Heating Oil rose to 2.32 USD/Gal on August 21, 2025, up 1.97% from the previous day. Over the past month, Heating Oil's price has fallen 5.20%, but it is still 2.35% higher 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 August of 2025.

Graph and download economic data for No. 2 Heating Oil Prices: New York Harbor (DHOILNYH) from 1986-06-02 to 2025-08-18 about new york harbor, heating, New York, oil, commodities, and USA.

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 2 price for New York Harbor No.2 heating oil between 1995 and 2019. In 2019, the futures contract 2 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 August 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.

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*.

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.

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 Jul 2025 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.

Analysis of ‘Heating Oil Consumption And Cost (2010 - 2020)’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from https://catalog.data.gov/dataset/fd65b87a-c274-4f1f-965f-95bf0b5fb780 on 28 January 2022.

--- Dataset description provided by original source is as follows ---

Monthly consumption and cost data by borough and development. Data set includes utility vendor and meter information.

--- Original source retains full ownership of the source dataset ---

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 Consumption And Cost (2010 - 2022)

Consumption and cost of heating oil (2010 - 2022)

By data.world's Admin [source]

About this dataset

How much heating oil do New Yorkers use? And how much does it cost them? This dataset provides monthly consumption and cost data for heating oil in New York City, broken down by borough and development. The data includes information on utility vendors and meters, making it possible to track trends over time

More Datasets

For more datasets, click here.

Featured Notebooks

• 🚨 Your notebook can be here! 🚨!

How to use the dataset

This dataset contains monthly consumption and cost data for heating oil in New York City. The data is organized by borough and development, and includes information on the utility vendor and meter used.

This dataset can be used to track trends in heating oil consumption and cost over time, as well as to compare consumption and costs across different developments in New York City

Research Ideas

Predicting future heating oil consumption trends in New York City Analyzing the impact of weather on heating oil consumption Determining the most efficient heating oil providers in New York City

Acknowledgements

If you use this dataset in your research, please credit the original authors. Data Source

License

See the dataset description for more information.

Columns

File: heating-oil-consumption-and-cost-2010-feb-2022-1.csv | Column name | Description | |:-----------------------|:----------------------------------------------------------| | Development Name | The name of the development. (String) | | Borough | The borough in which the development is located. (String) | | Account Name | The name of the account. (String) | | Location | The location of the development. (String) | | Meter AMR | The meter's AMR reading. (String) | | Meter Scope | The meter's scope. (String) | | TDS # | The TDS number. (String) | | EDP | The EDP. (String) | | RC Code | The RC code. (String) | | Funding Source | The funding source. (String) | | AMP # | The AMP number. (String) | | Vendor Name | The name of the vendor. (String) | | Revenue Month | The revenue month. (String) | | Service Start Date | The service start date. (String) | | Service End Date | The service end date. (String) | | # days | The number of days in the service period. (String) | | Meter Number | The meter number. (String) | | Estimated | Whether or not the consumption is estimated. (String) | | Current Charges | The current charges. (String) | | Consumption (GAL) | The consumption in gallons. (String) |

Acknowledgements

If you use this dataset in your research, please credit the original authors. If you use this dataset in your research, please credit data.world's Admin.

Crude Oil rose to 63.73 USD/Bbl on August 22, 2025, up 0.34% from the previous day. Over the past month, Crude Oil's price has fallen 2.32%, and is down 14.83% compared to the same time last year, 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 August of 2025.

On August 18, 2025, the Brent crude oil price stood at 66.54 U.S. dollars per barrel, compared to 63.42 U.S. dollars for WTI oil and 68.21 U.S. dollars for the OPEC basket. Oil prices remained largely unchanged that week as economic expectations stayed low.Europe's Brent crude oil, the U.S. WTI crude oil, and OPEC's basket are three of the most important benchmarks used by traders as reference for oil and gasoline prices. Lowest ever oil prices during coronavirus pandemic In 2020, the coronavirus pandemic resulted in crude oil prices hitting a major slump as oil demand drastically declined following lockdowns and travel restrictions. Initial outlooks and uncertainty surrounding the course of the pandemic brought about a disagreement between two of the largest oil producers, Russia and Saudi Arabia, in early March. Bilateral talks between global oil producers ended in agreement on April 13th, with promises to cut petroleum output and hopes rising that these might help stabilize the oil price in the coming weeks. However, with storage facilities and oil tankers quickly filling up, fears grew over where to store excess oil, leading to benchmark prices seeing record negative prices between April 20 and April 22, 2020. How crude oil prices are determined As with most commodities, crude oil prices are impacted by supply and demand, as well as inventories and market sentiment. However, as oil is most often traded in future contracts (where a contract is agreed upon while product delivery will follow in the next two to three months), market speculation is one of the principal determinants for oil prices. Traders make conclusions on how production output and consumer demand will likely develop over the coming months, leaving room for uncertainty. Spot prices differ from futures in so far as they reflect the current market price of a commodity.

United States - Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the Northeast Census Region - Urban was 3.40000 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 - Urban reached a record high of 6.11100 in May of 2022 and a record low of 0.54100 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 the Northeast Census Region - Urban - last updated from the United States Federal Reserve on July of 2025.

United States - Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in the South Census Region - Size Class A was 3.67500 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 South Census Region - Size Class A reached a record high of 5.48600 in June of 2022 and a record low of 0.52500 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 the South Census Region - Size Class A - last updated from the United States Federal Reserve on July of 2025.