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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.
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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.
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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.
Estimate of energy prices for heating fuels for the 2024/25 Winter Heating Season
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United States Natural Gas: Average Residential Price: Massachusetts data was reported at 24.280 USD/1000 Cub ft in Jan 2025. This records a decrease from the previous number of 25.050 USD/1000 Cub ft for Dec 2024. United States Natural Gas: Average Residential Price: Massachusetts data is updated monthly, averaging 13.370 USD/1000 Cub ft from Jan 1989 (Median) to Jan 2025, with 433 observations. The data reached an all-time high of 25.240 USD/1000 Cub ft in Aug 2022 and a record low of 6.060 USD/1000 Cub ft in May 1996. United States Natural Gas: Average Residential Price: Massachusetts data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P012: Natural Gas Prices.
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Morocco MA:(GDP) Gross Domestic Productper Unit of Energy Use: 2011 Price: PPP per Kg of Oil Equivalent data was reported at 12.991 Intl $/kg in 2014. This records an increase from the previous number of 12.813 Intl $/kg for 2013. Morocco MA:(GDP) Gross Domestic Productper Unit of Energy Use: 2011 Price: PPP per Kg of Oil Equivalent data is updated yearly, averaging 12.118 Intl $/kg from Dec 1990 (Median) to 2014, with 25 observations. The data reached an all-time high of 13.148 Intl $/kg in 1991 and a record low of 11.182 Intl $/kg in 2005. Morocco MA:(GDP) Gross Domestic Productper Unit of Energy Use: 2011 Price: PPP per Kg of Oil Equivalent data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Morocco – Table MA.World Bank: Energy Production and Consumption. GDP per unit of energy use is the PPP GDP per kilogram of oil equivalent of energy use. PPP GDP is gross domestic product converted to 2011 constant international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted Average; Restricted use: Please contact the International Energy Agency for third-party use of these data.
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United States GDPS: 2009p: MA: PI: Mining: Oil & Gas Extraction data was reported at 5.000 USD mn in 2016. This stayed constant from the previous number of 5.000 USD mn for 2015. United States GDPS: 2009p: MA: PI: Mining: Oil & Gas Extraction data is updated yearly, averaging 2.000 USD mn from Dec 1998 (Median) to 2016, with 17 observations. The data reached an all-time high of 5.000 USD mn in 2016 and a record low of 0.000 USD mn in 2002. United States GDPS: 2009p: MA: PI: Mining: Oil & Gas Extraction data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A104: NIPA 2013: Gross Domestic Product by State: 2009 Price: Chain Linked.
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United States Natural Gas Imports: Avg Price: LNG: From Trinidad and Tobago: To Northeast Gateway, Massachusetts data was reported at 26.580 USD/1000 Cub ft in Feb 2022. This stayed constant from the previous number of 26.580 USD/1000 Cub ft for Jan 2022. United States Natural Gas Imports: Avg Price: LNG: From Trinidad and Tobago: To Northeast Gateway, Massachusetts data is updated monthly, averaging 12.740 USD/1000 Cub ft from Jan 2015 (Median) to Feb 2022, with 7 observations. The data reached an all-time high of 26.580 USD/1000 Cub ft in Feb 2022 and a record low of 7.040 USD/1000 Cub ft in Feb 2016. United States Natural Gas Imports: Avg Price: LNG: From Trinidad and Tobago: To Northeast Gateway, Massachusetts data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P021: Natural Gas Import Price: Liquefied Natural Gas.
West Virginia and Kansas had the lowest cost of living across all U.S. states, with composite costs being half of those found in Hawaii. This was according to a composite index that compares prices for various goods and services on a state-by-state basis. In West Virginia, the cost of living index amounted to **** — well below the national benchmark of 100. Virginia— which had an index value of ***** — was only slightly above that benchmark. Expensive places to live included Hawaii, Massachusetts, and California. Housing costs in the U.S. Housing is usually the highest expense in a household’s budget. In 2023, the average house sold for approximately ******* U.S. dollars, but house prices in the Northeast and West regions were significantly higher. Conversely, the South had some of the least expensive housing. In West Virginia, Mississippi, and Louisiana, the median price of the typical single-family home was less than ******* U.S. dollars. That makes living expenses in these states significantly lower than in states such as Hawaii and California, where housing is much pricier. What other expenses affect the cost of living? Utility costs such as electricity, natural gas, water, and internet also influence the cost of living. In Alaska, Hawaii, and Connecticut, the average monthly utility cost exceeded *** U.S. dollars. That was because of the significantly higher prices for electricity and natural gas in these states.
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United States GDPS: MA: PI: Mining: Oil & Gas Extraction data was reported at 4.000 USD mn in 2016. This stayed constant from the previous number of 4.000 USD mn for 2015. United States GDPS: MA: PI: Mining: Oil & Gas Extraction data is updated yearly, averaging 2.000 USD mn from Dec 2001 (Median) to 2016, with 16 observations. The data reached an all-time high of 4.000 USD mn in 2016 and a record low of 0.000 USD mn in 2002. United States GDPS: MA: PI: Mining: Oil & Gas Extraction data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A103: NIPA 2013: Gross Domestic Product by State: Current Price.
