Propane Prices

Propane Gas Regulators

Bayou Classic 7850 0-30 PSI Adjustable High-Pressure Propane Regulator for 1/4-Inch Inlets and Outlets 7850 This High Pressure Regulator/Valve is the perfect addition to all of your outdoor cooking. Any product behind the Bayou Classic name is known for…

Camp Chef HRL replacement hose and regulator, 1 PSI The Camp Chef HRL is a replacement hose for low pressure systems. 1 PSI hose and regulator.

Smith Lp Propane Regulator Cga 510 30-50-510 New Smith propane regulator #30-50-510.    These regulators feature forged brass bonnet ring, long T-bar adjusting screw and dual gauges … in both…

What is a propane regulator? The purpose of a regulator is regulate or control the flow of propane gas. These will usually be found when you are using a heater for camping or a barbecue grill. A propane regulator will allow you to adjust the amount of propane fuel that is being used. They are also used as a safety feature too.
The idea behind using a gas regulator is to control of limit the amount of propane gas that is passing through the fuel line. The regulator is often manually operated so you may turn it off completely when it is no longer in use. When it is in use, you can adjust the amount of gas being used. You can adjust it so just the right amount is being used. If to little is flowing, then the grill won’t stay lit. If too much (and too much pressure) is going through the fuel line, it can cause an accident or possibly an explosion.

Most people have used a regulator without really thinking about it. Most of the time you have used it with your propane grill. When you go to use your grill, you open up the regulator to allow gas to flow to the burners. Once they are lit, you can then adjust the amount of lp gas that is being consumed.

Buying a propane gas regulator is very easy to do. You can find many sizes to fit your needs online. A good name brand propane regulator by Weber, GasWatch LP and Mr. Heater can be purchased for around $20.

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Weekly Propane Prices for the week ending January 30, 2012

2009-2010 Propane prices are below.

The average residential propane price fell 0.7 cent per gallon to reach 267.7 cents per gallon. This was an increase of 40.3 cents per gallon compared to the same period last year. Wholesale propane prices dropped 3.3 cents per gallon to reach 134.7 cents per gallon. This was an increase of 58.9 cents per gallon when compared to the March 2, 2009 price of 75.8 cents per gallon.

After reaching a peak of 73 million barrels in October, an 11-year high, propane supplies have dropped precipitously through the winter heating season. The inventory draw appears to have tapered off last week as total U.S. inventories fell 0.5 million barrels to 26.8 million barrels. The Gulf Coast region led the decline with a 1.7 million barrel draw. All other regions realized a gain in propane inventories. East Coast stocks built by 1.0 million barrels, the Midwest region increased by 0.2 million barrels, and the Rocky Mountain/West Coast region was slightly higher.

Propane prices for the average residential use ticked up a half cent this week. The average propane price is now $2.688 per gallon. Compared to last year, that is a increase of nearly 36 cents. Wholesale propane gas prices rose just over 7 cents per gallon to reach $1.527 a gallon. This is a hugh increase of over 66 cents per gallon when compared to last years price at this time.

Propane inventories declined by 1.3 million barrels this week. This compares to the 4.8 million draw down back on January 15, 2010. Propane Gas inventories declined by almost 1 million barrels in the Gulf Coast region while the Midwest dropped about .4 million barrels. East Coast saw a slight build up in propane inventory.

Current Propane Gas Prices

The average residential propane prices jumped 12.7 cents per gallon to reach 266.1 cents per gallon. This was an increase of 35.5 cents per gallon compared to the same period last year. Wholesale propane gas prices rose 9.6 cents per gallon to reach 156.5 cents per gallon. This was an increase of 65.2 cents per gallon when compared to the January 12, 2009 price of 91.3 cents per gallon.

Propane Gas Inventories Continue to Nosedive
Propane gas supply across the country continued to fall last week. Total U.S. inventories drew by 3.5 million barrels to 46.0 million barrels total. The Gulf Coast region led the draw with 1.7 million barrels, while the Midwest region drew 1.0 million barrels of inventory. The East Coast regional propane inventories fell by 0.7 million barrels and the Rocky Mountain/West Coast region drew about 0.1 million barrels.

Current propane prices for the week ending 1/4/2010

The average residential propane price gained 7.3 cents per gallon to reach 253.6 cents per gallon. This was an increase of 22.6 cents per gallon compared to the same period last year. Wholesale propane prices rose 4.7 cents per gallon to reach 146.9 cents per gallon. This was an increase of 64.6 cents per gallon when compared to the January 5, 2009 price of 82.3 cents per gallon.

