the latest index on cheapestoil.ie has prices ranging from €465 to €530 for 1,000 litres.

The wet, stormy weather has highlighted the changing climate and, ironically, an overall increase in greenhouse-gas emissions across the industry, transport and waste sectors, in 2014, has been confirmed by the EPA.