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$3.35 Cheapest heating oil price in Salem
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150 gallons Heating Oil
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Oil Companies
Oil Prices For Heating Oil Companies In Salem, MA
Updated Today at 01:15 PM
Salem Homeowner’s Guide to Selecting an Oil Company
For Salem homeowners heating with oil, selecting which of the 100 heating oil companies that serve Salem makes a big difference.
Full Service Oil Companies: Homeowners who are willing to pay a premium for a “set-it-and-forget-it” heating system choose one of the 51 “full-service” oil companies that serve Salem. Full service companies such as Firemans Fuel or Keohan Fuels & Transportation Inc offer homeowners annual contracts which consist of a combined package of both automatic number two heating oil delivery and boiler repair. With an automatic number two heating oil delivery contract, the company tracks your home’s heating oil consumption and makes deliveries when your tank is running low. The household does not need to monitor the level of the oil tank or place individual orders.
Discount Oil Companies: Also known by the names “COD Fuel” or “Cash Heating Oil” companies, discount oil companies are for homeowners who are looking to save money. With discount oil companies, in return for better prices, you monitor the oil level in your tank, and you place an oil order either when the level runs low or just before a major snowstorm. A few of the 2 Salem cash heating oil companies serving Salem include Ranco Enterpises and Maria's Oil.
Salem Oil Company Statistics: Fuel oil Companies Serving Salem: 100 companies .
Average Number of Salem Homes Served per Number Two Heating Oil company : 32
Salem, MA Heating Oil Trends
Last year, Salem homeowners purchased a total of 3 million gallons of heating oil. Out of the 494 towns in Massachusetts, Salem ranks 38th for home heating oil consumption.
Country-wide, Salem ranks 152nd out of 29,620 towns in America for heating oil consumption.
Short Term Trends
Salem’s overall fuel oil use changes each year correlating with how cold it gets each winter. As the temperature outside dips, homes’ HVAC systems need to burn additional oil to maintain the temperature that the thermostat is set to. Last winter, the average outside temperature in Salem was 31.6°F, which was 4.4°F colder than the prior winter's average outside temperature.
Salem Average Winter Temperature
| Heating Season | Average Temperature |
|---|---|
| 2024 - 2025 | 31.6° F |
| 2023 - 2024 | 36° F |
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Oil Prices
Cheapest Salem Heating Oil Price by Order Quantity
| Quantity | Price | Updated At |
|---|---|---|
| 100 gallonsgals | $3.59 per gallon/gal | Feb 2, 2026, 1:15 PM |
| 150 gallonsgals | $3.35 per gallon/gal | Feb 2, 2026, 1:15 PM |
| 200 gallonsgals | $3.35 per gallon/gal | Feb 2, 2026, 1:15 PM |
| 250 gallonsgals | $3.35 per gallon/gal | Feb 2, 2026, 1:15 PM |
Cheapest Salem Heating Oil Price Trends
Updated Today at 06:15 PM
| Time Horizon | Price Change |
|---|---|
| 1 Month Trend | +$0.350 |
Cheapest Salem Heating Oil Price History
Updated Today at 06:15 PM
| Date | Price |
|---|---|
| 02/02/2026 | $3.349 |
| 02/01/2026 | $3.349 |
| 01/31/2026 | $3.349 |
| 01/30/2026 | $3.349 |
| 01/29/2026 | $3.349 |
| 01/28/2026 | $3.349 |
| 01/27/2026 | $3.349 |
| 01/26/2026 | $3.199 |
| 01/25/2026 | $3.079 |
| 01/24/2026 | $3.079 |
| 01/23/2026 | $3.079 |
| 01/22/2026 | $3.079 |
| 01/21/2026 | $2.999 |
| 01/20/2026 | $2.899 |
| 01/19/2026 | $2.899 |
| 01/18/2026 | $2.899 |
| 01/17/2026 | $2.899 |
| 01/16/2026 | $2.899 |
| 01/15/2026 | $2.899 |
| 01/14/2026 | $2.799 |
| 01/13/2026 | $2.799 |
| 01/12/2026 | $2.799 |
| 01/11/2026 | $2.999 |
| 01/10/2026 | $2.999 |
| 01/09/2026 | $2.999 |
| 01/08/2026 | $2.999 |
| 01/07/2026 | $2.999 |
| 01/06/2026 | $2.999 |
| 01/05/2026 | $2.999 |
| 01/04/2026 | $2.999 |
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Heating Oil
20 Seconds Can Save Salem Families $1,000+ On Oil Bills Every Year
Propane vs. Natural Gas vs. Heating Oil: Salem Home Heating Fuel Comparison
Homes have a variety of fuels that can be used when it comes to heating. Natural Gas is the most common choice in Salem, used by 11,359 or 57% of homeowners. The 2nd most popular primary heating fuel for Salem households is Electricity, used by 4,715 homes (23%). The remaining homes are heated with Heating Oil (16%), Propane (2%), Other (2%), and Wood (0.2%).
