Heating Oil rose to 2.35 USD/Gal on December 2, 2025, up 0.21% from the previous day. Over the past month, Heating Oil's price has fallen 2.25%, but it is still 6.31% 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 December of 2025.

Graph and download economic data for No. 2 Heating Oil Prices: New York Harbor (DHOILNYH) from 1986-06-02 to 2025-11-24 about new york harbor, heating, New York, oil, commodities, and USA.

Real-time heating oil price data updated every 5 minutes

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.

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.

View market daily updates and historical trends for New York Harbor Heating Oil Spot Price. Source: Energy Information Administration. Track economic data…

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.

View weekly updates and historical trends for US Residential Heating Oil Price. from United States. Source: Energy Information Administration. Track econo…

Snapshot img { margin: 10px !important; } The fuel oil market size will decrease by USD 84.77 billion during 2020-2024. This report provides a detailed analysis of the market by application (marine, industrial, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BP Plc, Chevron Corp., Exxon Mobil Corp., JXTG Holdings Inc., PJSC LUKOIL, PT Pertamina(Persero), Qatar Petroleum, Reliance Industries Ltd., Royal Dutch Shell Plc, and SK Innovation Co. Ltd.

Market Overview

Browse TOC and LoE with selected illustrations and example pages of Fuel Oil Market

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Market Competitive Analysis

The fuel oil market is fragmented with numerous vendors that produce and supply fuel oil to customers. Vendors need to make high capital investments to remain competitive in the market. BP Plc, Chevron Corp., and Exxon Mobil Corp. are some of the major market participants. Although the rise in world energy demand will offer immense growth opportunities, the fluctuations in crude oil prices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this fuel oil market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this fuel oil market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

BP Plc
Chevron Corp.
Exxon Mobil Corp.
JXTG Holdings Inc.
PJSC LUKOIL
PT Pertamina(Persero)
Qatar Petroleum
Reliance Industries Ltd.
Royal Dutch Shell Plc
SK Innovation Co. Ltd.

Fuel Oil Market: Segmentation by Application

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The primary requirement of any marine engine is to propel the ship or generate onsite power by using the energy obtained from burning fuel oil. The mega marine engines of ships burn tons of fuel every day to propel the massively loaded ships. The rise in demand for bunker fuel oil due to the growing seaborne trade and growing naval activities will drive the demand for fuel oil for marine.

However, market growth in this segment will be slower than the growth of the market in the industrial and other segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the fuel oil market size.

Fuel Oil Market: Segmentation by Geography

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North America will offer several growth opportunities to market vendors during the forecast period. The strong consumption of space heating fuel, growing refinery capacity, and proliferating marine trade will significantly influence fuel oil market growth in this region over the forecast period. The US is a key market for fuel oil in North America.

Fuel Oil Market: Key Drivers and Trends

The fluctuation in oil prices has affected the business of several oil and gas companies and refinancing companies. As a result, crude oil processing projects generate less revenue and many oil and gas companies suspend or postpone their exploration and production projects. Fluctuations in crude oil prices also impact investments in E&P and refining projects. Such factors will result in a slowdown in the growth of the global fuel oil market during the forecast period.

The adoption of blockchain in the oil and gas industry helps in overcoming several issues including the complexity of logistics, high fuel prices, and environmental pollution. Blockchain platforms facilitate secure and faster transactions between the entities and maintain transparency. Blockchain also helps in reducing cash cycle time and intermediary costs. These benefits will result in an increase in the adoption of blockchain to enhance the overall operational efficiency of the existing refineries. As a result of such factors, the fuel oil market will register a CAGR of (13)% during the forecast period.

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Fuel Oil Market: Key Highlights of the Report for 2020-2024

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive fuel oil market growth during the next five years
Precise estimation of the f

View weekly updates and historical trends for Pennsylvania Residential Heating Oil Price. from United States. Source: Energy Information Administration. T…

Graph and download economic data for Producer Price Index by Commodity: Fuels and Related Products and Power: Home Heating Oil and Distillates (WPU05730201) from Feb 1973 to Sep 2025 about heating, fuels, oil, commodities, housing, PPI, inflation, price index, indexes, price, and USA.

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

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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 fell to 59.17 USD/Bbl on December 2, 2025, down 0.25% from the previous day. Over the past month, Crude Oil's price has fallen 3.08%, and is down 15.40% 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 December of 2025.

Denmark has one of the highest prices for heating oil in the world. In 2020, Danish households paid over 1,600 U.S. dollars per 1,000 liters of light fuel oil. This was more than double the cost of heating oil for households in neighboring Germany. Germany has some of the lowest light fuel oil prices in the world.

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).

Heating Oil Stocks in the United States increased to 57 Thousand Barrels in November 21 from -494 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.

View weekly updates and historical trends for East Coast No. 2 Heating Oil Wholesale Price. Source: Energy Information Administration. Track economic data…

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Discover the booming Extra Light Heating Oil market! This in-depth analysis reveals a $5 billion market in 2025, projecting 4.5% CAGR growth to 2033. Explore key drivers, trends, restraints, major players, and regional breakdowns. Learn how environmental regulations and alternative heating solutions are shaping this dynamic sector.

The global heating oil market, encompassing various fuel types like gas oil, kerosene, and others, for both household and industrial applications, is poised for significant growth. While precise market size figures for 2025 aren't provided, a reasonable estimate can be derived by extrapolating from available data and considering industry trends. Assuming a consistent Compound Annual Growth Rate (CAGR) and acknowledging fluctuating energy prices and evolving environmental regulations, the market is likely valued in the billions, rather than millions. The market's growth is primarily fueled by increasing energy demand in both residential and commercial sectors, particularly in regions with colder climates. Strong economic growth in developing nations, coupled with rising urbanization and expanding industrial activities, further contribute to this expansion. However, the market faces considerable restraints. Stringent environmental regulations aimed at reducing carbon emissions, the push for renewable energy sources, and concerns about fuel price volatility present significant challenges. The shift towards cleaner energy alternatives, such as heat pumps and district heating systems, is also expected to impact the market share of traditional heating oils in the long term. Nevertheless, the continued reliance on heating oil in specific regions, coupled with the development of more efficient and cleaner burning heating oil technologies, offers potential for continued, albeit potentially moderated, growth within specific market segments. Segmentation by application (household versus industrial) and fuel type (gas oil, kerosene, etc.) provides a deeper understanding of market dynamics, revealing different growth trajectories and influencing factors within each segment. Key players in this market, including Tevis Energy, Certas Energy, and others listed, are constantly adapting their strategies to navigate these market forces.