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Cities In Maryland with Local Oil Prices

Maryland Heating Oil Price Trends

Updated Today at 12:00 AM

Time HorizonPrice Change
1 Day Trend+$0.0
1 Week Trend+$0.0
1 Month Trend+$0.0
1 Year Trend-$1.027

Maryland Heating Oil Price History

Updated Today at 12:00 AM

DateAverage Oil Price
10/21/2024$3.400
10/18/2024$3.400
10/17/2024$3.400
10/16/2024$3.400
10/15/2024$3.400
10/14/2024$3.400
10/11/2024$3.400
10/10/2024$3.400
10/09/2024$3.400
10/08/2024$3.250
10/07/2024$3.250
10/04/2024$3.250
10/03/2024$3.250
10/02/2024$3.250
10/01/2024$3.250
09/30/2024$3.250
09/27/2024$3.250
09/26/2024$3.250
09/25/2024$3.250
09/24/2024$3.250
09/23/2024$3.250
09/20/2024$3.400
09/19/2024$3.400
09/18/2024$3.400
09/17/2024$3.400
09/16/2024$3.400
09/13/2024$3.400
09/12/2024$3.400
09/11/2024$3.400
09/10/2024$3.400

Propane vs. Natural Gas vs. Heating Oil: Maryland Home Heating Fuel Comparison

Homeowners have a variety of home heating fuels to choose from. Natural gas is the most popular choice in Maryland, used by 1,036,714 or 43.77% of homes. The 2nd most popular choice for Maryland homeowners is electricity, used by 1,018,912 homes (43.02%). The remaining homes are heated with heating oil (178,203), propane (89,874), wood (27,892), and other fuels (45,552).

Maryland Primary Home Heating Fuel Popularity by Number of Households

FuelMaryland Households % of Households
Natural Gas1.0M43.77%
Electricity1.0M43.02%
Heating Oil178,2037.52%
Propane89,8743.79%
Wood27,8921.18%
No Fuel18,9110.80%
Other Fuels16,0160.68%
Solar9,0980.38%
Coal1,5270.06%

Natural gas (43.77)

Electricity (43.02)

Heating oil (7.52)

Propane (3.79)

Wood (1.18)

No fuel (0.80)

Other fuels (0.68)

Solar (0.38)

Coal (0.06)

#2 Heating Oil (Fuel Oil) Use in Maryland

Heating oil has become less popular in Maryland. In the 5 years since 2017, the number of heating oil homes fell from 201,205 to 178,203, a 11.43% drop.

Maryland Heating Oil Households (2011 - 2022)

YearHeating Oil Households
2011246,964
2012239,039
2013228,525
2014222,212
2015212,903
2016207,818
2017201,205
2018193,194
2019186,662
2020179,727
2021176,310
2022178,203

Propane vs. Natural Gas use for home heating in Maryland

Between 2017 and today, the number of homes using propane as the primary space heating fuel rose from 72,677 to 89,874.

Between 2017 and today, the number of homes using natural gas as the primary space heating fuel rose from 966,084 to 1,036,714.

Electricity use for home heating in Maryland

Electric space heating systems are becoming more popular in Maryland. Since 2017, the number of homes heating with electricity rose from 885,470 to 1,018,912, a 15.07% increase.

Solar use for home heating in Maryland

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, 9,098 homes in Maryland are heated with active solar arrays. This is a 251.55% increase from 2017, when only 2,588 homes had installed active solar heating.

Maryland Heating Oil Trends

Last year, Maryland homeowners purchased a total of 92 million gallons of heating oil.

Short Term Trends

Maryland’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 Maryland, the average outside temperature was 11.0° F warmer than the prior winter's average outside temperature.

Maryland Average Winter Temperature

Heating SeasonAverage Temperature
Winter 2023 - 202461.6° F
Winter 2022 - 202350.6° F

Maryland Homeowner’s Guide to Selecting an Oil Company

For Maryland homeowners heating with oil, selecting which of the 198 heating oil companies that serve Maryland 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 8 “full-service” oil companies that serve Maryland. Full service companies such as Petro Home Services or Watkins Fuel Company 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 Maryland 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 Maryland include Carroll Home Services and H F Horney Inc.

Maryland Heating Oil Company Fast Facts

Heating Oil Companies Serving Maryland: 198 companies

Average Number Of Maryland Homes Served Per Company: 900 homes

Average Gallons Delivered per Maryland Oil Company: 463,853 gallons per year

Maryland Heating Oil Delivery Overview

Approximately 162,382 households in Maryland heat their homes with fuel oil. This makes oil delivery essential, especially when Maryland temperatures drop as low as 42.5° F each winter.

7% of Maryland Households Rely On Heating Oil Delivery Each Winter

Maryland HouseholdsMaryland Heating Oil Households
2.2M162,382

198 Maryland Oil Companies Go the Distance

With 92 million gallons of heating oil delivered to Maryland homeowners during the winter of 2023, the Maryland community relies on its 198 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 Maryland, two of the closest terminals are Buckeye in Baltimore, MD and Citgo in Baltimore, MD. Then, the truck delivers the #2 heating oil to homes and businesses in Maryland.