Heating Oil rose to 2.47 USD/Gal on July 11, 2025, up 3.46% from the previous day. Over the past month, Heating Oil's price has risen 11.10%, but it is still 1.60% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Heating oil - values, historical data, forecasts and news - updated on July of 2025.

Graph and download economic data for Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in U.S. City Average (APU000072511) from Nov 1978 to May 2025 about fuels, energy, retail, price, and USA.

Interactive chart showing the monthly closing price for No. 2 Heating Oil: New York Harbor since 1986. The prices shown are in U.S. dollars.

Graph and download economic data for No. 2 Heating Oil Prices: New York Harbor (DHOILNYH) from 1986-06-02 to 2025-07-07 about new york harbor, heating, New York, oil, commodities, and USA.

This statistic shows the average annual futures contract 3 price for New York Harbor No.2 heating oil between 1990 and 2019. In 2019, the futures contract 3 price for this fuel came to 1.94 U.S. dollars per gallon.

United States - No. 2 Heating Oil Prices: New York Harbor was 2.29200 $ per Gallon in January of 2024, according to the United States Federal Reserve. Historically, United States - No. 2 Heating Oil Prices: New York Harbor reached a record high of 3.56500 in January of 2022 and a record low of 0.39200 in January of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - No. 2 Heating Oil Prices: New York Harbor - last updated from the United States Federal Reserve on July of 2025.

The Average Home Heating Oil Prices dataset provides New York residents and businesses with objective information on average residential retail heating fuel oil pricing in New York State and by region beginning September 8, 1997. Pricing data is obtained via surveys conducted by NYSERDA staff on a weekly basis during heating season (September to March) and bi-weekly during the rest of the year. All prices are listed in dollars per gallon.

The Average Home Heating Oil Prices dataset, Average Residential Retail Kerosene Prices dataset, and Average Residential Retail Propane Prices dataset are collectively referred to as the Heating Fuel Prices dataset.

For current and historical residential retail price data, regional comparisons, and fuel type comparisons, please visit the Home Heating Oil Prices Dashboard: https://www.nyserda.ny.gov/Researchers-and-Policymakers/Energy-Prices/Home-Heating-Oil/Average-Home-Heating-Oil-Prices

The New York State Energy Research and Development Authority (NYSERDA) offers objective information and analysis, innovative programs, technical expertise, and support to help New Yorkers increase energy efficiency, save money, use renewable energy, accelerate economic growth, and reduce reliance on fossil fuels. To learn more about NYSERDA’s programs, visit nyserda.ny.gov or follow us on X, Facebook, YouTube, or Instagram.

Find in-season and off-season pricing for heating fuels, including heating oil, propane and wood price surveys by DOER. Links to electric and natural gas rates also available here.

Heating oil price in the United States has peaked in winter 2022/23 at 4.31 U.S. dollars per gallon and has decreased ever since. Heating oil is a liquid petroleum product that is, among other things, used in residential buildings as a fuel oil in furnaces or boilers. Chemically, most heating oils are similar to motor diesel fuels and are often sold interchangeably. Forecast heating price in the U.S. The average price of heating oil in the United States in the winter of 2024/25 is expected to reach 3.44 U.S. dollars per gallon. Energy prices are projected to see a decrease this winter, because of increased production of heating fuels. The number of heating degree days, which are the days in which the average temperature is below 18 degrees Celsius (65 degrees Fahrenheit), also helps quantify the energy demand required to heat a building. What determines heating oil price? Generally, heating oil prices are collected during the heating season between October and March. In the U.S., the greatest determining factor for heating oil prices is the WTI crude oil price. Consumers can lower heating oil bills by considering when they purchase, reducing consumption, and through government assistance programs.

United States Consumer Price: Average: Fuel Oil 2 data was reported at 3.132 USD/gal in Jun 2018. This stayed constant from the previous number of 3.132 USD/gal for May 2018. United States Consumer Price: Average: Fuel Oil 2 data is updated monthly, averaging 1.193 USD/gal from Nov 1978 (Median) to Jun 2018, with 475 observations. The data reached an all-time high of 4.649 USD/gal in Jul 2008 and a record low of 0.533 USD/gal in Nov 1978. United States Consumer Price: Average: Fuel Oil 2 data remains active status in CEIC and is reported by Bureau of Labor Statistics. The data is categorized under Global Database’s USA – Table US.P001: Consumer Price.

