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Cities In New Jersey with Local Oil Prices

New Jersey Heating Oil Price Trends

Updated on December 20, 2024 at 12:00 AM

Time HorizonPrice Change
1 Day Trend+$0.045
1 Week Trend+$0.107
1 Month Trend+$0.167
1 Year Trend-$0.043

New Jersey Heating Oil Price History

Updated on December 20, 2024 at 12:00 AM

DateAverage Oil Price
12/20/2024$3.178
12/19/2024$3.132
12/18/2024$3.119
12/17/2024$3.125
12/16/2024$3.104
12/13/2024$3.071
12/12/2024$3.071
12/11/2024$3.069
12/10/2024$3.068
12/09/2024$3.066
12/06/2024$3.070
12/05/2024$3.085
12/04/2024$2.994
12/03/2024$2.983
12/02/2024$3.035
11/29/2024$3.023
11/28/2024$3.029
11/27/2024$3.054
11/26/2024$3.018
11/25/2024$3.026
11/22/2024$3.060
11/21/2024$2.973
11/20/2024$2.955
11/19/2024$3.010
11/18/2024$2.952
11/15/2024$2.796
11/14/2024$2.810
11/13/2024$2.810
11/12/2024$2.810
11/11/2024$2.975

Propane vs. Natural Gas vs. Heating Oil: New Jersey Home Heating Fuel Comparison

Homeowners have a variety of home heating fuels to choose from. Natural gas is the most popular choice in New Jersey, used by 2,223,446 or 75.05% of homes. The 2nd most popular choice for New Jersey homeowners is electricity, used by 449,355 homes (15.17%). The remaining homes are heated with heating oil (189,055), propane (71,413), no fuel (27,236), and other fuels (28,815).

New Jersey Primary Home Heating Fuel Popularity by Number of Households

FuelNew Jersey Households % of Households
Natural Gas2.2M75.1%
Electricity449,35515.2%
Heating Oil189,0556.4%
Propane71,4132.4%
No Fuel27,2360.9%
Other Fuels16,2940.6%
Wood6,7390.2%
Solar5,1710.2%
Coal6110.0%

Natural gas (75.1%)

Electricity (15.2%)

Heating oil (6.4%)

Propane (2.4%)

No fuel (0.9%)

Other fuels (0.6%)

Wood (0.2%)

Solar (0.2%)

Coal (0.0%)

#2 Heating Oil (Fuel Oil) Use in New Jersey

Heating oil has become less popular in New Jersey. In the 10 years since 2012, the number of heating oil homes fell from 306,439 to 189,055, a 38.31% drop.

New Jersey Heating Oil Households (2011 - 2022)

YearHeating Oil Households
2011325,772
2012306,439
2013286,901
2014269,931
2015254,930
2016237,692
2017224,067
2018212,096
2019201,467
2020191,671
2021188,076
2022189,055

Propane vs. Natural Gas use for home heating in New Jersey

Between 2012 and today, the number of homes using propane as the primary space heating fuel rose from 40,777 to 71,413.

Between 2012 and today, the number of homes using natural gas as the primary space heating fuel rose from 2,009,822 to 2,223,446.

Electricity use for home heating in New Jersey

Electric space heating systems are becoming more popular in New Jersey. Since 2012, the number of homes heating with electricity rose from 277,236 to 449,355, a 62.08% increase.

Solar use for home heating in New Jersey

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, 5,171 homes in New Jersey are heated with active solar arrays. This is a 1578.90% increase from 2012, when only 308 homes had installed active solar heating.

New Jersey Heating Oil Trends

Last year, New Jersey homeowners purchased a total of 170 million gallons of heating oil.

Short Term Trends

New Jersey’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 Jersey, the average outside temperature was 4.5° F warmer than the prior winter's average outside temperature.

New Jersey Average Winter Temperature

Heating SeasonAverage Temperature
2024 - 202543.9° F
2023 - 202439.4° F

New Jersey Homeowner’s Guide to Selecting an Oil Company

For New Jersey homeowners heating with oil, selecting which of the 53 heating oil companies that serve New Jersey 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 6 “full-service” oil companies that serve New Jersey. Full service companies such as Lawes Home Comfort or Globe Petroleum 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 Jersey 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 Jersey include Jacquar Fuel Oil and Globe Discount.

New Jersey Heating Oil Company Fast Facts

Heating Oil Companies Serving New Jersey: 53 companies

Average Number Of New Jersey Homes Served Per Company: 4,875 homes

Average Gallons Delivered per New Jersey Oil Company: 3,203,734 gallons per year

New Jersey Heating Oil Delivery Overview

Approximately 241,763 households in New Jersey heat their homes with fuel oil. This makes oil delivery essential, especially when New Jersey temperatures drop as low as 42.5° F each winter.

7% of New Jersey Households Rely On Heating Oil Delivery Each Winter

New Jersey HouseholdsNew Jersey Heating Oil Households
3.3M241,763

53 New Jersey Oil Companies Go the Distance

With 170 million gallons of heating oil delivered to New Jersey homeowners during the winter of 2023, the New Jersey community relies on its 53 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 Jersey, two of the closest terminals are Buckeye in Buckeye, NJ and Meenan in Tullytown, PA. Then, the truck delivers the #2 heating oil to homes and businesses in New Jersey.