Heating Oil decreased 0.05 USD/GAL or 2.13% since the beginning of 2025, 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 March 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.

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.

The fuel oil prices in the USA reached 1047 USD/MT in December 2023. In December 2023, the priced of fuel oil in China settled at 758 USD/MT. In Germany, the fuel oil price reached 1237 USD/MT by the end of December 2023.

In 2023/24 oil prices in the United Kingdom are expected to reach 66.17 British pounds per barrel, before falling to 61.89 pounds per barrel in 2024/25, and 52.96 pounds per barrel by 2027/28.

Heating Oil Stocks in the United States decreased to -35 Thousand Barrels in March 21 from 8 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.

Graph and download economic data for No. 2 Heating Oil Prices: New York Harbor (DHOILNYH) from 1986-06-02 to 2025-03-17 about new york harbor, heating, New York, oil, commodities, and USA.

For the most part, the average price of light heating oil increased steadily since 2022, with a particularly significant price jump recorded in March 2022. As of December 2024, the average consumer price (incl. VAT) for a liter of light heating oil was around 95 euro cents.

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The Heating Oil Additives Market is projected to grow at 7.0% CAGR, reaching $8.75 Billion by 2029. Where is the industry heading next? Get the sample report now!

Fuel Oil Market size was valued at USD 189.66 Billion in 2024 and is projected to reach USD 271.99 Billion by 2031, growing at a CAGR of 4.61% from 2024 to 2031.

The Fuel Oil Market is driven by several factors, including its widespread use in various industrial applications such as power generation, marine transportation, and industrial heating. In regions with colder climates, fuel oil remains a significant source of heating for residential and commercial buildings. Additionally, the availability and relatively lower cost of fuel oil compared to other fuels contribute to its continued use in certain sectors. However, the market faces challenges from the increasing adoption of cleaner energy sources, such as natural gas and renewable energy, and stringent environmental regulations aimed at reducing emissions.

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The size and share of the market is categorized based on Type (Diesel, Heating oil, Kerosene, Propane, Natural gas) and Application (Residential heating, Commercial heating, Industrial heating, Agriculture, Transportation) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Forecast: Fuel Oil Final Consumption in Domestic Navigation in France 2024 - 2028 Discover more data with ReportLinker!

The Fuel Oil Market is projected to grow at 3.8% CAGR, reaching $201.39 Billion by 2029. Where is the industry heading next? Get the sample report now!

The heating oil additives market size was over USD 6.62 billion in 2024 and is projected to reach USD 12.64 billion by 2037, growing at around 5.1% CAGR during the forecast period i.e., between 2025-2037. Asia Pacific industry is expected to dominate majority revenue share by 2037, due to constantly increasing demand for oil in the automobile industry.

Sweden Fuel Consumption: Domestic Heating Oil: MM: Pulp, Paper & Paper Products data was reported at 113.000 TJ in Mar 2018. This records an increase from the previous number of 77.000 TJ for Dec 2017. Sweden Fuel Consumption: Domestic Heating Oil: MM: Pulp, Paper & Paper Products data is updated quarterly, averaging 82.000 TJ from Mar 2009 (Median) to Mar 2018, with 37 observations. The data reached an all-time high of 170.000 TJ in Mar 2010 and a record low of 45.000 TJ in Mar 2015. Sweden Fuel Consumption: Domestic Heating Oil: MM: Pulp, Paper & Paper Products data remains active status in CEIC and is reported by Statistics Sweden. The data is categorized under Global Database’s Sweden – Table SE.RB004: Fuel Consumption.

On March 24, 2025, the Brent crude oil price stood at 73.05 U.S. dollars per barrel, compared to 69.11 U.S. dollars for WTI oil and 75.11 U.S. dollars for the OPEC basket. These were slight increases compared to the previous weeks, which had seen some of the lowest prices in four years.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 (whereby a contract is agreed upon, while the 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.

Forecast: Fuel Oil Final Consumption in Domestic Navigation in Italy 2023 - 2027 Discover more data with ReportLinker!

Forecast: Fuel Oil Final Consumption in Domestic Navigation in Spain 2023 - 2027 Discover more data with ReportLinker!