U.S. Heating Oil Prices in the 2022–23 Heating Season
October 2022 to March 2023 · 26 EIA surveys
Last updated
Over the 2022–23 heating season, U.S. residential heating oil averaged $4.821 a gallon, with a high of $5.902 on November 7, 2022 and a low of $4.073 on March 27, 2023.
The 2021–22 season averaged $3.738, so this season is 29.0% higher.
2022–23 against 2021–22
| 2022–23 | 2021–22 | Change | |
|---|---|---|---|
| Average | $4.821 | $3.738 | Up +$1.083 (+29.0%) |
| High | $5.902 Nov 7 | $5.127 Mar 28 | Up +$0.775 (+15.1%) |
| Low | $4.073 Mar 27 | $3.175 Oct 4 | Up +$0.898 (+28.3%) |
| Surveys | 26 | 26 |
Week by week
Season average by area
| Area | 2022–23 | 2021–22 | Change |
|---|---|---|---|
| East Coast(PADD 1) | $4.841 | $3.753 | +$1.088 (+29.0%) |
| New England(PADD 1A) | $4.769 | $3.686 | +$1.083 (+29.4%) |
| Connecticut | $4.724 | $3.714 | +$1.010 (+27.2%) |
| Maine | $4.597 | $3.511 | +$1.086 (+30.9%) |
| Massachusetts | $4.829 | $3.733 | +$1.096 (+29.4%) |
| New Hampshire | $4.897 | $3.692 | +$1.205 (+32.6%) |
| Rhode Island | $4.737 | $3.754 | +$0.983 (+26.2%) |
| Vermont | $4.735 | $3.586 | +$1.149 (+32.0%) |
| Central Atlantic(PADD 1B) | $4.921 | $3.827 | +$1.094 (+28.6%) |
| Delaware | $5.226 | $3.982 | +$1.244 (+31.2%) |
| Maryland | $5.008 | $3.875 | +$1.133 (+29.2%) |
| New Jersey | $5.074 | $3.955 | +$1.119 (+28.3%) |
| New York | $5.022 | $3.933 | +$1.089 (+27.7%) |
| Pennsylvania | $4.664 | $3.567 | +$1.097 (+30.8%) |
| Lower Atlantic(PADD 1C) | $4.651 | $3.564 | +$1.087 (+30.5%) |
| North Carolina | $4.528 | $3.525 | +$1.003 (+28.5%) |
| Virginia | $4.748 | $3.599 | +$1.149 (+31.9%) |
| Midwest(PADD 2) | $4.405 | $3.435 | +$0.970 (+28.2%) |
| Indiana | $4.417 | $3.544 | +$0.873 (+24.6%) |
| Iowa | $3.919 | $3.213 | +$0.706 (+22.0%) |
| Kentucky | $4.326 | $3.424 | +$0.902 (+26.3%) |
| Michigan | $4.157 | $3.382 | +$0.775 (+22.9%) |
| Minnesota | $4.556 | $3.695 | +$0.861 (+23.3%) |
| Nebraska | $3.757 | $3.070 | +$0.687 (+22.4%) |
| Ohio | $4.732 | $3.464 | +$1.268 (+36.6%) |
| Wisconsin | $3.987 | $3.202 | +$0.785 (+24.5%) |
Source: U.S. Energy Information Administration, weekly heating oil residential price table. Averages are simple means of the weekly survey values from October to March.