Live Heating Oil Price Today
Real-time No. 2 heating oil futures prices via our professional API. NYMEX heating oil data updated every 60 seconds with enterprise reliability.
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Real-Time Futures
NYMEX No. 2 heating oil futures updated every 60 seconds
Home Heating Benchmark
Primary pricing reference for Northeast US residential heating oil markets
API Integration
Simple REST API with comprehensive documentation and code examples
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Start 7-Day Free Trial →About the Heating Oil Market
Market Overview
Heating oil (No. 2 fuel oil) is a petroleum distillate product primarily used for space heating in residential and commercial buildings. The NYMEX heating oil futures contract is the global benchmark, priced in US dollars per gallon. The Northeast United States — particularly New York and New England — accounts for the majority of US heating oil consumption, making regional weather events a major price driver.
Key Market Factors
- Winter weather patterns in the Northeast US
- Crude oil prices (Brent and WTI as feedstock)
- Distillate inventory levels and refinery capacity
- Competition from natural gas for heating demand
- Geopolitical supply disruptions and OPEC decisions
Energy Commodities Live Prices
Heating Oil
USD per gallon
Current PageHeating Oil Seasonal Patterns
Winter Demand (Nov–Mar)
- Peak heating demand from Northeast US households
- Cold snaps cause rapid price spikes within days
- Distillate inventory drawdowns tighten supply
- Prices typically peak in January and February
Summer Low Season (Jun–Aug)
- Lowest prices of the year — ideal for summer fill-ups
- Refiners build distillate inventories ahead of winter
- Budget and cap plans allow consumers to lock in rates
- Summer savings of 10–25% vs winter peak pricing
Heating Oil Price FAQ
What is the heating oil price today?
The current heating oil price is $4.51 per gallon based on NYMEX No. 2 heating oil futures. Prices are updated every 60 seconds and reflect current market conditions. Use the live chart above for the most current figure.
Why is heating oil so expensive?
Heating oil prices are driven by three main factors: seasonal demand (prices spike in winter as Northeast US households increase consumption), crude oil correlation (heating oil is refined from crude, so Brent and WTI prices directly affect costs), and refining margins (the spread between crude input and distillate output). Geopolitical events can amplify all three.
What is the difference between heating oil and diesel?
Heating oil (No. 2 fuel oil) and diesel are chemically nearly identical distillate products. The key differences are in their use and taxation: diesel is taxed for road use and dyed red when sold as off-road fuel, while heating oil is untaxed and dyed red to prevent illegal use in vehicles. Their prices trade closely together on NYMEX, making heating oil futures a useful proxy for diesel cost forecasting.
How can I get heating oil prices via API?
Access real-time heating oil prices through OilPriceAPI with a simple REST call using the HEATING_OIL_USD commodity code. Sign up for a free 7-day trial (10,000 requests, no credit card required). Prices update every 60 seconds and are returned in JSON format.
When is the best time to buy heating oil?
Historically, heating oil prices are lowest in summer (June–August) when demand is minimal and refiners are building inventory. A summer fill-up can save 10–25% compared to peak winter pricing. Many homeowners use automatic delivery or budget plans to average costs across the year. Prices typically peak in January and February during cold snaps.
Related Energy Commodities
Nearly identical distillate, road-use pricing
Competing home heating fuel, Henry Hub benchmark
Global crude benchmark, heating oil feedstock
Multi-year heating oil price history and trends
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# Get your API key instantly after signup
curl https://api.oilpriceapi.com/v1/prices/HEATING_OIL_USD \
-H 'Authorization: Bearer YOUR_API_KEY'
# Response:
{
"price": 4.51,
"currency": "USD",
"unit": "gallon",
"timestamp": "2026-04-07T10:52:59.162Z"
}