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Residential Oil Prices Pull Back $0.06 Per Gallon

Weekly Oil Price Update -

Sponsored by: HeatFleet.com Local Heating Oil Deal Search

By Paul Sebastian

Graph showing the average U.S. home heating oil prices from February to May 2024, declining to $3.46 per gallon.
U.S. Weekly Heating Oil Trend
Heating oil price trends for CT, MA, NY, and Long Island for the week of May 06, 2024.
Heating Oil Best Prices
Graph of U.S. heating oil prices from May 29-6, 2024, with a fuel truck. Prices fluctuate slightly around $3.46.
U.S. Home Heating Oil
In the last week, retail home heating oil prices dropped 6 cents per gallon. The national average oil price moved from $3.52 on April 29th, 2024 to $3.46 today.

Regional Heating Oil Price Per Gallon Trends
One Week Change (week of 04/29/24 - 05/06/24)
Long Island: $3.29 ↓ DOWN $0.10
New York: $3.47 ↓ DOWN $0.08
Massachusetts: $3.50 ↓ DOWN $0.07
Connecticut: $3.30 ↓ DOWN $0.04

Long Island #2 Heating Oil Price Trends
Average residential heating oil prices in Long Island pulled back from $3.39 to $3.29 in the last seven days.
This extends the longer term 30-day trend where Long Island homeowners have seen the price per gallon of home heating oil dip by 26 cents.

New York Oil Price Trends
Average #2 home fuel oil prices in New York pulled back from $3.55 to $3.47 in the last seven days.
This continues the longer term 30-day trend where New York homeowners have seen the price per gallon of #2 home oil drop by 18 cents.

Massachusetts Residential Heating Oil Price Trends
Average #2 home heating oil prices in Massachusetts fell from $3.57 to $3.50 over the past seven days.
This continues the longer term 30-day trend where Massachusetts residents have seen the price per gallon of #2 home heating oil fall by 15 cents.

Connecticut #2 Home Heating Oil Price Trends
Average #2 residential heating oil prices in Connecticut dropped from $3.34 to $3.30 in the last seven days.
This continues the longer term 30-day trend where Connecticut residents have seen the price per gallon of oil pull back by 23 cents.

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