Updated on December 20, 2024 at 12:00 AM
Time Horizon | Price Change |
---|---|
1 Day Trend | -$0.005 |
1 Week Trend | +$0.026 |
1 Month Trend | +$0.082 |
1 Year Trend | -$0.253 |
Updated on December 20, 2024 at 12:00 AM
Date | Average Oil Price |
---|---|
12/20/2024 | $2.983 |
12/19/2024 | $2.988 |
12/18/2024 | $2.984 |
12/17/2024 | $2.991 |
12/16/2024 | $2.987 |
12/13/2024 | $2.957 |
12/12/2024 | $2.957 |
12/11/2024 | $2.953 |
12/10/2024 | $2.957 |
12/09/2024 | $2.950 |
12/06/2024 | $2.952 |
12/05/2024 | $2.951 |
12/04/2024 | $2.939 |
12/03/2024 | $2.923 |
12/02/2024 | $2.930 |
11/29/2024 | $2.922 |
11/28/2024 | $2.956 |
11/27/2024 | $2.956 |
11/26/2024 | $2.937 |
11/25/2024 | $2.938 |
11/22/2024 | $2.933 |
11/21/2024 | $2.913 |
11/20/2024 | $2.907 |
11/19/2024 | $2.901 |
11/18/2024 | $2.887 |
11/15/2024 | $2.899 |
11/14/2024 | $2.897 |
11/13/2024 | $2.897 |
11/12/2024 | $2.900 |
11/11/2024 | $2.932 |
Homeowners have a variety of home heating fuels to choose from. Heating oil is the most popular choice in Connecticut, used by 539,715 or 38.13% of homes. The 2nd most popular choice for Connecticut homeowners is natural gas, used by 516,459 homes (36.49%). The remaining homes are heated with electricity (244,511), propane (75,150), wood (23,585), and other fuels (30,431).
Connecticut Primary Home Heating Fuel Popularity by Number of Households
Fuel | Connecticut Households | % of Households |
---|---|---|
Heating Oil | 539,715 | 38.1% |
Natural Gas | 516,459 | 36.5% |
Electricity | 244,511 | 17.3% |
Propane | 75,150 | 5.3% |
Wood | 23,585 | 1.7% |
Other Fuels | 18,400 | 1.3% |
No Fuel | 9,314 | 0.7% |
Solar | 1,852 | 0.1% |
Coal | 865 | 0.1% |
Heating oil (38.1%)
Natural gas (36.5%)
Electricity (17.3%)
Propane (5.3%)
Wood (1.7%)
Other fuels (1.3%)
No fuel (0.7%)
Solar (0.1%)
Coal (0.1%)
Heating oil has become less popular in Connecticut. In the 7 years since 2015, the number of heating oil homes fell from 595,244 to 539,715, a 9.33% drop.
Connecticut Heating Oil Households (2011 - 2022)
Year | Heating Oil Households |
---|---|
2011 | 654,783 |
2012 | 644,340 |
2013 | 627,716 |
2014 | 613,504 |
2015 | 595,244 |
2016 | 581,382 |
2017 | 574,588 |
2018 | 565,439 |
2019 | 556,309 |
2020 | 551,817 |
2021 | 544,406 |
2022 | 539,715 |
Between 2015 and today, the number of homes using propane as the primary space heating fuel rose from 47,460 to 75,150.
Between 2015 and today, the number of homes using natural gas as the primary space heating fuel rose from 454,138 to 516,459.
Electric space heating systems are becoming more popular in Connecticut. Since 2015, the number of homes heating with electricity rose from 210,186 to 244,511, a 16.33% 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, 1,852 homes in Connecticut are heated with active solar arrays. This is a 214.43% increase from 2015, when only 589 homes had installed active solar heating.
Last year, Connecticut homeowners purchased a total of 397 million gallons of heating oil.
Short Term Trends
Connecticut’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 Connecticut, the average outside temperature was 4.2° F warmer than the prior winter's average outside temperature.
Connecticut Average Winter Temperature
Heating Season | Average Temperature |
---|---|
2024 - 2025 | 43.4° F |
2023 - 2024 | 39.2° F |
For Connecticut homeowners heating with oil, selecting which of the 456 heating oil companies that serve Connecticut 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 268 “full-service” oil companies that serve Connecticut. Full service companies such as Ed's Garage Inc or Festi's Oil Service 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 Connecticut 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 Connecticut include HYBRID SERVICES LLC. and 1St Choice Fuel LLC.
Connecticut Heating Oil Company Fast Facts
Heating Oil Companies Serving Connecticut: 456 companies
Average Number Of Connecticut Homes Served Per Company: 1,183 homes
Average Gallons Delivered per Connecticut Oil Company: 871,230 gallons per year
Approximately 539,715 households in Connecticut heat their homes with fuel oil. This makes oil delivery essential, especially when Connecticut temperatures drop as low as 42.5° F each winter.
38% of Connecticut Households Rely On Heating Oil Delivery Each Winter
Connecticut Households | Connecticut Heating Oil Households |
---|---|
1.4M | 539,715 |
456 Connecticut Oil Companies Go the Distance
With 397 million gallons of heating oil delivered to Connecticut homeowners during the winter of 2023, the Connecticut community relies on its 456 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 Connecticut, two of the closest terminals are Buckeyees in New Haven, CT and Buckeyewf in New Haven, CT. Then, the truck delivers the #2 heating oil to homes and businesses in Connecticut.