Updated Today at 12:00 AM
Time Horizon | Price Change |
---|---|
1 Week Trend | -$0.006 |
1 Year Trend | -$0.133 |
Updated Today at 12:00 AM
Date | Average Oil Price |
---|---|
12/10/2024 | $3.160 |
12/09/2024 | $3.160 |
12/08/2024 | $3.160 |
12/07/2024 | $3.160 |
12/06/2024 | $3.170 |
12/05/2024 | $3.180 |
12/04/2024 | $3.180 |
12/03/2024 | $3.140 |
12/02/2024 | $3.110 |
12/01/2024 | $3.100 |
11/30/2024 | $3.100 |
11/29/2024 | $3.140 |
11/28/2024 | $3.130 |
11/27/2024 | $3.100 |
11/26/2024 | $3.060 |
11/25/2024 | $3.090 |
11/24/2024 | $3.080 |
11/23/2024 | $3.080 |
11/22/2024 | $3.070 |
11/21/2024 | $3.100 |
11/20/2024 | $3.110 |
11/19/2024 | $3.100 |
11/18/2024 | $3.090 |
11/17/2024 | $3.050 |
11/16/2024 | $3.050 |
11/15/2024 | $3.060 |
11/14/2024 | $3.070 |
11/13/2024 | $3.070 |
11/12/2024 | $3.070 |
11/11/2024 | $3.100 |
Homeowners have a variety of home heating fuels to choose from. Natural gas is the most popular choice in South Shore Massachusetts, used by 254,682 or 51.79% of homes. The 2nd most popular choice for South Shore Massachusetts homeowners is heating oil, used by 136,386 homes (27.74%). The remaining homes are heated with electricity (73,539), propane (22,139), wood (3,474), and other fuels (6,255).
South Shore Massachusetts Primary Home Heating Fuel Popularity by Number of Households
Fuel | South Shore Massachusetts Households | % of Households |
---|---|---|
Natural Gas | 254,682 | 51.8% |
Heating Oil | 136,386 | 27.7% |
Electricity | 73,539 | 15.0% |
Propane | 22,139 | 4.5% |
Wood | 3,474 | 0.7% |
Other Fuels | 3,237 | 0.7% |
No Fuel | 2,265 | 0.5% |
Solar | 537 | 0.1% |
Coal | 216 | 0.0% |
Natural gas (51.8%)
Heating oil (27.7%)
Electricity (15.0%)
Propane (4.5%)
Wood (0.7%)
Other fuels (0.7%)
No fuel (0.5%)
Solar (0.1%)
Coal (0.0%)
Heating oil has become more popular in South Shore Massachusetts. In the 2 years since 2020, the number of heating oil homes rose from 134,821 to 136,386, a 1.16% lift.
South Shore Massachusetts Heating Oil Households (2011 - 2022)
Year | Heating Oil Households |
---|---|
2011 | 168,032 |
2012 | 165,720 |
2013 | 161,173 |
2014 | 156,012 |
2015 | 151,703 |
2016 | 145,690 |
2017 | 143,331 |
2018 | 139,070 |
2019 | 135,342 |
2020 | 134,821 |
2021 | 135,307 |
2022 | 136,386 |
Between 2020 and today, the number of homes using propane as the primary space heating fuel rose from 17,972 to 22,139.
Between 2020 and today, the number of homes using natural gas as the primary space heating fuel rose from 234,319 to 254,682.
Electric space heating systems are becoming more popular in South Shore Massachusetts. Since 2020, the number of homes heating with electricity rose from 65,039 to 73,539, a 13.07% 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, 537 homes in South Shore Massachusetts are heated with active solar arrays. This is a 79.60% increase from 2020, when only 299 homes had installed active solar heating.
Last year, South Shore Massachusetts homeowners purchased a total of 582 million gallons of heating oil.
Short Term Trends
South Shore Massachusetts’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 South Shore Massachusetts, the average outside temperature was 0.6° F warmer than the prior winter's average outside temperature.
South Shore Massachusetts Average Winter Temperature
Heating Season | Average Temperature |
---|---|
Winter 2023 - 2024 | 40.9° F |
Winter 2022 - 2023 | 40.3° F |
For South Shore Massachusetts homeowners heating with oil, selecting which of the 264 heating oil companies that serve South Shore Massachusetts 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 130 “full-service” oil companies that serve South Shore Massachusetts. Full service companies such as Ruggiero Bros Inc or A Hohmann & Co Inc 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 South Shore Massachusetts 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 South Shore Massachusetts include Hingham Oil and Hughes Oil.
South Shore Massachusetts Heating Oil Company Fast Facts
Heating Oil Companies Serving South Shore Massachusetts: 264 companies
Average Number Of South Shore Massachusetts Homes Served Per Company: 516 homes
Approximately 1,772,587 households in South Shore Massachusetts heat their homes with fuel oil. This makes oil delivery essential, especially when South Shore Massachusetts temperatures drop as low as 42.5° F each winter.
32% of South Shore Massachusetts Households Rely On Heating Oil Delivery Each Winter
South Shore Massachusetts Households | South Shore Massachusetts Heating Oil Households |
---|---|
5.4M | 1.7M |
264 South Shore Massachusetts Oil Companies Go the Distance
With 582 million gallons of heating oil delivered to South Shore Massachusetts homeowners during the winter of 2023, the South Shore Massachusetts community relies on its 264 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 South Shore Massachusetts, two of the closest terminals are S.r.& M. in East Boston, MA and S.r.& M. in East Boston, MA. Then, the truck delivers the #2 heating oil to homes and businesses in South Shore Massachusetts.