Salem Residential Primary Home Heating Fuel (in Number of Households)
| Year | Natural Gas | Propane | Electricity | Oil | Wood | Solar | Other |
|---|---|---|---|---|---|---|---|
| 2025 | 11,359 | 364 | 4,715 | 3,232 | 50 | 11 | 60 |
| 2024 | 11,359 | 344 | 4,540 | 3,376 | 47 | 5 | 53 |
| 2023 | 11,097 | 314 | 4,440 | 3,451 | 43 | 0 | 48 |
| 2022 | 10,965 | 357 | 4,517 | 3,657 | 49 | 0 | 34 |
| 2021 | 11,177 | 469 | 4,100 | 3,656 | 16 | 15 | 26 |
| 2020 | 10,837 | 511 | 3,610 | 3,748 | 6 | 31 | 26 |
| 2019 | 10,534 | 532 | 3,219 | 3,949 | 41 | 19 | 29 |
| 2018 | 10,006 | 611 | 3,131 | 4,327 | 34 | 16 | 39 |
| 2017 | 10,561 | 533 | 2,771 | 4,282 | 39 | 16 | 33 |
| 2016 | 10,038 | 496 | 2,991 | 4,370 | 39 | 0 | 30 |
| 2015 | 10,313 | 384 | 2,919 | 4,235 | 29 | 21 | 43 |
| 2014 | 10,332 | 369 | 3,096 | 4,189 | 7 | 20 | 53 |
| 2013 | 10,496 | 259 | 3,223 | 4,193 | 0 | 21 | 47 |
| 2012 | 9,791 | 157 | 3,228 | 4,529 | 0 | 20 | 52 |
| 2011 | 9,424 | 182 | 3,031 | 4,922 | 25 | 20 | 47 |
Heating Oil (Fuel Oil) Use in Salem
Heating oil has become decreasing in demand in Salem. In the 5 years since 2020, the number of residents using number two heating oil fell from 3,748 to 3,232, a 14% drop.
Propane vs. Natural Gas use for home heating in Salem
Between 2020 and today, the number of houses using propane as the primary space heating fuel declined from 511 to 364, a 29% change. Comparing 2020 and today, the number of homes using natural gas as the primary space heating fuel shot up from 10,837 to 11,359, a 5% change.
Electricity use for home heating in Salem
Electric heat pump systems for home heating are increasing in demand in Salem. Since 2020, the number of homes heating with electricity shot up from 3,610 to 4,715, a 31% change.
Adoption of solar home heating systems in Salem
Out of all fuels, solar is the safest for the environment. With an “active” solar heating system, liquid is circulated between solar panels on a home’s roof and a heat energy storage tank (similar to a hot water heater) in the basement. Currently, 11 homes in Salem are heated with active solar arrays. This is a 65% drop from 2020, when 31 homes utilized active solar heating.
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Oil Delivery
Salem, MA Heating Oil Delivery Map
Salem Heating Oil Delivery Overview
3,232 families in Salem heat their homes with fuel oil. This makes oil delivery essential, especially when Salem temperatures drop as low as 26.8° F each winter. 16% of Salem residences depend on oil delivery each winter.
16% of Salem, MA Households Rely On Heating Oil Delivery Each Winter
| Salem, MA Households | Salem, MA Heating Oil Households |
|---|---|
| 20,089 | 3,232 |
100 Salem Number Two Heating Oil Companies Homeowners Can Count On
With 582,115,837.988 gallons of oil delivered to Salem houses last winter, the Salem community relies on its 100 oil companies to keep their oil tanks full. Oil delivery is a two step process: First, an oil truck picks up oil at the nearest bulk fuel terminal (also known as a “rack”). In the case of Salem, two of the closest terminals are Sprague W in Springfield, MA and Buckeye in Springfield, MA. Then, the truck delivers the #2 heating oil to homes and businesses throughout Salem and the surrounding area.
Salem Heating Oil Prices FAQs
What is the best price per gallon of home heating oil in Salem?
The best price of home heating oil in Salem today is $3.35 per gallon. The price of heating oil in Salem ranges from a low of $3.35 to a high of $3.98. The average heating oil price in Massachusetts state is $3.77.
Is the price of heating oil in Salem rising or falling?
The price of heating oil in Salem has risen by $0.264 over the last 7 days.
What is the average price of home heating oil in Salem?
The average price of home heating oil in Salem is $3.77 per gallon.
How much does 150 gallons of heating oil cost in Salem?
150 gallons of heating oil costs $565.20 in Salem.
What is the price of home heating oil today in Salem?
Today in Salem, the price of home heating oil is $3.35 per gallon, which amounts to $502.35 for a 150-gallon order (excluding any applicable taxes).
What is the current price of heating oil in Salem?
The current price of heating oil in Salem ranges from $3.35 to $3.98 per gallon, depending on the delivery address and the oil company. The average price is $3.77 per gallon.
Why are heating oil prices rising today in Salem?
Heating oil prices in Salem rose $0.264 over the last week because home heating oil demand in Newington is rising, but fuel inventories in local heating oil terminals is falling. (Updated January 26th, 2026).
How much is home heating oil right now in Salem?
The current price of home heating oil in Salem ranges from $3.35 to $3.98 per gallon for a 150-gallon order paid by credit card. Prices can vary based on location, and cash or volume discounts may be available.
Is heating oil going up or down in Salem?
Heating oil prices have gone up in Salem by $0.26 per gallon over the past 1 days, which amounts to a $39.60 for a 150-gallon order.
How much is oil per gallon in Salem?
As of today, February 2nd, 2026, the price of oil is $3.35 per gallon for a 150-gallon order paid by credit card. Prices can vary from $3.35 to $3.98 per gallon, depending on factors such as delivery address, oil company, order size, and payment method.
How much is oil for heat in Salem?
Currently, the price of oil for heating in Salem ranges from $3.35 to $3.98 per gallon for a 150-gallon delivery. Some oil companies offer various discounts, including cash discounts, volume discounts, military discounts, and senior discounts.
How high will oil go in Salem?
There’s no limit to how high oil prices can go in Salem. Over the past year, Salem heating oil prices per gallon have risen as high as $4.94 for a 150-gallon order. This is $1.18 per gallon more than the current average price of $3.77, and $1.59 per gallon more than the lowest price currently available, which is $3.35. Home heating oil prices fluctuate daily based on several factors, including demand, local fuel inventories at terminals (such as CITGO), and the price of crude oil.
