Heating Oil Prices: US Price per Gallon, 1978–2026
The US city average price of heating oil (fuel oil #2) was $5.922 per gallon in Sep 2026, according to BLS average price data (via FRED). That is 64.9% higher than a year earlier. Since January 2018 ($2.902), it is up 104.1%. In our data, which starts Nov 1978, the highest price was $5.973 (May 2022) and the lowest was $0.533 (Nov 1978).
Heating Oil Prices since Nov 1978
Heating oil (fuel oil #2), US city avg. Monthly values. Weight in the Real Inflation index: 1.2%.
Last 24 months
| Month | Price | vs year before |
|---|---|---|
| Sep 2026 | $5.922 | +64.9% |
| Aug 2026 | $5.145 | +43.7% |
| Jul 2026 | $4.799 | +32.3% |
| Jun 2026 | $4.713 | +36.1% |
| May 2026 | $5.293 | +54.2% |
| Apr 2026 | $5.291 | +50.9% |
| Mar 2026 | $5.045 | +39.2% |
| Feb 2026 | $3.990 | +4.3% |
| Jan 2026 | $3.579 | -5.6% |
| Dec 2025 | $3.660 | +5.8% |
| Nov 2025 | $3.727 | +9.3% |
| Oct 2025 | no data | |
| Sep 2025 | $3.592 | +5.8% |
| Aug 2025 | $3.580 | +1.0% |
| Jul 2025 | $3.627 | -1.5% |
| Jun 2025 | $3.463 | -3.2% |
| May 2025 | $3.433 | -7.1% |
| Apr 2025 | $3.506 | -5.4% |
| Mar 2025 | $3.625 | -3.9% |
| Feb 2025 | $3.827 | -0.0% |
| Jan 2025 | $3.793 | +0.7% |
| Dec 2024 | $3.458 | -9.5% |
| Nov 2024 | $3.410 | -15.0% |
| Oct 2024 | $3.427 | -16.2% |
| Sep 2024 | $3.394 | -18.2% |
Yearly averages since 2000
| Year | Average | Lowest month | Highest month |
|---|---|---|---|
| 2026 (9 months) | $4.864 | $3.579 | $5.922 |
| 2025 (11 months) | $3.621 | $3.433 | $3.827 |
| 2024 | $3.605 | $3.394 | $3.828 |
| 2023 | $3.838 | $3.395 | $4.313 |
| 2022 | $5.011 | $3.776 | $5.973 |
| 2021 | $3.005 | $2.549 | $3.512 |
| 2020 | $2.288 | $1.905 | $3.052 |
| 2019 | $2.985 | $2.870 | $3.103 |
| 2018 | $3.089 | $2.827 | $3.381 |
| 2017 | $2.446 | $2.215 | $2.703 |
| 2016 | $2.112 | $1.923 | $2.394 |
| 2015 | $2.601 | $2.114 | $3.019 |
| 2014 | $3.707 | $3.138 | $4.072 |
| 2013 | $3.720 | $3.569 | $3.965 |
| 2012 | $3.753 | $3.492 | $3.909 |
| 2011 | $3.712 | $3.415 | $3.975 |
| 2010 | $2.925 | $2.800 | $3.193 |
| 2009 | $2.514 | $2.319 | $2.790 |
| 2008 | $3.752 | $2.637 | $4.649 |
| 2007 | $2.680 | $2.368 | $3.247 |
| 2006 | $2.495 | $2.375 | $2.649 |
| 2005 | $2.221 | $1.859 | $2.626 |
| 2004 | $1.645 | $1.508 | $1.958 |
| 2003 | $1.400 | $1.279 | $1.766 |
| 2002 | $1.161 | $1.112 | $1.267 |
| 2001 | $1.310 | $1.117 | $1.509 |
| 2000 | $1.360 | $1.189 | $1.614 |
Source
FRED series APU000072511
BLS data series APU000072511
BLS Average Price Data
Download the full history (CSV, item_id
APU000072511)Notes and caveats
- BLS average prices are US city averages collected for the CPI. They describe a typical item, not one brand or store. BLS notes that average prices are best used to compare price levels in a given month; for price change over time, the CPI index for the item category is more appropriate.
- Missing months since 2000 (the source published no value): Oct 2025. The chart and tables leave these months blank.
FAQ
How much is a gallon of heating oil now?
The US city average price of heating oil (fuel oil #2) was $5.922 per gallon in Sep 2026 (+64.9% vs a year earlier). Source: U.S. Bureau of Labor Statistics (BLS) average price data, via FRED.
How much was a gallon of heating oil in 2018?
In January 2018 the US city average price of heating oil (fuel oil #2) was $2.902 per gallon. Since then it has changed +104.1%.
When was a gallon of heating oil most expensive?
In our data (starting Nov 1978), the highest price was $5.973 (May 2022). The lowest was $0.533 (Nov 1978).
How often is this page updated?
The source publishes monthly. We refresh every week, so the page updates soon after each new month is released.