Updated Today at 12:00 AM
Time Horizon | Price Change |
---|---|
1 Month Trend | +$0.029 |
1 Year Trend | -$0.043 |
Updated Today at 12:00 AM
Date | Average Oil Price |
---|---|
11/05/2024 | $3.226 |
11/04/2024 | $3.226 |
11/01/2024 | $3.226 |
10/31/2024 | $3.226 |
10/30/2024 | $3.226 |
10/29/2024 | $3.226 |
10/28/2024 | $3.226 |
10/25/2024 | $3.226 |
10/24/2024 | $3.234 |
10/23/2024 | $3.234 |
10/22/2024 | $3.234 |
10/21/2024 | $3.241 |
10/18/2024 | $3.271 |
10/17/2024 | $3.271 |
10/16/2024 | $3.278 |
10/15/2024 | $3.278 |
10/14/2024 | $3.274 |
10/11/2024 | $3.265 |
10/10/2024 | $3.256 |
10/09/2024 | $3.249 |
10/08/2024 | $3.268 |
10/07/2024 | $3.206 |
10/04/2024 | $3.201 |
10/03/2024 | $3.197 |
10/02/2024 | $3.193 |
10/01/2024 | $3.199 |
09/30/2024 | $3.199 |
09/27/2024 | $3.205 |
09/26/2024 | $3.205 |
09/25/2024 | $3.219 |
Homeowners have a variety of home heating fuels to choose from. Heating oil is the most popular choice in New Hampshire, used by 199,201 or 40.68% of homes. The 2nd most popular choice for New Hampshire homeowners is natural gas, used by 116,398 homes (23.77%). The remaining homes are heated with propane (86,154), electricity (53,706), wood (26,906), and other fuels (14,611).
New Hampshire Primary Home Heating Fuel Popularity by Number of Households
Fuel | New Hampshire Households | % of Households |
---|---|---|
Heating Oil | 199,201 | 40.68% |
Natural Gas | 116,398 | 23.77% |
Propane | 86,154 | 17.59% |
Electricity | 53,706 | 10.97% |
Wood | 26,906 | 5.49% |
Other Fuels | 9,113 | 1.86% |
No Fuel | 4,353 | 0.89% |
Coal | 596 | 0.12% |
Solar | 549 | 0.11% |
Heating oil (40.68)
Natural gas (23.77)
Propane (17.59)
Electricity (10.97)
Wood (5.49)
Other fuels (1.86)
No fuel (0.89)
Coal (0.12)
Solar (0.11)
Heating oil has become less popular in New Hampshire. In the 6 years since 2016, the number of heating oil homes fell from 208,537 to 199,201, a 4.48% drop.
New Hampshire Heating Oil Households (2011 - 2022)
Year | Heating Oil Households |
---|---|
2011 | 228,537 |
2012 | 224,820 |
2013 | 219,493 |
2014 | 214,277 |
2015 | 211,487 |
2016 | 208,537 |
2017 | 206,562 |
2018 | 205,597 |
2019 | 205,560 |
2020 | 204,949 |
2021 | 201,643 |
2022 | 199,201 |
Between 2016 and today, the number of homes using propane as the primary space heating fuel rose from 64,716 to 86,154.
Between 2016 and today, the number of homes using natural gas as the primary space heating fuel rose from 102,896 to 116,398.
Electric space heating systems are becoming more popular in New Hampshire. Since 2016, the number of homes heating with electricity rose from 41,386 to 53,706, a 29.77% 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, 549 homes in New Hampshire are heated with active solar arrays. This is a 61.00% increase from 2016, when only 341 homes had installed active solar heating.
Last year, New Hampshire homeowners purchased a total of 199 million gallons of heating oil.
Short Term Trends
New Hampshire’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 New Hampshire, the average outside temperature was 17.5° F colder than the prior winter's average outside temperature.
New Hampshire Average Winter Temperature
Heating Season | Average Temperature |
---|---|
Winter 2023 - 2024 | 46.3° F |
Winter 2022 - 2023 | 63.8° F |
For New Hampshire homeowners heating with oil, selecting which of the 84 heating oil companies that serve New Hampshire 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 11 “full-service” oil companies that serve New Hampshire. Full service companies such as Dutile & Sons Oil Company Inc or Discount Oil Of Keene 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 New Hampshire 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 New Hampshire include Foley Oil & Propane and Foley Oil Company Inc.
New Hampshire Heating Oil Company Fast Facts
Heating Oil Companies Serving New Hampshire: 84 companies
Average Number Of New Hampshire Homes Served Per Company: 2,675 homes
Average Gallons Delivered per New Hampshire Oil Company: 2,374,546 gallons per year
Approximately 221,246 households in New Hampshire heat their homes with fuel oil. This makes oil delivery essential, especially when New Hampshire temperatures drop as low as 42.5° F each winter.
41% of New Hampshire Households Rely On Heating Oil Delivery Each Winter
New Hampshire Households | New Hampshire Heating Oil Households |
---|---|
536,977 | 221,246 |
84 New Hampshire Oil Companies Go the Distance
With 199 million gallons of heating oil delivered to New Hampshire homeowners during the winter of 2023, the New Hampshire community relies on its 84 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 New Hampshire, two of the closest terminals are Sprague in So. Portland, ME and Buckeye in South Portland, ME. Then, the truck delivers the #2 heating oil to homes and businesses in New Hampshire.