Check our 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!

orangeLine.pngour average member oil price

blueLine.pngMA or RI state average price

Woo hoo! Nothing like a 25-cent correction in November. The Green Energy Consumers model scores early this heating season. The general market earlier this fall indicated that even members of Green Energy Consumers were facing $3.00 per gallon heating oil, and state surveys suggest oil dealers are still charging over $3.00 to their regular customers. It feels a lot better now that prices for members have fallen back to the $2.65-2.85 range, comparable to what we saw for much of the last winter. 

We’ve heard of a few fixed-price offers from our dealers that are now looking pretty high. A fixed-price plan is like buying a full season’s worth of oil on one day. Your chances of getting a good price are much smaller than our pay-the-price-on-the-day, Dollar Cost Averaging approach. Lock-in prices tend to save just a small bit when the market goes up, compared to what they can cost you when the market falls. Generally, all you lock-in is the dealer’s profit for the year.

Technically we’re in a bear market for heating oil. Traders have focused on growing U.S. supplies, a strong dollar, flagging demand in developing countries, and the ‘exceptions’ to the Iran sanctions that allow up to eight countries to continue to buy oil there. We’re hearing from Saudi Arabia and Russia that they may cut production, and typically when we have such a strong move from major producers, there is a bit of a bounce when traders lock-in profits on their short bets.

We are hopeful that we won’t see last year’s long-term run-up in prices, and we’re equally doubtful we’ll be crowing about sub-$2 heating oil anytime soon. But of course, one thing we’ve learned over the past 35-plus years is to not worry about the price of a single delivery and look at your buying success over the long-term. After all, we live in our homes for years and take dozens of heating oil deliveries over time — which is why dollar cost averaging works.

As of the November 19 and 20 statewide surveys, our average member savings compared to the average for all full-service dealers surveyed by the states were: 44 cents in Massachusetts and 45 cents in Rhode Island.

Massachusetts prices

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Average Prices for Green Energy Consumers in Massachusetts
for November 21, 2018

  • Average Billing 20/30 day = $2.730
  • Average Prompt 7-10 day = $2.668
  • Average COD = $2.661

How does our price compare? 

Massachusett's weekly price survey on Tuesday, November 20, 2018, was $3.22, with a high price of $4.50 and a low of $2.57. The average price for our members in Massachusetts that day was $2.82 for Billing; $2.753 for COD.

Rhode Island prices

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Average Prices for Green Energy Consumers in Rhode Island
for November 21, 2018

  • Average Billing 20/30 day = $2.643
  • Average Prompt 7-10 day = $2.578
  • Average COD = $2.550

How does our price compare?

Rhode Island's weekly price survey on Monday, November 19, 2018, was $3.12, with a high price of $3.95 and a low of $2.58. The average price for our members in Rhode Island that day was $2.733 for Billing; $2.64 for COD.

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