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#2 Heating Oil Prices Dip $0.05 Per Gallon

Weekly Oil Price Update -

Sponsored by: HeatFleet.com Local Heating Oil Deal Search

By Josh Van Niekerk, Ian Patrick

Graph showing the average U.S. home heating oil prices from May to August 2024, declining to $3.19 per gallon.
3 Month Heating Oil Price Trend
Graph of U.S. heating oil prices from August 5-12, 2024, with a fuel truck. Prices fluctuate slightly around $3.19.
7 Day Heating Oil Price Trend
Heating oil price trends for CT, MA, NY, and Long Island for the week of August 12, 2024.
Regional Heating Oil Price Trends
Over the past week, retail fuel oil prices pulled back 5 cents per gallon. The national average oil price changed from $3.24 on August 5th, 2024 to $3.19 today.

Regional Heating Oil Price Per Gallon Trends
One Week Change (week of 08/05/24 - 08/12/24)
Long Island: $3.03 ↑ UP $0.04
New York: $3.12 ↑ UP $0.01
Massachusetts: $3.19 ↑ UP $0.02
Connecticut: $3.01 ↓ DOWN $0.03

Long Island Fuel Oil Price Trends
Average #2 residential oil prices in Long Island rose from $2.99 to $3.03 in the last seven days.
This reverses the longer term 30-day trend where Long Island residents have seen the price per gallon of home oil drop by 15 cents.

New York Home Oil Price Trends
Average oil prices in New York climbed from $3.11 to $3.12 over the past seven days.
This doubles back the longer term 30-day trend where New York homeowners have seen the price per gallon of heating oil drop by 23 cents.

Massachusetts Oil Price Trends
Average home fuel oil prices in Massachusetts ascended from $3.17 to $3.19 over the past seven days.
This reverses the longer term 30-day trend where Massachusetts residents have seen the price per gallon of residential fuel oil fall by 12 cents.

Connecticut Residential Fuel Oil Price Trends
Average home oil prices in Connecticut fell from $3.04 to $3.01 in the last seven days.
This extends the longer term 30-day trend where Connecticut homeowners have seen the price per gallon of residential heating oil drop by 19 cents.

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