Cape Cod Heating Oil Price Trends
Updated Today at 12:00 AM
| Time Horizon | Price Change |
|---|---|
| 1 Day Trend | -$0.008 |
| 1 Week Trend | -$0.003 |
| 1 Month Trend | +$0.147 |
| 1 Year Trend | +$0.016 |
Cape Cod Heating Oil Price History
Updated Today at 12:00 AM
| Date | Average Oil Price |
|---|---|
| 10/21/2024 | $3.020 |
| 10/20/2024 | $3.020 |
| 10/19/2024 | $3.020 |
| 10/18/2024 | $3.020 |
| 10/17/2024 | $3.020 |
| 10/16/2024 | $3.030 |
| 10/15/2024 | $3.030 |
| 10/14/2024 | $3.050 |
| 10/13/2024 | $3.050 |
| 10/12/2024 | $3.050 |
| 10/11/2024 | $3.050 |
| 10/10/2024 | $3.040 |
| 10/09/2024 | $3.020 |
| 10/08/2024 | $3.010 |
| 10/07/2024 | $3.060 |
| 10/06/2024 | $3.000 |
| 10/05/2024 | $3.000 |
| 10/04/2024 | $3.000 |
| 10/03/2024 | $2.950 |
| 10/02/2024 | $2.910 |
| 10/01/2024 | $2.910 |
| 09/30/2024 | $2.910 |
| 09/29/2024 | $2.920 |
| 09/28/2024 | $2.920 |
| 09/27/2024 | $2.920 |
| 09/26/2024 | $3.000 |
| 09/25/2024 | $3.000 |
| 09/24/2024 | $3.000 |
| 09/23/2024 | $3.000 |
| 09/22/2024 | $3.000 |
Propane vs. Natural Gas vs. Heating Oil: Cape Cod Home Heating Fuel Comparison
Homeowners have a variety of home heating fuels to choose from. Natural gas is the most popular choice in Cape Cod, used by 62,395 or 62.32% of homes. The 2nd most popular choice for Cape Cod homeowners is heating oil, used by 21,345 homes (21.32%). The remaining homes are heated with electricity (11,229), propane (4,874), wood (1,401), and other fuels (1,076).
Cape Cod Primary Home Heating Fuel Popularity by Number of Households
| Fuel | Cape Cod Households | % of Households |
|---|---|---|
| Natural Gas | 62,395 | 62.32% |
| Heating Oil | 21,345 | 21.32% |
| Electricity | 11,229 | 11.21% |
| Propane | 4,874 | 4.87% |
| Wood | 1,401 | 1.40% |
| Other Fuels | 375 | 0.37% |
| No Fuel | 321 | 0.32% |
| Solar | 304 | 0.30% |
| Coal | 76 | 0.08% |
Natural gas (62.32)
Heating oil (21.32)
Electricity (11.21)
Propane (4.87)
Wood (1.40)
Other fuels (0.37)
No fuel (0.32)
Solar (0.30)
Coal (0.08)
#2 Heating Oil (Fuel Oil) Use in Cape Cod
Heating oil has become less popular in Cape Cod. In the 5 years since 2017, the number of heating oil homes fell from 23,593 to 21,345, a 9.53% drop.
Cape Cod Heating Oil Households (2011 - 2022)
| Year | Heating Oil Households |
|---|---|
| 2011 | 29,342 |
| 2012 | 28,160 |
| 2013 | 27,325 |
| 2014 | 26,126 |
| 2015 | 25,543 |
| 2016 | 24,413 |
| 2017 | 23,593 |
| 2018 | 22,507 |
| 2019 | 22,021 |
| 2020 | 21,328 |
| 2021 | 20,908 |
| 2022 | 21,345 |
Propane vs. Natural Gas use for home heating in Cape Cod
Between 2017 and today, the number of homes using propane as the primary space heating fuel rose from 2,446 to 4,874.
Between 2017 and today, the number of homes using natural gas as the primary space heating fuel rose from 56,251 to 62,395.
Electricity use for home heating in Cape Cod
Electric space heating systems are becoming more popular in Cape Cod. Since 2017, the number of homes heating with electricity rose from 9,782 to 11,229, a 14.79% increase.
Solar use for home heating in Cape Cod
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, 304 homes in Cape Cod are heated with active solar arrays. This is a 207.07% increase from 2017, when only 99 homes had installed active solar heating.
Cape Cod Heating Oil Trends
Last year, Cape Cod homeowners purchased a total of 582 million gallons of heating oil.
Short Term Trends
Cape Cod’s 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 Cape Cod, the average outside temperature was 4.1° F warmer than the prior winter's average outside temperature.
Cape Cod Average Winter Temperature
| Heating Season | Average Temperature |
|---|---|
| Winter 2023 - 2024 | 58.1° F |
| Winter 2022 - 2023 | 54° F |
Cape Cod Homeowner’s Guide to Selecting an Oil Company
For Cape Cod homeowners heating with oil, selecting which of the 677 heating oil companies that serve Cape Cod 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 174 “full-service” oil companies that serve Cape Cod. Full service companies such as ScudderTaylor Oil Co or Hall Oil 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 Cape Cod 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 Cape Cod include Beantown AC and Balanced HVAC.
Cape Cod Heating Oil Company Fast Facts
Heating Oil Companies Serving Cape Cod: 677 companies
Average Number Of Cape Cod Homes Served Per Company: 31 homes
Cape Cod Heating Oil Delivery Overview
Approximately 292,611 households in Cape Cod heat their homes with fuel oil. This makes oil delivery essential, especially when Cape Cod temperatures drop as low as 42.5° F each winter.
25% of Cape Cod Households Rely On Heating Oil Delivery Each Winter
| Cape Cod Households | Cape Cod Heating Oil Households |
|---|---|
| 1.1M | 292,611 |
677 Cape Cod Oil Companies Go the Distance
With 582 million gallons of heating oil delivered to Cape Cod homeowners during the winter of 2023, the Cape Cod community relies on its 677 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 Cape Cod, two of the closest terminals are S.r.& M. in East Boston, MA and S.r.& M. in East Boston, MA. Then, the truck delivers the #2 heating oil to homes and businesses in Cape Cod.
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