Updated Today at 12:00 AM
Date | Average Oil Price |
---|---|
10/14/2024 | $3.085 |
10/13/2024 | $3.085 |
10/12/2024 | $3.085 |
10/11/2024 | $3.085 |
10/10/2024 | $3.070 |
10/09/2024 | $3.085 |
10/08/2024 | $2.875 |
10/07/2024 | $3.020 |
10/06/2024 | $3.020 |
10/05/2024 | $3.020 |
10/04/2024 | $3.020 |
10/03/2024 | $2.963 |
10/02/2024 | $2.956 |
10/01/2024 | $2.956 |
09/30/2024 | $2.956 |
09/29/2024 | $2.954 |
09/28/2024 | $2.954 |
09/27/2024 | $2.954 |
09/26/2024 | $2.954 |
09/25/2024 | $2.954 |
09/24/2024 | $2.985 |
09/23/2024 | $2.993 |
09/22/2024 | $2.997 |
09/21/2024 | $2.997 |
09/20/2024 | $2.997 |
09/19/2024 | $2.991 |
09/18/2024 | $3.001 |
09/17/2024 | $2.976 |
09/16/2024 | $2.979 |
09/15/2024 | $2.984 |
Homeowners have a variety of home heating fuels to choose from. Natural gas is the most popular choice in Monmouth County, used by 2,618,092 or 74.00% of homes. The 2nd most popular choice for Monmouth County homeowners is electricity, used by 532,344 homes (15.05%). The remaining homes are heated with heating oil (258,381), propane (91,132), no fuel (30,011), and other fuels (40,620).
Monmouth County Primary Home Heating Fuel Popularity by Number of Households
Fuel | Monmouth County Households | % of Households |
---|---|---|
Natural Gas | 2.6M | 74.00% |
Electricity | 532,344 | 15.05% |
Heating Oil | 258,381 | 7.30% |
Propane | 91,132 | 2.58% |
No Fuel | 30,011 | 0.85% |
Other Fuels | 19,813 | 0.56% |
Wood | 12,502 | 0.35% |
Solar | 7,334 | 0.21% |
Coal | 971 | 0.03% |
Natural gas (74.00)
Electricity (15.05)
Heating oil (7.30)
Propane (2.58)
No fuel (0.85)
Other fuels (0.56)
Wood (0.35)
Solar (0.21)
Coal (0.03)
Heating oil has become less popular in Monmouth County. In the 2 years since 2020, the number of heating oil homes fell from 260,383 to 258,381, a 0.77% drop.
Monmouth County Heating Oil Households (2011 - 2022)
Year | Heating Oil Households |
---|---|
2011 | 420,231 |
2012 | 397,731 |
2013 | 374,390 |
2014 | 353,791 |
2015 | 336,160 |
2016 | 314,964 |
2017 | 298,525 |
2018 | 284,056 |
2019 | 271,250 |
2020 | 260,383 |
2021 | 256,421 |
2022 | 258,381 |
Between 2020 and today, the number of homes using propane as the primary space heating fuel rose from 71,033 to 91,132.
Between 2020 and today, the number of homes using natural gas as the primary space heating fuel rose from 2,437,680 to 2,618,092.
Electric space heating systems are becoming more popular in Monmouth County. Since 2020, the number of homes heating with electricity rose from 450,140 to 532,344, a 18.26% 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, 7,334 homes in Monmouth County are heated with active solar arrays. This is a 52.79% increase from 2020, when only 4,800 homes had installed active solar heating.
Last year, Monmouth County homeowners purchased a total of 6 million gallons of heating oil.
Short Term Trends
Monmouth County’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 Monmouth County, the average outside temperature was 8.1° F colder than the prior winter's average outside temperature.
Monmouth County Average Winter Temperature
Heating Season | Average Temperature |
---|---|
Winter 2023 - 2024 | 57° F |
Winter 2022 - 2023 | 65.1° F |
For Monmouth County homeowners heating with oil, selecting which of the 126 heating oil companies that serve Monmouth County 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 98 “full-service” oil companies that serve Monmouth County. 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 Monmouth County 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 Monmouth County include E & S Heating & Cooling LLC and Jacquar Fuel Oil.
Monmouth County Heating Oil Company Fast Facts
Heating Oil Companies Serving Monmouth County: 126 companies
Average Number Of Monmouth County Homes Served Per Company: 68 homes
Average Gallons Delivered per Monmouth County Oil Company: 44,916 gallons per year
Approximately 8,612 households in Monmouth County heat their homes with fuel oil. This makes oil delivery essential, especially when Monmouth County temperatures drop as low as 42.5° F each winter.
3% of Monmouth County Households Rely On Heating Oil Delivery Each Winter
Monmouth County Households | Monmouth County Heating Oil Households |
---|---|
242,163 | 8,612 |
3,047 Monmouth County Oil Companies Go the Distance
With 6 million gallons of heating oil delivered to Monmouth County homeowners during the winter of 2023, the Monmouth County community relies on its 3,047 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 Monmouth County, two of the closest terminals are Buckeye in Newark, NJ and Psx in Tremley Point, NJ. Then, the truck delivers the #2 heating oil to homes and businesses in Monmouth County.