What is the price of oil in Massachusetts today?
Weekly Winter Fuel Surveys
| Heating Oil | Average | Low |
|---|---|---|
| This Week (12/21/21) | $3.30/gallon | $2.74/gallon |
| Last Week (12/14/21) | $3.30/gallon | $2.70/gallon |
| Last Year | $2.39/gallon | $1.90/gallon |
| % Change from Last Year | 38.4% | 44.3% |
How much is a gallon of oil worth?
Crude oil prices in 2018 averaged around $61.40 a barrel, and the price of a gallon of gasoline was $2.74, well below the inflation-adjusted all-time high annual average of $3.94 in 2012. States also impose gasoline taxes, which vary from state to state and affect the average price nationwide.
How much does oil heat cost per month in Massachusetts?
Projected household heating costs for 2021-2022 by average consumption for each fuel
| Heating Fuel | Forecasted Fuel Price ($) | Estimated Expenditures |
|---|---|---|
| Heating Oil | $3.27/gallon | $2,343 |
| Propane | $4.18/gallon | $3,192 |
| Natural Gas | $1.87/therm | $1,243 |
| Electric Resistance Heat | $0.26/kWh | $939 |
What is the price of Number 2 fuel oil?
2 Heating Oil Residential Price….Stats.
| Value from Last Week | 3.35 |
|---|---|
| Value from 1 Year Ago | 2.339 |
| Change from 1 Year Ago | 43.01% |
| Frequency | Weekly |
| Unit | USD per Gallon |
Why has heating oil gone up in price?
Supply and Demand: The supply and demand of heating oil fluctuates throughout the year, in large part due to changes in weather but also due to changing consumer habits and large-scale events. With more supply than demand, home heating oil prices fall. With more demand than supply, home heating oil prices rise.
How much does a barrel of oil cost?
A world oil price in the range of $55 to $60 per barrel is less than the cost of Russian Arctic oil production, European and Brazilian biofuel production, US and Canadian shale and tight oil production, and Brazilian presalt oil production.
How much does a gallon of oil cost?
The average cost is $1 to $2 per gallon of waste oil. It’s hard to find anyone willing to buy the sludge due to possible contamination. The cost of disposing of an old oil tank is $200 to $300. This does not include transport if the disposal location is far.
What is the average price of heating oil?
According to EIA historical data [ 3], from October 2012 to March 2013 the average price per gallon for residential heating oil varied from $3.969-$4.175, or about $910-$1,000 to refill a 275-gallon tank and $1,850-$2,100 for a 550-gallon tank; and 10 years ago, from October 2003 to March 2004, the average was $1.344-$1.625 a gallon.