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.

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.

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.

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.

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.

Germany Gasoline Price: Without Taxes: Heating Gas Oil data was reported at 689.100 EUR/1000 l in 03 Mar 2025. This records a decrease from the previous number of 701.700 EUR/1000 l for 24 Feb 2025. Germany Gasoline Price: Without Taxes: Heating Gas Oil data is updated weekly, averaging 513.440 EUR/1000 l from Jan 2002 (Median) to 03 Mar 2025, with 1153 observations. The data reached an all-time high of 1,595.790 EUR/1000 l in 14 Mar 2022 and a record low of 204.240 EUR/1000 l in 21 Jan 2002. Germany Gasoline Price: Without Taxes: Heating Gas Oil data remains active status in CEIC and is reported by European Commission's Directorate-General for Energy. The data is categorized under Global Database’s Germany – Table DE.DG ENER: Gasoline Price.

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 Feb 2025 about heating, fuels, oil, commodities, housing, PPI, inflation, price index, indexes, price, and USA.

This statistic shows the change in the price of domestic heating oil per liter in selected countries for the period between June 2019 and June 2020. In June 2020, the domestic heating oil price in Germany was some 27.7 percent lower than in June 2019.

Domestic heating oil

The price of domestic heating oil per liter has decreased in many countries. In the United Kingdom, prices dropped by 24.8 percent, while in Canada, prices dropped by 25.5 percent. In the United States, winter heating oil prices increased from 2.06 U.S. dollars per gallon in 2015/2016 during the oil glut years, to 3.07 U.S. dollars per gallon in 2019/20. Domestic heating oil is used for the heating of domestic homes. It is a liquid petroleum product. It is often delivered to homes by a tank truck and stored in above-ground storage tanks. In the United States, this type of oil is known as No. 2 heating oil and prices are tracked by the Department of energy. However, in new single-family houses, use of heating oil in the U.S. is rather uncommon, accounting for less than 0.5 percent of the heating type share since 2013.

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.

The Average Residential Retail Kerosene Prices dataset provides New York residents and businesses with objective information on average residential retail kerosene pricing in New York State and by region beginning September 4, 2000. Pricing data is obtained via surveys conducted by New York State Energy Research and Development Authority (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 Kerosene Prices Dashboard: https://www.nyserda.ny.gov/researchers-and-policymakers/energy-prices/kerosene/average-kerosene-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, and reduce reliance on fossil fuels. To learn more about NYSERDA’s programs, visit nyserda.ny.gov or follow us on Twitter, Facebook, YouTube, or Instagram.

Germany Gasoline Price: With Taxes: Heating Gas Oil data was reported at 1,031.000 EUR/1000 l in 17 Mar 2025. This records a decrease from the previous number of 1,038.600 EUR/1000 l for 10 Mar 2025. Germany Gasoline Price: With Taxes: Heating Gas Oil data is updated weekly, averaging 684.000 EUR/1000 l from Jan 2002 (Median) to 17 Mar 2025, with 1155 observations. The data reached an all-time high of 1,972.000 EUR/1000 l in 14 Mar 2022 and a record low of 308.100 EUR/1000 l in 21 Jan 2002. Germany Gasoline Price: With Taxes: Heating Gas Oil data remains active status in CEIC and is reported by European Commission's Directorate-General for Energy. The data is categorized under Global Database’s Germany – Table DE.DG ENER: Gasoline Price.

Have timely access to reliable Fuel Oil price assessments in Netherlands:

• Fuel Oil (heavy), export spot price, fob, Netherlands

Each assessment includes Fuel Oil price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Fuel Oil price assessments for Netherlands and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Rack Prices - Heating Fuel Prices by date

Have timely access to reliable Fuel Oil price assessments in Canada:

• Fuel Oil (heavy), export spot price, fob, Canada

Each assessment includes Fuel Oil price history for the past 10 years, current prices, and short-term forecasts. Price assessments are updated on the 3rd business day of every month and are accessible via online charts, an Excel Add-In, and an API. Free previews for all assessments are available at Intratec website.

Fuel Oil price assessments for Canada and up to 32 other countries are part of Intratec Energy Price References. Subscribe and access now current prices of key energy commodities worldwide.

Canada Avg Retail Price: Heating Fuel: Alberta: Edmonton data was reported at 164.500 0.01 CAD/l in Jan 2025. This records an increase from the previous number of 155.800 0.01 CAD/l for Dec 2024. Canada Avg Retail Price: Heating Fuel: Alberta: Edmonton data is updated monthly, averaging 85.200 0.01 CAD/l from Jan 1990 (Median) to Jan 2025, with 421 observations. The data reached an all-time high of 193.400 0.01 CAD/l in Jun 2022 and a record low of 41.900 0.01 CAD/l in Jan 1990. Canada Avg Retail Price: Heating Fuel: Alberta: Edmonton data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.P015: Fuel Oil Price at Self Service Filling Stations. [COVID-19-IMPACT]

As of December 2024, the average consumer price of light heating oil in Germany was around 99.4 euro cents per liter. Prices fluctuated during the specified time period and were noticeably higher in 2022. Like fuel prices, heating oil prices are important cost factors for consumers.

As of 2022, crude oil accounted for a 48 percent share of the price of one gallon of residential heating oil in the United States. By comparison, refinery costs accounted for 15 percent of the price of one gallon of residential heating oil.

Graph and download economic data for Average Price: Fuel Oil #2 per Gallon (3.785 Liters) in Washington, DC-MD-VA (CBSA) (APUA31572511) from Nov 1978 to Dec 1997 about DC, Washington, fuels, MD, energy, VA, urban, retail, price, and USA.