Propane Continues Seasonal Draw
Cold temperatures across the Nation led total U.S. inventories of propane to fall last week by 3 million barrels to 49.4 million barrels. The cumulative stockdraw during December totaled nearly 12 million barrels, about 2.8 million barrels higher than the most recent 5-year average, as spells of cold weather swept through some of the major propane heating regions during the month. The Midwest region drew 1.3 million barrels and the Gulf Coast region drew 1.0 million barrels. The East Coast and Rocky Mountain/West Coast regions each drew 0.3 million barrels of propane inventory.

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Do you enjoy spending a summer’s afternoon on your deck grilling and cooking for a few friends? Or how about sitting around a nice propane fire pit? I find it very relaxing to do. The only thing that is a hassle is when I run out of propane and need to refill my tank. Lets look at how you can go about refilling that tank for your next barbecue.

Years ago in my area, you would have to travel a bit to go find a propane dealer to fill up your tank. Now there are several companies that have propane tank exchanges that makes refilling and exchanging so much easier today.

Blue Rhino Propane and AmeriGas are 2 of the largest propane tank exchange companies in the United States.

Blue Rhino (which is owned by Ferrellgas LLP) can be found at Lowe’s, and at convenience stores and gas stations and thousands of other locations nationwide. Wal-Mart also has a propane tank exchange with Blue Rhino. You can either purchase a tank from Blue Rhino, or exchange a tank you already own. Before you exchange your existing tank, it will need to be checked out to see it is acceptable for exchange. They do not want to take an old rusted out unsafe tank.

Exchanging the tank is very easy to do. Just go to the exchange location, find a clerk and you can be walking out with a new full tank in just a few minutes. Just one bit of advice, don’t go when you are in a rush to exchange the tank. Sometimes it takes awhile for a clerk to come around to take your tank and to unlock the storage and give you a new one. So you might want to only exchange when the store isn’t busy.

AmeriGas tank exchange works the same way. They are located at Home Depots and other locations throughout the United States. AmeriGas also offers a self-serve exchange. You go to their exchange kiosk, and pay with a credit card. After the transaction is approved, it will tell you which numbered locker to exchange your tank with. Go over to it, open it up, take out the full tank and place your empty one in there. Nice and easy right?

Exchanging a propane tank versus refilling the tank

If there is a refill station near you, it might be more convenient and perhaps cheaper to have your tank refilled instead of exchanged. Here is something you need to know. When you go to exchange a propane tank, just don’t compare prices. You are exchanging a 20-pound capacity propane tank, but as of this writing, Blue Rhino and AmeriGas only fill it to 15 pounds. So if you call a propane dealer and ask their price for a refill, it may sound more expensive, but the dealer will fill it to about 18 pounds. When you go to the Blue Rhino or AmeriGas station, you will see that they do state their tanks are filled to 15 pounds. As always, you should compare propane prices.

Transporting Your Propane Tank

Transporting your full propane tank is safe to do if you follow some basic common sense.
This is stating the obvious. Propane is a flammable fuel and you must use care in transporting it. If you are carrying it in the back of a pickup truck, you must secure the propane tank so it doesn’t roll around. The same holds true if you put the tank in the trunk of your car or in the passenger compartment. If you propane tank is not secured it can cause damage to your car and even possibly explode.

Some people will use a cardboard box or a milk crate to help secure the tank and to keep it in it’s upright position. Do not leave a propane tank in your car for any length of time. If you go out shopping, refilling or exchanging the tank should be the last stop on your trip. After receiving a filled tank, you should bring it home and store it properly.

Propane Tank Exchange Locations

Find Blue Rhino propane tank exchange locations here.

Find AmeriGas propane tank exchange locations here.

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Propane gas is a very green and energy efficient fuel to use. People are increasingly turning to propane water heaters to take advantage of that. This article will review and price compare tank less propane water heaters, portable propane water heaters and traditional tank water heaters.

