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Best Oil Prices By State
Updated on November 6, 2024 at 06:04 PM
| Connecticut Oil Prices from $2.59 per gallon/gal |
| Massachusetts Oil Prices from $2.60 per gallon/gal |
| New York Oil Prices from $2.11 per gallon/gal |
| New Hampshire Oil Prices from $3.04 per gallon/gal |
| Vermont Oil Prices from $3.30 per gallon/gal |
| Rhode Island Oil Prices from $2.65 per gallon/gal |
| Maine Oil Prices from $2.69 per gallon/gal |
| New Jersey Oil Prices from $2.70 per gallon/gal |
| Pennsylvania Oil Prices from $2.60 per gallon/gal |
| Long Island Oil Prices from $2.11 per gallon/gal |
Why U.S. Homeowners Choose Heat Fleet
Quality Oil
On-Time Delivery
No Contracts
Secure Ordering
Trusted Local Providers
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As an active member of national and regional trade associations, we promote oil price reduction by introducing online commerce to the industry.
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How Heat Fleet Saves You Money
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Best Oil Prices Per Gallon
| Order Size (gallons) | Credit (per gallon)(/gal) | Cash (per gallon)(/gal) | Updated At |
|---|---|---|---|
| 100 | $2.16 | $2.11 | Oct 31, 2024, 3:00 PM |
| 150 | $2.15 | $2.10 | Oct 31, 2024, 3:00 PM |
| 200 | $2.15 | $2.10 | Oct 31, 2024, 3:00 PM |
| 250 | $2.15 | $2.10 | Oct 31, 2024, 3:00 PM |
Heating Oil Price Trends
Updated on November 6, 2024 at 12:00 AM
| Time Horizon | Price Change |
|---|---|
| 1 Day Trend | +$0.011 |
| 1 Week Trend | -$0.018 |
| 1 Month Trend | +$0.038 |
| 1 Year Trend | -$0.661 |
Heating Oil Price History
Updated on November 6, 2024 at 12:00 AM
| Date | Average Oil Price |
|---|---|
| 11/06/2024 | $3.085 |
| 11/05/2024 | $3.086 |
| 11/04/2024 | $3.075 |
| 11/01/2024 | $3.086 |
| 10/31/2024 | $3.084 |
| 10/30/2024 | $3.081 |
| 10/28/2024 | $3.101 |
| 10/25/2024 | $3.104 |
| 10/24/2024 | $3.106 |
| 10/23/2024 | $3.104 |
| 10/22/2024 | $3.106 |
| 10/21/2024 | $3.108 |
| 10/18/2024 | $3.117 |
| 10/17/2024 | $3.121 |
| 10/16/2024 | $3.123 |
| 10/15/2024 | $3.128 |
| 10/14/2024 | $3.134 |
| 10/11/2024 | $3.130 |
| 10/10/2024 | $3.122 |
| 10/09/2024 | $3.126 |
| 10/08/2024 | $3.127 |
| 10/07/2024 | $3.099 |
| 10/04/2024 | $3.075 |
| 10/03/2024 | $3.047 |
| 10/02/2024 | $3.048 |
| 09/30/2024 | $3.023 |
| 09/27/2024 | $3.026 |
| 09/26/2024 | $3.027 |
| 09/25/2024 | $3.030 |
| 09/24/2024 | $3.030 |
Propane vs. Natural Gas vs. Heating Oil: U.S. Home Heating Fuel Comparison
Homeowners have a variety of home heating fuels to choose from. Natural gas is the most popular choice in U.S., used by 59,888,126 or 47.00% of homes. The 2nd most popular choice for U.S. homeowners is electricity, used by 51,141,506 homes (40.13%). The remaining homes are heated with propane (6,326,287), heating oil (5,476,024), no fuel (2,747,018), and other fuels (3,257,081).
U.S. Primary Home Heating Fuel Popularity by Number of Households
| Fuel | U.S. Households | % of Households |
|---|---|---|
| Natural Gas | 59.8M | 47.00% |
| Electricity | 51.1M | 40.13% |
| Propane | 6.3M | 4.96% |
| Heating Oil | 5.4M | 4.30% |
| No Fuel | 2.7M | 2.16% |
| Wood | 2.0M | 1.61% |
| Other Fuels | 738,092 | 0.58% |
| Solar | 349,814 | 0.27% |
| Coal | 120,092 | 0.09% |
Natural gas (47.00)
Electricity (40.13)
Propane (4.96)
Heating oil (4.30)
No fuel (2.16)
Wood (1.61)
Other fuels (0.58)
Solar (0.27)
Coal (0.09)
#2 Heating Oil (Fuel Oil) Use in U.S.
