Check our heating oil prices

Check out oil prices

The Heating Oil Service has delivered average savings of 39 cents per gallon over the past 3 years.

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Our low price isn't just a one-time deal!

So since the New Year, we've seen prices rise as commodity futures seem to be in sync with the movements of other equity markets, which have been rallying a bit.

Looking at the 40-year curve for heating oil futures, typically wholesale prices fall in the second half of January to their lowest level. The big interruptions to this are when we have a significant cold spell and prices for natural gas are high enough that electricity producers switch to heating fuel instead of natural gas. Last year we saw that during the first week of January. So far we're not seeing any ZEROs in the forecast, so hopefully, we'll avoid that relatively new market development.

Beyond the weather, we'll be watching equity markets to see if the mini-rally that began 2019 continues or falls back. We expect prices to continue to be volatile, with daily changes often reaching 5 cents or more. Even with that volatility, today's prices are less than last year at this point, and we have a shot to keep our overall cost less if this trend continues.

If you haven't yet renewed your membership, you don't want to miss these great savings for the second half of this season. The $15-25 spent for renewing will come back to you in the first 50 gallons you purchase at this point. That's pretty strong payback.

orangeLine.pngour average member oil price

blueLine.pngMA or RI state average price

Massachusetts prices

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Average Prices for Green Energy Consumers in Massachusetts
for January 17, 2018

  • Average Billing 20/30 day = $2.617
  • Average Prompt 7-10 day = $2.554
  • Average COD = $2.547
  • Average NEW HAMPSHIRE COD = $2.46

How does our price compare? 

Massachusett's latest weekly price survey, on Tuesday, Jan 15, 2019, was $3.07, with a high price of $4.50 and a low of $2.38. The average price for our members in Massachusetts that day was $2.54, for savings of 53 cents per gallon on average. The survey for New Hampshire on January 14, was $3.10 versus $2.42 for a 68 cent member saving versus the average there.

Rhode Island prices

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Average Prices for Green Energy Consumers in Rhode Island
for January 16, 2018

  • Average Billing 20/30 day = $2.552
  • Average Prompt 7-10 day = $2.493
  • Average COD = $2.461

How does our price compare?

Rhode Island's latest weekly price survey, on Monday, January 14, 2019, was $2.84, with a high price of $3.92 and a low of $2.30. The average price for our members in Rhode Island that day was $2.49, for savings of 35 cents per gallon on average. 

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