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.

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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.

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.

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

The growing interest in fuel property prediction models for simplification of fuel characterization has led to techniques for evaluating the chemical functional group compositions of fuels and mixtures as low-dimensional representations of the more detailed complete fuel composition. A new technique for quantitatively evaluating the UNIFAC group composition, chosen for its predictive versatility, from two-dimensional gas chromatography (GC × GC) analysis of complex real and alternative jet fuels is discussed. GC × GC analysis provides a more detailed and comprehensive chemical composition for the extraction of chemical functional groups when compared to optical spectroscopy-based techniques like Fourier transform infrared and Raman spectroscopy. Furthermore, the operating cost is lower and GC × GC analysis is more direct than the NMR spectroscopic evaluation of functional groups. The conversion of GC × GC, time-of-flight mass spectrometry (TOF-MS), and flame ionization detection (FID) analysis data to UNIFAC group composition is done with a new method and software tool developed in this work. The tool can be decoupled from the fuel analysis method, used independently with other methods, and applied to already available fuel composition databases. Using GC × GC combined with TOF-MS and FID analysis, the UNIFAC group compositions of eleven different complex jet fuels are demonstrated as consisting of 10 groups of lower dimensional yet chemically significant features for data science prediction of fuel properties.