Heating oil has become less popular in U.S.. In the 5 years since 2017, the number of heating oil homes fell from 6,069,009 to 5,476,024, a 9.77% drop.
U.S. Heating Oil Households (2011 - 2022)
| Year | Heating Oil Households |
|---|---|
| 2011 | 7.7M |
| 2012 | 7.4M |
| 2013 | 7.1M |
| 2014 | 6.8M |
| 2015 | 6.5M |
| 2016 | 6.2M |
| 2017 | 6.0M |
| 2018 | 5.8M |
| 2019 | 5.7M |
| 2020 | 5.5M |
| 2021 | 5.4M |
| 2022 | 5.4M |
Propane vs. Natural Gas use for home heating in U.S.
Between 2017 and today, the number of homes using propane as the primary space heating fuel rose from 5,676,571 to 6,326,287.
Between 2017 and today, the number of homes using natural gas as the primary space heating fuel rose from 57,295,309 to 59,888,126.
Electricity use for home heating in U.S.
Electric space heating systems are becoming more popular in U.S.. Since 2017, the number of homes heating with electricity rose from 45,404,834 to 51,141,506, a 12.63% increase.
Solar use for home heating in U.S.
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.
Currently, 349,814 homes in U.S. are heated with active solar arrays. This is a 178.18% increase from 2017, when only 125,752 homes had installed active solar heating.
U.S. Homeowner’s Guide to Selecting an Oil Company
For U.S. homeowners heating with oil, selecting which of the 2,191 heating oil companies that serve U.S. 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 845 “full-service” oil companies that serve U.S.. Full service companies such as Hoffman Fuel Company Of Danbury or Westmore Fuel Co Inc 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 U.S. 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 U.S. include Aldin Associates LP and Alliance Energy LLC.
U.S. Heating Oil Company Fast Facts
Heating Oil Companies Serving U.S.: 2,191 companies
Average Number Of U.S. Homes Served Per Company: 2,499 homes
Average Gallons Delivered per U.S. Oil Company: 1,591,029 gallons per year
U.S. Heating Oil Trends
Last year, homeowners purchased a total of 3,486 million gallons of heating oil in America.
Short Term Trends
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 U.S., the average outside temperature was 16.6° F colder than the prior winter's average outside temperature.
U.S. Average Winter Temperature
| Heating Season | Average Temperature |
|---|---|
| Winter 2023 - 2024 | 51.2° F |
| Winter 2022 - 2023 | 67.8° F |
U.S. Heating Oil Delivery Overview
Approximately 5,476,024 households in U.S. heat their homes with fuel oil. This makes oil delivery essential, especially when U.S. temperatures drop as low as 42.5° F each winter.
4% of U.S. Households Rely On Heating Oil Delivery Each Winter
| U.S. Households | U.S. Heating Oil Households |
|---|---|
| 127.4M | 5.4M |
2,191 U.S. Oil Companies Go the Distance
With 3,486 million gallons of heating oil delivered to U.S. homeowners during the winter of 2023, the U.S. community relies on its 2,191 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 U.S., two of the closest terminals are CITGO in Vestal, NY and BUCKEYEES in New Haven, CT. Then, the truck delivers the #2 heating oil to homes and businesses in U.S..
U.S. Heating Oil Prices FAQs
How high will oil go?
There’s no limit to how high oil prices can go. Over the past year, heating oil prices per gallon have risen as high as $4.94 for a 100-gallon order. This is $1.86 per gallon more than the current average price of $3.09, and $1.86 per gallon more than the lowest price currently available, which is $2.85. 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.
Will home heating oil prices go down?
While predicting daily fluctuations in heating oil prices is challenging, you can save money by finding the best available price on the day you place your order. HeatFleet.com's Instant Oil Price Search offers a list of oil companies serving your area and provides current oil prices per gallon to help you manage your home heating budget effectively.
Why is home heating oil so expensive?
Heating oil is so expensive primarily because of the high price of crude oil. According to the US Energy Information Administration, crude oil represents 53% of the price of home heating oil (1.64 per gallon). Refining makes up 15% of the price (0.46 per gallon), and distribution and marketing make up the remaining 32% (0.99 per gallon).
How much is oil for heat?
Currently, the price of oil for heating ranges from $2.85 to $3.6 per gallon for a 100-gallon delivery. Some oil companies offer various discounts, including cash discounts, volume discounts, military discounts, and senior discounts.
How much is oil per gallon?
As of today, November 6th, 2024, the average price of oil is $3.09 per gallon for a 100-gallon order paid by credit card. Prices can vary from $2.85 to $3.60 per gallon, depending on factors such as delivery address, oil company, order size, and payment method.
How much is home heating oil right now?
