Change of domestic heating oil price in selected countries 2019-2020

This statistic shows the change in the price of domestic heating oil per liter in selected countries for the period between April 2019 and April 2020. In April 2020, the domestic heating oil price in Germany was some 31.5 percent lower than in April 2019.

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 peak at 3.02 U.S. dollars per gallon in 2012. 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 4.7 percent of units, while electricity was used in 39 percent.

Change in the price of domestic heating oil per liter in selected countries from April 2019 to April 2020

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Source

Release date

May 2020

Region

Worldwide

Survey time period

April 2019 to April 2020

Supplementary notes

* Kerosene for Japan.
** No data available.
Change in average end-use total prices in national currencies.

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