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Save on Heating Oil: Compare Prices from Canaan Suppliers

Oil Prices in Canaan, ME

Updated Today at 10:28 AM

Heating Oil Company	Oil Price Per Gallon	Cash Discount	Volume Discount
Bobs Cash Fuel	$3.20	Yes	Yes
Waldo Country Oil & Propane	Call for price	No	No
Polar Bear Oil Co Inc	Call for price	No	No

Why Canaan Homeowners Choose Heat Fleet?

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We promote residential heating oil savings in Canaan by providing real-time Canaan heating oil prices and state-of-the-art secure online ordering.

Canaan, ME Cash heating Oil delivery map

Map of the COD Fuel Oil delivery service area for Canaan, ME

Order Size (gallons)	Credit (per gallon)(/gal)	Cash (per gallon)(/gal)	Updated At
100	$3.20	$3.20	Dec 30, 2024, 9:00 AM
150	$3.20	$3.20	Dec 30, 2024, 9:00 AM
200	$3.20	$3.20	Dec 30, 2024, 9:00 AM
250	$3.20	$3.20	Dec 30, 2024, 9:00 AM

Canaan Heating Oil Price History

Updated Today at 12:00 AM

Date	Average Oil Price
12/30/2024	$3.199
12/29/2024	$3.199
12/28/2024	$3.199
12/27/2024	$3.099
12/26/2024	$3.099
12/25/2024	$3.099
12/24/2024	$3.099
12/23/2024	$3.099
12/22/2024	$3.099
12/21/2024	$3.099
12/20/2024	$3.099
12/19/2024	$3.099
12/18/2024	$3.099
12/17/2024	$3.069
12/16/2024	$3.069
12/15/2024	$3.069
12/14/2024	$3.069
12/13/2024	$3.069
12/12/2024	$3.069
12/11/2024	$3.069
12/10/2024	$3.069
10/14/2024	$2.999
10/13/2024	$2.999
10/12/2024	$2.999
10/11/2024	$2.999
10/10/2024	$2.999
10/09/2024	$2.999
10/08/2024	$2.999
10/07/2024	$3.049
10/06/2024	$3.049

Propane vs. Natural Gas vs. Heating Oil: Canaan Home Heating Fuel Comparison

Homeowners have a variety of home heating fuels to choose from. Heating oil is the most popular choice in Canaan, used by 376 or 40.43% of homes. The 2nd most popular choice for Canaan homeowners is wood, used by 374 homes (40.22%). The remaining homes are heated with electricity (111), propane (96), other fuels (7).

Canaan Primary Home Heating Fuel Popularity by Number of Households

Fuel	Canaan Households	% of Households
Heating Oil	376	40.4%
Wood	374	40.2%
Electricity	111	11.9%
Propane	96	10.3%
Other Fuels	7	0.8%

Heating oil (40.4%)

Wood (40.2%)

Electricity (11.9%)

Propane (10.3%)

Other fuels (0.8%)

#2 Heating Oil (Fuel Oil) Use in Canaan

Heating oil has become less popular in Canaan. In the 8 years since 2014, the number of heating oil homes fell from 457 to 376, a 17.72% drop.

Canaan Heating Oil Households (2011 - 2022)

Year	Heating Oil Households
2011	534
2012	472
2013	423
2014	457
2015	475
2016	536
2017	506
2018	536
2019	494
2020	494
2021	431
2022	376

Propane vs. Natural Gas use for home heating in Canaan

Between 2014 and today, the number of homes using propane as the primary space heating fuel fell from 120 to 96.

Natural gas pipes have not been installed into homes in Canaan.

Electricity use for home heating in Canaan

Electric space heating systems are becoming more popular in Canaan. Since 2014, the number of homes heating with electricity rose from 8 to 111, a 1287.50% increase.

Solar use for home heating in Canaan

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.

Homeowners in Canaan have not yet adopted solar heating.

Canaan, ME Heating Oil Trends

Last year, Canaan homeowners purchased a total of 269,694 gallons of heating oil. Out of the 277 towns in Maine, Canaan ranks 203^rd for home heating oil consumption.

Country-wide, Canaan ranks 2348^th out of 29,620 towns in America for heating oil consumption.

Short Term Trends

Canaan’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 Canaan, the average outside temperature was 2.7° F warmer than the prior winter's average outside temperature.

Canaan Average Winter Temperature

Heating Season	Average Temperature
2024 - 2025	31.7° F
2023 - 2024	29° F

Canaan Homeowner’s Guide to Selecting an Oil Company

For Canaan homeowners heating with oil, selecting which of the 3 heating oil companies that serve Canaan 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 1 “full-service” oil companies that serve Canaan. Full service companies such as Bobs Cash Fuel or undefined 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 Canaan 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 Canaan include Waldo Country Oil & Propane and Polar Bear Oil Co Inc.

Canaan Heating Oil Company Fast Facts

Heating Oil Companies Serving Canaan: 3 companies

Average Distance From Oil Company to Canaan: 18 miles

Average Number Of Canaan Homes Served Per Company: 125 homes

Average Gallons Delivered per Canaan Oil Company: 89,898 gallons per year

Canaan, ME Heating Oil Delivery Overview

Approximately 376 households in Canaan, ME heat their homes with fuel oil. This makes oil delivery essential, especially when Canaan, ME temperatures drop as low as 42.5° F each winter.

40% of Canaan, ME Households Rely On Heating Oil Delivery Each Winter

Canaan, ME Households	Canaan, ME Heating Oil Households
930	376

3 Canaan, ME Oil Companies Go the Distance

With 269,694 gallons of heating oil delivered to Canaan, ME homeowners during the winter of 2023, the Canaan, ME community relies on its 3 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 Canaan, ME, two of the closest terminals are Buckeye in Bangor, ME and Pbt in Brewer, ME. Then, the truck delivers the #2 heating oil to homes and businesses in Canaan, ME.

Canaan Heating Oil Prices FAQs

Is the price of heating oil in Canaan, ME rising or falling?

The price of heating oil in Canaan, ME has been rising over the last 7 days, with a total decrease of $0.10 per gallon.

What is the price of home heating oil today in Canaan, ME?

Today in Canaan, ME, the price of home heating oil is $3.20 per gallon, which amounts to $319.90 for a 100-gallon order (excluding any applicable taxes).

Why are heating oil prices rising today in Canaan, ME?

Heating oil prices in Canaan, ME have not changed in the last 24 hours.

Is heating oil going up or down in Canaan, ME?

Heating oil prices have gone up in Canaan, ME by $0.10 per gallon over the past 7 days, which amounts to a $10.00 for a 100-gallon order.

How high will oil go in Canaan, ME?

There’s no limit to how high oil prices can go in Canaan, ME. Over the past year, Canaan, ME heating oil prices per gallon have risen as high as $5.75 for a 100-gallon order. This is $2.55 per gallon more than the current average price of $3.20, and $2.55 per gallon more than the lowest price currently available, which is $3.20. Home heating oil prices fluctuate daily based on several factors, including demand, local fuel inventories at terminals (such as CITGO), and the price of crude oil.