Change in the price of domestic heating oil per liter in selected countries from August 2016 to August 2017

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Change in heating oil price
United Kingdom12.2%
United States**-
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About This Statistic

This statistic shows the change in the price of domestic heating oil per liter in selected countries for the period between August 2016 to August 2017. In August 2017, the domestic heating oil price in Germany was some 10.1 percent higher than in August 2016.

Domestic heating oil

The price of domestic heating oil per liter has decreased in many countries. In the United Kingdom, prices dropped by 31.5 percent, while in Canada, prices dropped by 15.3 percent from January 2014 to 2015. However, in the United States, prices increased from 2.44 U.S. dollars per gallon in 2005/2006 to its highest in the decade at 3.88 U.S. dollars per gallon in 2013/2014.

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. The average annual New York harbor No. 2 heating oil spot prices have also increased from 0.69 U.S. dollars per gallon in 1990 to 2.13 U.S. dollars per gallon in 2010. However, in new single-family houses, use of heating oil in the U.S. is rather uncommon, accounting for about one percent of the heating type share where gas accounts for 59 percent. Among all occupied housing units, fuel oil was utilized in about 6.5 percent of units and electricity was used in 35.4 percent of units.

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