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 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.

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.

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.

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.

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.

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.

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*.

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.

This statistic shows the change in the price of domestic heating oil per liter in selected countries for the period between June 2019 and June 2020. In June 2020, the domestic heating oil price in Germany was some 27.7 percent lower than in June 2019.

Domestic heating oil

The price of domestic heating oil per liter has decreased in many countries. In the United Kingdom, prices dropped by 24.8 percent, while in Canada, prices dropped by 25.5 percent. In the United States, winter heating oil prices increased from 2.06 U.S. dollars per gallon in 2015/2016 during the oil glut years, to 3.07 U.S. dollars per gallon in 2019/20. Domestic heating oil is used for the heating of domestic homes. It is a liquid petroleum product. It is often delivered to homes by a tank truck and stored in above-ground storage tanks. In the United States, this type of oil is known as No. 2 heating oil and prices are tracked by the Department of energy. However, in new single-family houses, use of heating oil in the U.S. is rather uncommon, accounting for less than 0.5 percent of the heating type share since 2013.

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.

The average price of light heating oil fluctuated in the timeline displayed, with a particularly significant price jump recorded in March 2022. As of May 2025, the average consumer price (incl. VAT) for a liter of light heating oil was around 89.6 euro cents.

Graph and download economic data for Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Washington, DC-MD-VA (CBSA) (APUA31572511) from Nov 1978 to Dec 1997 about DC, Washington, fuels, MD, energy, VA, urban, retail, price, and USA.

Brent rose to 70.69 USD/Bbl on July 11, 2025, up 2.99% from the previous day. Over the past month, Brent's price has risen 1.92%, but it is still 16.86% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Brent crude oil - values, historical data, forecasts and news - updated on July of 2025.

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.

Heating oil prices in Ireland increased to 645.3 euros per thousand liters in 2021. This was 84 euros more than the previous year, but lower than households paid between 2005 and 2015.Heating oil prices across EuropeWhile Irish residents may be feeling the pinch of rising heating oil prices, prices there are far from the highest in Europe. Residents of the Netherlands could expect to pay 1,169 euros per thousand liters, while heating oil prices in Denmark were more than twice those in Ireland.Low carbon heating: moving beyond oilBurning fossil fuels is a carbon intensive mean of heating buildings, and some governments as well as lobby groups are looking for low carbon solutions for keeping warm during winter. The German Government, for example, has moved to ban the installation of new oil heaters as soon as 2026. The United Kingdom’s Renewable Heat Incentive (RHI) scheme has so far seen 1,947 oil burning units replaced with solar thermal systems and 9,694 oil burning units replaced with air source heat pumps.

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.

The Fuel Retailers industry in Mexico includes companies that sell fuels, such as gasoline and diesel, diaphanous oil, charcoal and firewood, liquid petroleum gas and natural gas to a variety of downstream residential and commercial clients. The majority of industry revenue is derived from the sale of propane, which accounts for nearly half industry revenue in 2019. The sale of heating oil is also important to the success of the industry, comprising nearly one-third of all revenue in 2019. During the current five-year period, the industry has declined considerably on account of low energy prices. Typically, industry revenue tends to follow movements in the price of crude oil and natural gas, which determine the selling price of fuels. The world price of crude oil is projected to decline at an annualized rate of 7.0% over the five years to 2019, while the world price of natural gas is expected to fall an annualized 9.7% during the same period. Consequently, industry revenue is expected to contract at an annualized rate of 3.0% over the five years to 2019. In 2019 alone, industry revenue is expected to fall an additional 0.5% to MXN$557.2 billion. As a result, the overall industry landscape has stagnated. IBISWorld projects that the total number of companies operating in the industry will rise at an annualized rate of 0.3% to 11,486 enterprises over the five years to 2019. During the same period, total wages are expected to decline at an annualized rate of 3.1% to $MXN12.1 billion.