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Heating Fuel Prices

U.S. Heating Oil Prices in 1998

7 EIA surveys, Jan 19, 1998 to Dec 7, 1998

Last updated

Average
$0.914
High
$0.989
Jan 19
Low
$0.857
Dec 7
Against 1997
Down −$0.165 (−15.3%)
change in average

In 1998, EIA published 7 residential heating oil prices for the U.S.. They averaged $0.914 a gallon, from a low of $0.857 on December 7, 1998 to a high of $0.989 on January 19, 1998.

The average was 15.3% below 1997’s $1.079.

EIA surveys only during the heating season in most years, so there are no values for April, May, June, July, August and September.

Week by week

U.S. heating oil prices in 1998U.S. heating oil in 1998: 7 weekly values from Jan 19, 1998 to Dec 7, 1998, highest $0.989 on Jan 19, 1998, lowest $0.857 on Dec 7, 1998.$0.85$0.90$0.95$1.00JanFebMarAprMayJunJulAugSepOctNovDec

Every survey in 1998

U.S. heating oil prices by month, 1998, dollars per gallon
MonthSurvey dates and pricesMonth average
JanuaryJan 19 $0.989$0.989
FebruaryFeb 2 $0.984$0.984
MarchMar 2 $0.969$0.969
OctoberOct 5 $0.862Oct 19 $0.869$0.865
NovemberNov 16 $0.866$0.866
DecemberDec 7 $0.857$0.857

Source: U.S. Energy Information Administration, weekly heating oil residential price table (U.S. series). Prices exclude taxes.

Heating oil — weekly U.S. average, CSV (12 rows, from 2026-02-02 to 2026-10-19)

Columns: survey_date, area, fuel, price_usd_per_gallon_excl_taxes. Prices are residential, in dollars per gallon ($/gal), excluding taxes. Source: EIA.

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