Heating Oil rose to 2.31 USD/Gal on September 1, 2025, up 1.65% from the previous day. Over the past month, Heating Oil's price has fallen 0.45%, but it is still 1.17% 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 September of 2025.

Graph and download economic data for No. 2 Heating Oil Prices: New York Harbor (DHOILNYH) from 1986-06-02 to 2025-08-25 about new york harbor, heating, New York, oil, commodities, and USA.

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.

Heating Oil Prices - Historical chart and current data through 2025.

United States - No. 2 Heating Oil Prices: New York Harbor was 2.32400 $ per Gallon in July of 2025, according to the United States Federal Reserve. Historically, United States - No. 2 Heating Oil Prices: New York Harbor reached a record high of 4.49700 in May of 2022 and a record low of 0.30400 in February of 1999. 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 September of 2025.

The USA: Diesel and heating oil consumption, thousand barrels per day: The latest value from 2023 is 3916.13 thousand barrels per day, a decline from 4025.57 thousand barrels per day in 2022. In comparison, the world average is 145.86 thousand barrels per day, based on data from 190 countries. Historically, the average for the USA from 1980 to 2023 is 3535.25 thousand barrels per day. The minimum value, 2670.86 thousand barrels per day, was reached in 1982 while the maximum of 4195.91 thousand barrels per day was recorded in 2007.

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.

New York Harbor Heating Oil Prices - Historical chart and current data through 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.

Average price of heating oil in Great Britain presented a trend of growth, despite some oscillation. Between 2000 and 2020, figures more than doubled, with an increase of ***** euros per thousand liters and peaked at ***** euros per thousand liters in 2012. By 2020, the average price of heating oil in Great Britain amounted to ***** euros per thousand liters.

Heating Oil Stocks in the United States increased to 102 Thousand Barrels in August 22 from -503 Thousand Barrels in the previous week. This dataset provides - United States Heating Oil Stocks - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Get the latest insights on price movement and trend analysis of Fuel Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

United States - No. 2 Heating Oil Prices: New York Harbor was 2.32800 $ per Gallon in July of 2025, according to the United States Federal Reserve. Historically, United States - No. 2 Heating Oil Prices: New York Harbor reached a record high of 4.87400 in May of 2022 and a record low of 0.29000 in February of 1999. 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.

Poland: Diesel and heating oil consumption, thousand barrels per day: The latest value from 2023 is 386.72 thousand barrels per day, a decline from 388.49 thousand barrels per day in 2022. In comparison, the world average is 145.86 thousand barrels per day, based on data from 190 countries. Historically, the average for Poland from 1980 to 2023 is 197.6 thousand barrels per day. The minimum value, 95.51 thousand barrels per day, was reached in 1991 while the maximum of 389.59 thousand barrels per day was recorded in 2021.

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.

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Home Heating Oil and Distillates (WPU057302) from Jan 1975 to Jul 2025 about heating, fuels, oil, commodities, housing, PPI, inflation, price index, indexes, price, and USA.

Ecuador: Diesel and heating oil consumption, thousand barrels per day: The latest value from 2023 is 109.03 thousand barrels per day, a decline from 110.63 thousand barrels per day in 2022. In comparison, the world average is 145.86 thousand barrels per day, based on data from 190 countries. Historically, the average for Ecuador from 1980 to 2023 is 55.07 thousand barrels per day. The minimum value, 17.16 thousand barrels per day, was reached in 1984 while the maximum of 110.63 thousand barrels per day was recorded in 2022.

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.

Taiwan: Diesel and heating oil consumption, thousand barrels per day: The latest value from 2023 is 121.95 thousand barrels per day, an increase from 115.19 thousand barrels per day in 2022. In comparison, the world average is 145.86 thousand barrels per day, based on data from 190 countries. Historically, the average for Taiwan from 1980 to 2023 is 91.29 thousand barrels per day. The minimum value, 46.52 thousand barrels per day, was reached in 1982 while the maximum of 121.95 thousand barrels per day was recorded in 2023.

This dataset contains information about daily spot prices for heating oil from 1986. Data from US Energy Information Administration.Notes:Citation: "Spot Prices For Crude Oil And Petroleum Products". Eia.gov. N.p., 2016. Web. 21 June. 2016.