Crude Oil rose to 68.75 USD/Bbl on July 11, 2025, up 3.27% from the previous day. Over the past month, Crude Oil's price has risen 1.04%, but it is still 16.37% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Crude Oil - values, historical data, forecasts and news - updated on July of 2025.

This statistic represents the New York Harbor No. 2 heating oil spot prices between 1990 and 2016. In 1990, the price for New York Harbor No.2 heating oil came to 0.69 U.S. dollars per gallon. All prices are Free On Board prices*.

United States - Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the Northeast Census Region - Size Class B/C was 3.17300 Index in May of 2025, according to the United States Federal Reserve. Historically, United States - Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the Northeast Census Region - Size Class B/C reached a record high of 5.82800 in May of 2022 and a record low of 0.72200 in September of 1998. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the Northeast Census Region - Size Class B/C - last updated from the United States Federal Reserve on July of 2025.

Graph and download economic data for Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the Midwest Census Region - Size Class B/C (APUN20072511) from Jan 1998 to Jul 2024 about fuels, energy, retail, price, and USA.

Monthly average retail prices for gasoline and fuel oil for Canada, selected provincial cities, Whitehorse and Yellowknife. Prices are presented for the current month and previous four months. Includes fuel type and the price in cents per litre.

Thailand Petroleum Product Price: Ex Refinery: Fuel Oil 1500: 2%s data was reported at 14.487 THB/l in 25 Jun 2018. This records an increase from the previous number of 13.988 THB/l for 18 Jun 2018. Thailand Petroleum Product Price: Ex Refinery: Fuel Oil 1500: 2%s data is updated weekly, averaging 12.524 THB/l from Sep 2010 (Median) to 25 Jun 2018, with 407 observations. The data reached an all-time high of 22.727 THB/l in 04 Oct 2010 and a record low of 5.691 THB/l in 27 Jul 2015. Thailand Petroleum Product Price: Ex Refinery: Fuel Oil 1500: 2%s data remains active status in CEIC and is reported by Energy Policy and Planning Office. The data is categorized under Global Database’s Thailand – Table TH.P007: Price of Petroleum Products.

China Settlement Price: Fuel Oil Forward: 180CST: No.2: H18W: SPEX: Third Month data was reported at 3,520.000 RMB/Ton in 17 Apr 2009. This records a decrease from the previous number of 3,529.000 RMB/Ton for 16 Apr 2009. China Settlement Price: Fuel Oil Forward: 180CST: No.2: H18W: SPEX: Third Month data is updated daily, averaging 3,500.000 RMB/Ton from Aug 2006 (Median) to 17 Apr 2009, with 648 observations. The data reached an all-time high of 5,585.000 RMB/Ton in 15 Jul 2008 and a record low of 2,219.000 RMB/Ton in 05 Dec 2008. China Settlement Price: Fuel Oil Forward: 180CST: No.2: H18W: SPEX: Third Month data remains active status in CEIC and is reported by Shanghai Petroleum Exchange. The data is categorized under High Frequency Database’s Commodity Prices and Futures – Table CN.ZB: Shanghai Petroleum Exchange: Price: Daily.

United States - Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in U.S. City Average was 3.43300 Index in May of 2025, according to the United States Federal Reserve. Historically, United States - Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in U.S. City Average reached a record high of 5.97300 in May of 2022 and a record low of 0.53300 in November of 1978. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in U.S. City Average - last updated from the United States Federal Reserve on July of 2025.

China Settlement Price: Fuel Oil Forward: 180CST: No.2: Y18W: SPEX: Third Month data was reported at 2,910.000 RMB/Ton in 07 Mar 2007. This stayed constant from the previous number of 2,910.000 RMB/Ton for 06 Mar 2007. China Settlement Price: Fuel Oil Forward: 180CST: No.2: Y18W: SPEX: Third Month data is updated daily, averaging 3,150.000 RMB/Ton from Aug 2006 (Median) to 07 Mar 2007, with 131 observations. The data reached an all-time high of 3,570.000 RMB/Ton in 29 Sep 2006 and a record low of 2,910.000 RMB/Ton in 07 Mar 2007. China Settlement Price: Fuel Oil Forward: 180CST: No.2: Y18W: SPEX: Third Month data remains active status in CEIC and is reported by Shanghai Petroleum Exchange. The data is categorized under High Frequency Database’s Commodity Prices and Futures – Table CN.ZB: Shanghai Petroleum Exchange: Price: Daily.