The current price of home heating oil ranges from $2.85 to $3.60 per gallon for a 100-gallon order paid by credit card. Prices can vary based on location, and cash or volume discounts may be available.
What is the current price of heating oil?
The current price of heating oil ranges from $2.85 to $3.60 per gallon, depending on the delivery address and the oil company. The average price is $3.09 per gallon.
Is oil heating cheaper than gas?
No, oil heating is generally not cheaper than gas heating. However, many homes with oil heating do not have access to natural gas lines. Compared to propane, oil heating is often less expensive.
How much does 100 gallons of heating oil cost?
On average, 100 gallons of heating oil costs $309.00. Prices range from $285.00 to $360.0, depending on the oil company.
Is heating oil going up or down?
Heating oil prices have down by $0.01 per gallon over the past 7 days, which amounts to a $1.00 for a 100-gallon order.
What is the price of home heating oil today?
Today, the price of home heating oil is $2.85 per gallon, which amounts to $285.00 for a 100-gallon order (excluding any applicable taxes).
Is the price of heating oil rising or falling?
The price of heating oil has been falling over the last 7 days, with a total decrease of $0.01 per gallon.
When will home heating oil prices go down?
Home heating oil prices may decrease when crude oil futures prices drop significantly or when demand for heating oil declines.
What is the average price of home heating oil?
The average price of home heating oil is $3.09 per gallon.
Heating Oil Prices By Location
Heat Fleet: The Largest Heating Oil Marketplace In The World.
Heating Oil Homeowners Have A Choice Of Providers...
As a homeowner using heating oil, you have the advantage of not being locked into a utility monopoly. On average, homeowners can choose from over 10 oil dealers in their neighbourhood, and residents of Long Island have 72 providers to choose from!
Having multiple options offers several benefits:
(1)Price Shopping: You can compare prices to find the best deal.
(2)Reliability: If one provider is unable to deliver, you can easily call another.
(3)Customer Service: Local heating oil companies are often owned and operated by members of your community. When you call, you speak directly to someone who can address your needs, rather than navigating a public utility’s automated voicemail system. These local businesses are committed to providing exceptional service and will go above and beyond to help you.
... But Price Shopping Is Time Consuming
Historically, price shopping for heating oil has been a time-consuming process, requiring you to call each provider every time you place an order
Heat Fleet Provides Instant Price Shopping And Secure Online Ordering
With just a tap of your finger, Heat Fleet delivers a comprehensive list of local heating oil dealers in your neighbourhood, along with an easy and secure online ordering system for scheduling deliveries. It’s a heating oil marketplace designed to help savvy homeowners find the best deals from reliable oil companies near them.
Since its inception in the 1920s, the home heating oil industry has been characterized by small family-owned businesses, often passed down through generations, offering personalized service. However, like many industries, these small businesses have been slow to adopt new technologies. Most discount heating oil companies still rely on phone calls for quotes and orders.
For budget-conscious homeowners, price shopping for heating oil has traditionally been a time-consuming task. Enter Heat Fleet: In less time than it takes to dial a single heating oil company, Heat Fleet provides you with the best prices from all the heating oil providers in your area.
How It Works
- The Heat Fleet team spends thousands of hours each year exhaustively researching heating oil providers in each county, hand-picking companies with the best prices and reliability.
- We invite these companies to join Heat Fleet and post their deals to the marketplace.
- You enter your order details, and we display the best heating oil delivery deals from providers serving your neighbourhood.
- After browsing, you select a deal and place your order using our secure payment processing system.
- We instantly transmit the order to your selected provider’s dispatcher, who schedules your delivery on or before your desired date.
- Once your order is filled, we send a delivery confirmation to your inbox.
Unlocking Home Energy Value For You
(1)
The Heat Fleet Enables Oil Companies to Reduce Prices
A heating oil company sets its prices by calculating the sum of the costs of the oil, trucks, drivers, office staff, advertising, plus a fair profit. When a company joins Heat Fleet, it can reduce marketing and advertising costs, which in turn allows for significant price reductions.
(2)
The Heat Fleet Maximizes Deliveries Per Truck, Further Reducing Prices
If a provider has route vacancies for the next day, they can activate a Heat Fleet Flash Sale to fill these vacancies. These deals are beneficial for both you and the provider: you secure an unbeatable price, while the provider maximizes capacity utilization, leading to even further price reductions.
(3)
The Heat Fleet Enables Homeowners to Price-Shop on Every Order
Most oil companies purchase oil through 22,000-gallon fixed-price contracts and then sell that oil over the following days. Because oil prices fluctuate rapidly, the company offering the best price today may not have the best price in a month when you place your next order. Heat Fleet’s deal board makes it easy for you to price-shop and find the best price for each order.
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