U.S. winter heating oil prices 2005/06-2019/20

The average price of heating oil in the United States in the winter between 2019 and 2020 is expected to reach 3.02 U.S. dollars per gallon. The number of heating degree days, days the average temperature is below 18° Celsius (65° Fahrenheit), helps quantify the energy demand required to heat a building.

Heating oil basics

Heating oil is a liquid petroleum product that is, among other things, used to heat 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.

How is heating oil priced?

Generally, heating oil prices are collected during the heating season between October and March. For residential customers, retail heating oil prices are determined by the cost of crude oil for refiners; cost to produce heating oil; and costs associated with marketing, distributing, and delivering. Consumers can lower heating oil bills by considering when they purchase, reducing consumption, and through government assistance programs.

Average consumer price for heating oil in the U.S. from winter of 2005/06 to winter of 2019/20 (in U.S. dollars per gallon)*

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Source

Release date

October 2019

Region

United States

Survey time period

2005 through winter of 2018/19

Supplementary notes

* Prices include taxes
The figures are compiled from several editions of the report.

** The figure for 2019/20 is preliminary.

Winter: October 1 through March 31.

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Statistics on "Energy consumption in the United States"

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