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Oil Prices Drop $0.03 Per Gallon

Weekly Oil Price Update -

Sponsored by: HeatFleet.com Local Heating Oil Deal Search

By Josh Van Niekerk, Ian Patrick

Heating oil price trends for CT, MA, NY, and Long Island for the week of March 17 - March 24, 2025.
1-Week Regional Heating Oil Price Trend
(3/17/25 - 3/24/25)
Graph showing the average U.S. home heating oil prices from December to March 2025, declining to $3.26 per gallon.
3-Month National Heating Oil Price Trend
(12/24/24 - 3/24/25)
Graph of U.S. heating oil prices from March 17 - March 24, 2025, with a fuel truck. Prices fluctuate slightly around $3.26.
1-Week National Heating Oil Price Trend
(3/17/25 - 3/24/25)
Over the past week, retail residential oil prices dropped 3 cents per gallon. The national average oil price moved from $3.29 on March 17th, 2025 to $3.26 today.

Regional Heating Oil Price Per Gallon Trends
One Week Change (week of 03/17/25 - 03/24/25)
Long Island: $3.13 ↑ UP $0.01
New York: $3.42 -- UNCHANGED
Massachusetts: $3.30 ↓ DOWN $0.02
Connecticut: $3.13 ↓ DOWN $0.02

Long Island #2 Home Heating Oil Price Trends
Average oil prices in Long Island advanced from $3.12 to $3.13 over the past seven days.
This doubles back the longer term 30-day trend where Long Island residents have seen the price per gallon of #2 oil fall by 38 cents.

New York Heating Oil Price Trends
Average oil prices in New York hold steady at $3.42 over the past seven days.
Over the longer term, in the last month, New York residents have seen the price per gallon of home oil fall by 30 cents.

Massachusetts Oil Price Trends
Average home heating oil prices in Massachusetts dropped from $3.32 to $3.30 in the last seven days.
This continues the longer term 30-day trend where Massachusetts homeowners have seen the price per gallon of residential fuel oil pull back by 33 cents.

Connecticut Heating Oil Price Trends
Average residential oil prices in Connecticut dipped from $3.15 to $3.13 in the last seven days.
This extends the longer term 30-day trend where Connecticut residents have seen the price per gallon of #2 home heating oil fall by 40 cents.

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