Updated Today at 12:00 AM
Time Horizon | Price Change |
---|---|
1 Week Trend | +$0.047 |
1 Month Trend | +$0.009 |
1 Year Trend | -$0.091 |
Updated Today at 12:00 AM
Date | Average Oil Price |
---|---|
11/29/2024 | $3.110 |
11/28/2024 | $3.110 |
11/27/2024 | $3.080 |
11/26/2024 | $3.030 |
11/25/2024 | $3.050 |
11/24/2024 | $3.050 |
11/23/2024 | $3.050 |
11/22/2024 | $2.980 |
11/21/2024 | $2.920 |
11/20/2024 | $2.930 |
11/19/2024 | $2.900 |
11/18/2024 | $2.920 |
11/17/2024 | $2.920 |
11/16/2024 | $2.920 |
11/15/2024 | $2.940 |
11/14/2024 | $2.950 |
11/13/2024 | $2.950 |
11/12/2024 | $2.970 |
11/11/2024 | $2.980 |
11/10/2024 | $2.980 |
11/09/2024 | $2.980 |
11/08/2024 | $3.040 |
11/07/2024 | $3.040 |
11/06/2024 | $3.040 |
11/05/2024 | $3.040 |
11/04/2024 | $3.040 |
11/03/2024 | $3.040 |
11/02/2024 | $3.040 |
11/01/2024 | $3.040 |
10/31/2024 | $3.040 |
Homeowners have a variety of home heating fuels to choose from. Natural gas is the most popular choice in Western Mass, used by 140,247 or 42.90% of homes. The 2nd most popular choice for Western Mass homeowners is heating oil, used by 90,376 homes (27.64%). The remaining homes are heated with electricity (60,612), propane (21,112), wood (10,122), and other fuels (8,447).
Western Mass Primary Home Heating Fuel Popularity by Number of Households
Fuel | Western Mass Households | % of Households |
---|---|---|
Natural Gas | 140,247 | 42.9% |
Heating Oil | 90,376 | 27.6% |
Electricity | 60,612 | 18.5% |
Propane | 21,112 | 6.5% |
Wood | 10,122 | 3.1% |
Other Fuels | 4,268 | 1.3% |
No Fuel | 2,672 | 0.8% |
Solar | 1,078 | 0.3% |
Coal | 429 | 0.1% |
Natural gas (42.9%)
Heating oil (27.6%)
Electricity (18.5%)
Propane (6.5%)
Wood (3.1%)
Other fuels (1.3%)
No fuel (0.8%)
Solar (0.3%)
Coal (0.1%)
Heating oil has become less popular in Western Mass. In the 6 years since 2016, the number of heating oil homes fell from 95,698 to 90,376, a 5.56% drop.
Western Mass Heating Oil Households (2011 - 2022)
Year | Heating Oil Households |
---|---|
2011 | 119,918 |
2012 | 115,290 |
2013 | 110,154 |
2014 | 104,115 |
2015 | 99,825 |
2016 | 95,698 |
2017 | 93,264 |
2018 | 91,567 |
2019 | 92,494 |
2020 | 91,445 |
2021 | 90,477 |
2022 | 90,376 |
Between 2016 and today, the number of homes using propane as the primary space heating fuel rose from 14,567 to 21,112.
Between 2016 and today, the number of homes using natural gas as the primary space heating fuel rose from 129,671 to 140,247.
Electric space heating systems are becoming more popular in Western Mass. Since 2016, the number of homes heating with electricity rose from 51,926 to 60,612, a 16.73% 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, 1,078 homes in Western Mass are heated with active solar arrays. This is a 413.33% increase from 2016, when only 210 homes had installed active solar heating.
Last year, Western Mass homeowners purchased a total of 582 million gallons of heating oil.
Short Term Trends
Western Mass’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 Western Mass, the average outside temperature was 8.0° F colder than the prior winter's average outside temperature.
Western Mass Average Winter Temperature
Heating Season | Average Temperature |
---|---|
Winter 2023 - 2024 | 24.6° F |
Winter 2022 - 2023 | 32.6° F |
For Western Mass homeowners heating with oil, selecting which of the 85 heating oil companies that serve Western Mass 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 38 “full-service” oil companies that serve Western Mass. Full service companies such as Richard's Fuel & Heating Inc or HOP Energy 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 Western Mass 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 Western Mass include Patterson Fuel Co and Anytime Oil.
Western Mass Heating Oil Company Fast Facts
Heating Oil Companies Serving Western Mass: 85 companies
Average Number Of Western Mass Homes Served Per Company: 1,115 homes
Approximately 1,237,040 households in Western Mass heat their homes with fuel oil. This makes oil delivery essential, especially when Western Mass temperatures drop as low as 42.5° F each winter.
31% of Western Mass Households Rely On Heating Oil Delivery Each Winter
Western Mass Households | Western Mass Heating Oil Households |
---|---|
3.8M | 1.2M |
85 Western Mass Oil Companies Go the Distance
With 582 million gallons of heating oil delivered to Western Mass homeowners during the winter of 2023, the Western Mass community relies on its 85 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 Western Mass, 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 Western Mass.