Updated Today at 12:00 AM
Time Horizon | Price Change |
---|---|
1 Week Trend | -$0.010 |
1 Month Trend | -$0.066 |
1 Year Trend | -$0.189 |
Updated Today at 12:00 AM
Date | Average Oil Price |
---|---|
11/22/2024 | $2.830 |
11/21/2024 | $2.830 |
11/20/2024 | $2.830 |
11/19/2024 | $2.830 |
11/18/2024 | $2.830 |
11/17/2024 | $2.890 |
11/16/2024 | $2.890 |
11/15/2024 | $2.840 |
11/14/2024 | $2.860 |
11/13/2024 | $2.860 |
11/12/2024 | $2.860 |
11/11/2024 | $2.860 |
11/10/2024 | $2.760 |
11/09/2024 | $2.760 |
11/08/2024 | $2.830 |
11/07/2024 | $2.830 |
11/06/2024 | $2.830 |
11/05/2024 | $2.830 |
11/04/2024 | $2.830 |
11/03/2024 | $2.830 |
11/02/2024 | $2.830 |
11/01/2024 | $2.830 |
10/31/2024 | $2.830 |
10/30/2024 | $2.830 |
10/29/2024 | $2.830 |
10/28/2024 | $2.850 |
10/27/2024 | $2.850 |
10/26/2024 | $2.850 |
10/25/2024 | $2.850 |
10/24/2024 | $2.850 |
Homeowners have a variety of home heating fuels to choose from. Heating oil is the most popular choice in Mid Coast Maine, used by 38,912 or 59.26% of homes. The 2nd most popular choice for Mid Coast Maine homeowners is propane, used by 11,181 homes (17.03%). The remaining homes are heated with wood (8,428), electricity (5,407), natural gas (1,508), and other fuels (1,697).
Mid Coast Maine Primary Home Heating Fuel Popularity by Number of Households
Fuel | Mid Coast Maine Households | % of Households |
---|---|---|
Heating Oil | 38,912 | 59.3% |
Propane | 11,181 | 17.0% |
Wood | 8,428 | 12.8% |
Electricity | 5,407 | 8.2% |
Natural Gas | 1,508 | 2.3% |
Other Fuels | 948 | 1.4% |
Solar | 475 | 0.7% |
No Fuel | 144 | 0.2% |
Coal | 130 | 0.2% |
Heating oil (59.3%)
Propane (17.0%)
Wood (12.8%)
Electricity (8.2%)
Natural gas (2.3%)
Other fuels (1.4%)
Solar (0.7%)
No fuel (0.2%)
Coal (0.2%)
Heating oil has become less popular in Mid Coast Maine. In the 6 years since 2016, the number of heating oil homes fell from 40,739 to 38,912, a 4.48% drop.
Mid Coast Maine Heating Oil Households (2011 - 2022)
Year | Heating Oil Households |
---|---|
2011 | 44,292 |
2012 | 43,587 |
2013 | 42,646 |
2014 | 41,497 |
2015 | 40,889 |
2016 | 40,739 |
2017 | 40,432 |
2018 | 40,513 |
2019 | 40,570 |
2020 | 40,522 |
2021 | 39,520 |
2022 | 38,912 |
Between 2016 and today, the number of homes using propane as the primary space heating fuel rose from 7,040 to 11,181.
Between 2016 and today, the number of homes using natural gas as the primary space heating fuel rose from 696 to 1,508.
Electric space heating systems are becoming more popular in Mid Coast Maine. Since 2016, the number of homes heating with electricity rose from 3,442 to 5,407, a 57.09% 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, 475 homes in Mid Coast Maine are heated with active solar arrays. This is a 379.80% increase from 2016, when only 99 homes had installed active solar heating.
Last year, Mid Coast Maine homeowners purchased a total of 247 million gallons of heating oil.
Short Term Trends
Mid Coast Maine’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 Mid Coast Maine, the average outside temperature was 7.0° F warmer than the prior winter's average outside temperature.
Mid Coast Maine Average Winter Temperature
Heating Season | Average Temperature |
---|---|
Winter 2023 - 2024 | 42.4° F |
Winter 2022 - 2023 | 35.4° F |
For Mid Coast Maine homeowners heating with oil, selecting which of the 30 heating oil companies that serve Mid Coast Maine 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 5 “full-service” oil companies that serve Mid Coast Maine. Full service companies such as Ness Oil Company or MA Haskell Fuel Company LLC 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 Mid Coast Maine 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 Mid Coast Maine include Crowley Energy and Kennebec Energy LLC.
Mid Coast Maine Heating Oil Company Fast Facts
Heating Oil Companies Serving Mid Coast Maine: 30 companies
Average Number Of Mid Coast Maine Homes Served Per Company: 1,297 homes
Approximately 493,692 households in Mid Coast Maine heat their homes with fuel oil. This makes oil delivery essential, especially when Mid Coast Maine temperatures drop as low as 42.5° F each winter.
63% of Mid Coast Maine Households Rely On Heating Oil Delivery Each Winter
Mid Coast Maine Households | Mid Coast Maine Heating Oil Households |
---|---|
775,137 | 493,692 |
30 Mid Coast Maine Oil Companies Go the Distance
With 247 million gallons of heating oil delivered to Mid Coast Maine homeowners during the winter of 2023, the Mid Coast Maine community relies on its 30 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 Mid Coast Maine, two of the closest terminals are Buckeye in Bangor, ME and Pbt in Brewer, ME. Then, the truck delivers the #2 heating oil to homes and businesses in Mid Coast Maine.