Eccotemp Systems portable tankless water heater

This is a portable tankless water heater that you can use and bring everywhere. Some of its uses are for outdoor work like washing boats and cars. You can use it for taking hot showers outdoors at the beach or lake house. It is also great for camping or if you have a cabin off the grid so to speak. This gives you instant hot water when you turn it on. There is no reservoir, so as long as the water is running it will be hot. It delivers 1 gallon of hot water per minute and has an adjustable water temperature from 80 degrees up to 150 degrees. It will fit any standardize garden hose style nozzle. This unit comes with a shower nozzle with an on-off control. It also includes hose and regulator to attach to a propane tank.
This Eccotemp Systems portable tankless water heater has a 4.5 star rating out of 5 with 28 customer reviews. For more information and reviews, please click here

Portable Tankless Water Heater with Shower Head

Endless hot water, in a FLASH! LP – powered Portable Tankless Water Heater. Hot water, instantly and exactly where you need it! Great for camping, cabin…

Rating: 4.5 / 5.0

Price: $129.50

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Propane Tankless Water Heaters
Also known as tankless on demand propane water heaters. This type of propane water heater has become very popular over the last few years? Why? Because they use less energy and will save you money on your propane bills in the long run. These units use about 50 percent less propane gas than a typical tank water heater. They will only burn gas when you use water on demand. With a typical tank water heater, even when you are not using it, the water must still be heated so it is hot when you finally use it. With an on demand propane water heater, it only goes on when you want hot water.
The best selling model at Amazon is the Bosch 1600H LP AquaStar 4.3 GPM Indoor Tankless Liquid Propane Water Heater. This unit can practically give you endless hot water. It delivers up to 4.3 gallons per minute. No more yelling at the hot water hog in the house anymore. This is compact and is lightweight so you can mount it on a wall for easy installation. This has a 3.5 star out of 5 rating on Amazon.

Bosch 1600H LP AquaStar 4.3 GPM Indoor Tankless Liquid Propane Water Heater

Bosch, 1 Major Appliance Or Shower At A Time, Hydro Ignition, LP Tankless Water Heater, Hydro Ignition Means No Standing Pilot Or Electricity Needed,…

Rating: 3.5 / 5.0

76% Buy This Item After Viewing It

Price: $652.06

Tankless water heaters are more expensive than a tank water heater, but will pay for itself in lower propane gas usage. Depending on the tankless model you purchase, you may qualify for a tax credit through the American Recovery and Reinvestment Act of 2009. High efficient propane water heaters installed between January 1, 2009 and December 31, 2010 will be eligible for a tax credit. With water heaters, you can reclaim 30 percent of the installed cost and the credit goes up to $1,500. Not bad having Uncle Sam pay part of your new propane water heater.
Propane Tank Water Heaters
These are the traditional tank water heaters you have always seen. They have become much more energy efficient in recent years. A tank can typically be purchased from $350 and up. While your initial cost may be low, they are much more expensive in the long run to operate as compared to a tankless water heater. These models also qualify for the energy credit if they meet certain energy efficient ratings

RHEEM 50 Gallon FVR Propane Water Heater 6YR 22V50F1P 50 Gallons Flammable Vapor Ignition Resistant Propane Water Heater 6-year WarrantyFeatures:6-Year Limited Tank and Parts WarrantyOne-of-a-kind air/fuel… $395.39

RHEEM 40 Gallon FVR Propane Water Heater 6YR 22V40F1P 40 Gallons Flammable Vapor Ignition Resistant Propane Water Heater 6-year WarrantyFeatures:6-Year Limited Tank and Parts WarrantyOne-of-a-kind air/fuel…

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The average residential propane price rose 6.2 cents per gallon to reach 246.6 cents per gallon. This was an increase of 14.9 cents per gallon compared to the same period last year. Wholesale propane prices increased 11.2 cents per gallon to reach 142.2 cents per gallon. This was an increase of 61.5 cents per gallon when compared to the December 29, 2008 price of 80.7 cents per gallon.

Propane Inventories Fall
Propane inventories in the U.S. fell by 1.5 million barrels last week to 52.5 million. The largest draw of 1.1 million barrels occurred in the Gulf Coast region. The Midwest regional stocks fell by 0.5 million barrels and the Rock Mountain/West Coast region drew slightly. The East Cost regional stocks built by 0.1 million barrels.

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Propane prices in Pennsylvania continue to climb. Prices jumped over 6 cents for residential customers. Propane prices at the wholesale level leapt almost 8.5 cents. Use this information when barginning with your propane supplier.

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The average residential propane price increased 4.8 cents per gallon to reach 240.3 cents per gallon. This was an increase of 7.3 cents per gallon compared to the same period last year. Current propane prices increased 6.2 cents per gallon to reach 131.0 cents per gallon. This was an increase of 45.7 cents per gallon when compared to the December 22, 2008 price of 85.3 cents per gallon.

Propane Inventories Draw Again
Total U.S. inventories of propane continued to decline last week, falling 3.4 million barrels to 54 million barrels. The Gulf Coast region drew 2.1 million barrels of propane stocks and the Midwest region declined 1.2 million barrels. The East Coast stocks dropped by 0.3 million barrels and the Rocky Mountain/West Coast region gained slightly.

