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Updated on December 9, 2024 at 10:31 PM
Connecticut Oil Prices from $2.59 per gallon/gal |
Massachusetts Oil Prices from $2.73 per gallon/gal |
New York Oil Prices from $2.68 per gallon/gal |
New Hampshire Oil Prices from $3.00 per gallon/gal |
Vermont Oil Prices from $3.50 per gallon/gal |
Rhode Island Oil Prices from $2.78 per gallon/gal |
Maine Oil Prices from $2.73 per gallon/gal |
New Jersey Oil Prices from $2.80 per gallon/gal |
Pennsylvania Oil Prices from $2.71 per gallon/gal |
Long Island Oil Prices from $2.68 per gallon/gal |
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Order Size (gallons) | Credit (per gallon)(/gal) | Cash (per gallon)(/gal) | Updated At |
---|---|---|---|
100 | $2.69 | $2.59 | Dec 9, 2024, 3:00 PM |
150 | $2.68 | $2.59 | Dec 9, 2024, 3:00 PM |
200 | $2.63 | $2.58 | Dec 9, 2024, 3:00 PM |
250 | $2.63 | $2.58 | Dec 9, 2024, 3:00 PM |
Updated on December 9, 2024 at 12:00 AM
Time Horizon | Price Change |
---|---|
1 Day Trend | -$0.057 |
1 Week Trend | -$0.052 |
1 Month Trend | -$0.055 |
1 Year Trend | -$0.524 |
Updated on December 9, 2024 at 12:00 AM
Date | Average Oil Price |
---|---|
12/09/2024 | $3.084 |
12/06/2024 | $3.086 |
12/05/2024 | $3.092 |
12/04/2024 | $3.093 |
12/03/2024 | $3.081 |
12/02/2024 | $3.080 |
11/29/2024 | $3.081 |
11/28/2024 | $3.081 |
11/27/2024 | $3.077 |
11/26/2024 | $3.072 |
11/25/2024 | $3.075 |
11/22/2024 | $3.065 |
11/21/2024 | $3.069 |
11/20/2024 | $3.061 |
11/19/2024 | $3.055 |
11/18/2024 | $3.064 |
11/15/2024 | $3.056 |
11/14/2024 | $3.065 |
11/13/2024 | $3.048 |
11/12/2024 | $3.060 |
11/11/2024 | $3.068 |
11/08/2024 | $3.086 |
11/07/2024 | $3.088 |
11/06/2024 | $3.084 |
11/05/2024 | $3.086 |
11/04/2024 | $3.075 |
11/01/2024 | $3.086 |
10/31/2024 | $3.084 |
10/30/2024 | $3.081 |
10/28/2024 | $3.101 |
Homeowners have a variety of home heating fuels to choose from. Natural gas is the most popular choice in U.S., used by 59,888,126 or 47.00% of homes. The 2nd most popular choice for U.S. homeowners is electricity, used by 51,141,506 homes (40.13%). The remaining homes are heated with propane (6,326,287), heating oil (5,476,024), no fuel (2,747,018), and other fuels (3,257,081).
U.S. Primary Home Heating Fuel Popularity by Number of Households
Fuel | U.S. Households | % of Households |
---|---|---|
Natural Gas | 59.8M | 47.0% |
Electricity | 51.1M | 40.1% |
Propane | 6.3M | 5.0% |
Heating Oil | 5.4M | 4.3% |
No Fuel | 2.7M | 2.2% |
Wood | 2.0M | 1.6% |
Other Fuels | 738,092 | 0.6% |
Solar | 349,814 | 0.3% |
Coal | 120,092 | 0.1% |
Natural gas (47.0%)
Electricity (40.1%)
Propane (5.0%)
Heating oil (4.3%)
No fuel (2.2%)
Wood (1.6%)
Other fuels (0.6%)
Solar (0.3%)
Coal (0.1%)
Heating oil has become less popular in U.S.. In the 8 years since 2014, the number of heating oil homes fell from 6,814,556 to 5,476,024, a 19.64% drop.
U.S. Heating Oil Households (2011 - 2022)
Year | Heating Oil Households |
---|---|
2011 | 7.7M |
2012 | 7.4M |
2013 | 7.1M |
2014 | 6.8M |
2015 | 6.5M |
2016 | 6.2M |
2017 | 6.0M |
2018 | 5.8M |
2019 | 5.7M |
2020 | 5.5M |
2021 | 5.4M |
2022 | 5.4M |
Between 2014 and today, the number of homes using propane as the primary space heating fuel rose from 5,658,761 to 6,326,287.
Between 2014 and today, the number of homes using natural gas as the primary space heating fuel rose from 56,767,834 to 59,888,126.
Electric space heating systems are becoming more popular in U.S.. Since 2014, the number of homes heating with electricity rose from 42,810,585 to 51,141,506, a 19.46% increase.