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United States GDPS: 2009p: MA: PI: Mining: Mining excl Oil & Gas data was reported at 367.000 USD mn in 2016. This records an increase from the previous number of 324.000 USD mn for 2015. United States GDPS: 2009p: MA: PI: Mining: Mining excl Oil & Gas data is updated yearly, averaging 246.500 USD mn from Dec 1997 (Median) to 2016, with 20 observations. The data reached an all-time high of 368.000 USD mn in 2001 and a record low of 132.000 USD mn in 2011. United States GDPS: 2009p: MA: PI: Mining: Mining excl Oil & Gas data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A104: NIPA 2013: Gross Domestic Product by State: 2009 Price: Chain Linked.
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United States GDPS: MA: PI: Mining: Mining excl Oil & Gas data was reported at 375.000 USD mn in 2016. This records an increase from the previous number of 326.000 USD mn for 2015. United States GDPS: MA: PI: Mining: Mining excl Oil & Gas data is updated yearly, averaging 149.000 USD mn from Dec 1997 (Median) to 2016, with 20 observations. The data reached an all-time high of 375.000 USD mn in 2016 and a record low of 89.000 USD mn in 1997. United States GDPS: MA: PI: Mining: Mining excl Oil & Gas data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A103: NIPA 2013: Gross Domestic Product by State: Current Price.
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Morocco MA:(GDP) Gross Domestic Productper Unit of Energy Use: 2017 Price: PPP per Kg of Oil Equivalent data was reported at 13.652 Intl $/kg in 2014. This records an increase from the previous number of 13.459 Intl $/kg for 2013. Morocco MA:(GDP) Gross Domestic Productper Unit of Energy Use: 2017 Price: PPP per Kg of Oil Equivalent data is updated yearly, averaging 12.725 Intl $/kg from Dec 1990 (Median) to 2014, with 25 observations. The data reached an all-time high of 13.803 Intl $/kg in 2003 and a record low of 11.861 Intl $/kg in 2005. Morocco MA:(GDP) Gross Domestic Productper Unit of Energy Use: 2017 Price: PPP per Kg of Oil Equivalent data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Morocco – Table MA.World Bank.WDI: Environmental: Energy Production and Consumption. GDP per unit of energy use is the PPP GDP per kilogram of oil equivalent of energy use. PPP GDP is gross domestic product converted to 2017 constant international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.;IEA Statistics © OECD/IEA 2014 (https://www.iea.org/data-and-statistics), subject to https://www.iea.org/terms/;Weighted average;Restricted use: Please contact the International Energy Agency for third-party use of these data.
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Morocco MA: Energy Use: Kg of Oil Equivalent per 1000 PPP GDP: 2017 Price data was reported at 73.249 kg in 2014. This records a decrease from the previous number of 74.299 kg for 2013. Morocco MA: Energy Use: Kg of Oil Equivalent per 1000 PPP GDP: 2017 Price data is updated yearly, averaging 78.584 kg from Dec 1990 (Median) to 2014, with 25 observations. The data reached an all-time high of 84.309 kg in 2005 and a record low of 72.446 kg in 2003. Morocco MA: Energy Use: Kg of Oil Equivalent per 1000 PPP GDP: 2017 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Morocco – Table MA.World Bank.WDI: Environmental: Energy Production and Consumption. Energy use per PPP GDP is the kilogram of oil equivalent of energy use per constant PPP GDP. Energy use refers to use of primary energy before transformation to other end-use fuels, which is equal to indigenous production plus imports and stock changes, minus exports and fuels supplied to ships and aircraft engaged in international transport. PPP GDP is gross domestic product converted to 2017 constant international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.;IEA Statistics © OECD/IEA 2014 (https://www.iea.org/data-and-statistics), subject to https://www.iea.org/terms/;Weighted average;Restricted use: Please contact the International Energy Agency for third-party use of these data.
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Morocco MA: Energy Use: Kg of Oil Equivalent per 1000 PPP GDP: 2011 Price data was reported at 76.979 kg in 2014. This records a decrease from the previous number of 78.045 kg for 2013. Morocco MA: Energy Use: Kg of Oil Equivalent per 1000 PPP GDP: 2011 Price data is updated yearly, averaging 82.519 kg from Dec 1990 (Median) to 2014, with 25 observations. The data reached an all-time high of 89.428 kg in 2005 and a record low of 76.059 kg in 1991. Morocco MA: Energy Use: Kg of Oil Equivalent per 1000 PPP GDP: 2011 Price data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Morocco – Table MA.World Bank: Energy Production and Consumption. Energy use per PPP GDP is the kilogram of oil equivalent of energy use per constant PPP GDP. Energy use refers to use of primary energy before transformation to other end-use fuels, which is equal to indigenous production plus imports and stock changes, minus exports and fuels supplied to ships and aircraft engaged in international transport. PPP GDP is gross domestic product converted to 2011 constant international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted Average; Restricted use: Please contact the International Energy Agency for third-party use of these data.
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Morocco Living Cost Index: Fes: Housing, Water, Electricity, Gas & Other Fuels data was reported at 187.600 1989=100 in Oct 2009. This records an increase from the previous number of 187.400 1989=100 for Sep 2009. Morocco Living Cost Index: Fes: Housing, Water, Electricity, Gas & Other Fuels data is updated monthly, averaging 178.400 1989=100 from Jan 2003 (Median) to Oct 2009, with 82 observations. The data reached an all-time high of 188.300 1989=100 in Jun 2009 and a record low of 168.900 1989=100 in Jan 2003. Morocco Living Cost Index: Fes: Housing, Water, Electricity, Gas & Other Fuels data remains active status in CEIC and is reported by High Commission for Planning. The data is categorized under Global Database’s Morocco – Table MA.I008: Living Cost Index: 1989=100: by Region.
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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.