MA Heating Oil Prices Open Lower for 2014-2015 Heating Season

As the days get shorter and nightime temperatures began to dip even lower, one thing homeowners can be grateful for is that home heating oil prices are relatively low coming into the 2014-2015 Fall/Winter New England heating season.

A quick survey of area dealers on September 17th, 2014, found prices ranging from low of $3.10 to a high price of $3.50 per gallon, and an average of $3.34/gallon, (note prices were sampled from a mix of C.O.D./delivery-only and full service heating oil dealers).

On average, prices are lower by $0.44/gallon compared to the same date, (Sept. 17th), one year ago when average prices were $3.78/gallon, the lowest price was $3.32, and the high was $4.60 per gallon.

Season opening prices are also lower than they were a two years ago, when the average cost was $3.84/gallon, (Sept. 2012).

Homeowners should check their oil tanks now, and be sure to order oil sooner, rather than later as prices tend to rise as temperatures drop and demand for heating fuel increases.