Solar is the most environmentally friendly of all space heating fuels. With an “active” solar heating system, liquid is circulated between solar panels on a home’s roof and a heat energy storage tank in the basement.
Currently, 349,814 homes in U.S. are heated with active solar arrays. This is a 430.01% increase from 2014, when only 66,002 homes had installed active solar heating.
For U.S. homeowners heating with oil, selecting which of the 2,268 heating oil companies that serve U.S. is an important decision.
Full Service Oil Companies: Homeowners willing to pay a premium for a “set-it-and-forget-it” heating system choose one of the 864 “full-service” oil companies that serve U.S.. Full service companies such as Hoffman Fuel Company Of Danbury or Westmore Fuel Co Inc offer automatic fuel delivery and furnace repair under a single roof.
Discount Oil Companies: Also known by the names “COD Fuel Companies” or “Cash Heating Oil Companies”, these companies are for the budget-conscious U.S. homeowner. In return for better prices, you monitor the oil level in your tank and place an order when you run low on oil. Examples of cash heating oil companies that serve U.S. include Aldin Associates LP and Alliance Energy LLC.
U.S. Heating Oil Company Fast Facts
Heating Oil Companies Serving U.S.: 2,268 companies
Average Number Of U.S. Homes Served Per Company: 2,414 homes
Average Gallons Delivered per U.S. Oil Company: 1,537,012 gallons per year
Last year, homeowners purchased a total of 3,486 million gallons of heating oil in America.
Short Term Trends
Overall heating oil use varies from year to year, primarily depending on how cold each winter is. As the temperature outside gets colder, homes’ heating systems need to burn more and more oil to keep homes warm. Last winter in U.S., the average outside temperature was 4.0° F warmer than the prior winter's average outside temperature.
U.S. Average Winter Temperature
Heating Season | Average Temperature |
---|---|
Winter 2023 - 2024 | 45.1° F |
Winter 2022 - 2023 | 41.1° F |
Approximately 5,476,024 households in U.S. heat their homes with fuel oil. This makes oil delivery essential, especially when U.S. temperatures drop as low as 42.5° F each winter.
4% of U.S. Households Rely On Heating Oil Delivery Each Winter
U.S. Households | U.S. Heating Oil Households |
---|---|
127.4M | 5.4M |
2,268 U.S. Oil Companies Go the Distance
With 3,486 million gallons of heating oil delivered to U.S. homeowners during the winter of 2023, the U.S. community relies on its 2,268 oil companies to keep warm.
Oil delivery is a two step process: First, an oil truck picks up oil at the nearest bulk fuel terminal. In the case of U.S., two of the closest terminals are CITGO in Vestal, NY and BUCKEYEES in New Haven, CT. Then, the truck delivers the #2 heating oil to homes and businesses in U.S..
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As a homeowner using heating oil, you have the advantage of not being locked into a utility monopoly. On average, homeowners can choose from over 10 oil dealers in their neighbourhood, and residents of Long Island have 72 providers to choose from!
Having multiple options offers several benefits:
(1)Price Shopping: You can compare prices to find the best deal.
(2)Reliability: If one provider is unable to deliver, you can easily call another.
(3)Customer Service: Local heating oil companies are often owned and operated by members of your community. When you call, you speak directly to someone who can address your needs, rather than navigating a public utility’s automated voicemail system. These local businesses are committed to providing exceptional service and will go above and beyond to help you.
Historically, price shopping for heating oil has been a time-consuming process, requiring you to call each provider every time you place an order
With just a tap of your finger, Heat Fleet delivers a comprehensive list of local heating oil dealers in your neighbourhood, along with an easy and secure online ordering system for scheduling deliveries. It’s a heating oil marketplace designed to help savvy homeowners find the best deals from reliable oil companies near them.
Since its inception in the 1920s, the home heating oil industry has been characterized by small family-owned businesses, often passed down through generations, offering personalized service. However, like many industries, these small businesses have been slow to adopt new technologies. Most discount heating oil companies still rely on phone calls for quotes and orders.
For budget-conscious homeowners, price shopping for heating oil has traditionally been a time-consuming task. Enter Heat Fleet: In less time than it takes to dial a single heating oil company, Heat Fleet provides you with the best prices from all the heating oil providers in your area.
A heating oil company sets its prices by calculating the sum of the costs of the oil, trucks, drivers, office staff, advertising, plus a fair profit. When a company joins Heat Fleet, it can reduce marketing and advertising costs, which in turn allows for significant price reductions.
If a provider has route vacancies for the next day, they can activate a Heat Fleet Flash Sale to fill these vacancies. These deals are beneficial for both you and the provider: you secure an unbeatable price, while the provider maximizes capacity utilization, leading to even further price reductions.
Most oil companies purchase oil through 22,000-gallon fixed-price contracts and then sell that oil over the following days. Because oil prices fluctuate rapidly, the company offering the best price today may not have the best price in a month when you place your next order. Heat Fleet’s deal board makes it easy for you to price-shop and find the best price for each order.