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Residential Oil Prices Dip $0.04 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 $3.37 per gallon.
U.S. Weekly Heating Oil Trend
Heating oil price trends for CT, MA, NY, and Long Island for the week of May 20, 2024.
Heating Oil Best Prices
Graph of U.S. heating oil prices from May 13-20, 2024, with a fuel truck. Prices fluctuate slightly around $3.37.
U.S. Home Heating Oil
Over the past week, retail home fuel oil prices dipped 4 cents per gallon. The national average oil price moved from $3.41 on May 13th, 2024 to $3.37 today.

Regional Heating Oil Price Per Gallon Trends
One Week Change (week of 05/13/24 - 05/20/24)
Long Island: $3.21 ↓ DOWN $0.02
New York: $3.36 ↓ DOWN $0.07
Massachusetts: $3.41 ↓ DOWN $0.04
Connecticut: $3.22 ↓ DOWN $0.04

Long Island Residential Heating Oil Price Trends
Average residential oil prices in Long Island fell from $3.23 to $3.21 over the past seven days.
This extends the longer term 30-day trend where Long Island homeowners have seen the price per gallon of home heating oil pull back by 22 cents.

New York Home Heating Oil Price Trends
Average #2 fuel oil prices in New York dipped from $3.43 to $3.36 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 residential heating oil dip by 20 cents.

Massachusetts Oil Price Trends
Average heating oil prices in Massachusetts pulled back from $3.45 to $3.41 over the past seven days.
This continues the longer term 30-day trend where Massachusetts residents have seen the price per gallon of #2 residential heating oil drop by 14 cents.

Connecticut Heating Oil Price Trends
Average #2 heating oil prices in Connecticut dipped from $3.26 to $3.22 over the past seven days.
This extends the longer term 30-day trend where Connecticut homeowners have seen the price per gallon of home fuel oil drop by 19 cents.

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