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The average residential propane price increased 1.8 cents per gallon to reach 235.5 cents per gallon. This was an increase of 1.4 cents per gallon compared to the same period last year. Wholesale propane prices fell 3.6 cents per gallon to 124.8 cents per gallon. This was an increase of 45.8 cents per gallon when compared to the December 15, 2008 price of 79.0 cents per gallon.

Inventories of Propane Experience a Large Draw
Last week propane inventories experienced the largest weekly draw since February 2007, falling below the lower limit of the average range for the first time this year. Total U.S. inventories decreased 4.0 million barrels to 57.4 million barrels. The Gulf Coast regional stocks dropped 2.2 million barrels and the Midwest region declined 1.1 million barrels. The East Coast and Rocky Mountain/West Coast regions each drew 0.3 million barrels of inventory.

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The average residential propane price increased 4.6 cents per gallon to reach 233.8 cents per gallon. This was a decrease of 3.1 cents per gallon compared to the 236.9 cents per gallon average from the same period last year. Wholesale propane prices rose 5.6 cents per gallon, from 122.8 cents per gallon to 128.4 cents per gallon. This was an increase of 58.1 cents per gallon when compared to the December 8, 2008 price of 70.3 cents per gallon.

Propane Inventories  Continue to Draw
Over the past eight weeks, propane inventories have plummeted 11.5 million barrels from a level well above the average range to near the lower boundary of the average range. Total U.S. inventories of propane fell by 1.3 million barrels last week to 61.4 million barrels. The Midwest regional stocks experienced the largest decline of 0.8 million barrels. The Gulf Coast region drew by 0.4 million barrels and the Rocky Mountain/West Coast region fell by 0.1 million barrels. The East Coast regional inventories grew slightly.

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Heating oil for the home prices for the week ending January 30, 2012

Heating oil prices experienced a small increase of 1 cent a gallon this week to settle at $3.95 a gallon. This is 43 cents higher than this time last heating season. Wholesale heating prices rose 8 cents this week to finish at $3.16 per gallon, which is 36 cents higher than last year.

Home Fuel Prices For The Week Ending January 23, 2012

The heating oil price for residential users dropped 1 cent this week to finish at $3.94 a gallon. While this was a small drop, it is still 46 cents a gallon higher than the price of home oil last January. Heating oil prices at the wholesale level decreased 4 cents a gallon to finish at $3.08 a gallon, which is 33 cents a gallon higher than this time last winter.

Heating Oil Pricing For The Week Ending January 18, 2012

Home heating oil buyers will feel a bit of a pinch this week. Home heating oil prices rose 2 cents per gallon to rise to a national average of $3.95 per gallon. However wholesale oil prices dropped 4 cents a gallon. This now makes residential oil prices 50 cents higher and wholesale prices 38 cents per gallon higher than last year.

Home oil prices for the week ending January 11, 2012

Residential fuel oil prices rose by 9 cents a gallon this week to rise to $3.93 per gallon. That is the largest weekly price increase so far this heating season. To make matters worse, this is 57 cents higher than last years price at this time. Wholesale oil prices also rose this week. They increased by 16 cents a gallon to finish at $3.16 a gallon, 55 cents higher than last January 11th.

Current home heating oil prices for the week ending January 5, 2012

The price of heating oil for residential use climbed just over a penny to $3.84 per gallon this week. While it was a small price increase, it is still 51 cents higher than this time last year. Wholesale heating oil prices now stand at an even $3.00 a gallon, 3 cents higher than last week and 35 cents a gallon higher than last year.

Oil Heating prices for the week ending December 26, 2011

Oil prices for residential use increased a penny this week to reach $3.83 per gallon. Compared to last year at this time, the price was $3.31 per gallon during the week of December 25, 2010. Wholesale oil prices climbed even higher. They increased 9 cents a gallon to $2.97 per gallon, which is 33 cents a gallon higher than last year.

Home heating oil price trends for the week ending December 12, 2011

Home heating oil users received an early Christmas present this week. According to the EIA, residential heating oil prices were lower this week by about 3 cents a gallon to $3.87 a gallon. While this is lower than last week’s average price, it is 62 cents higher than last years price at this time. Wholesale prices dropped 10 cents this week to end at $2.98 a gallon.

Little Change in U.S. Residential Heating oil for the week ending December 5, 2011

This weeks prices for heating oil were flat to mixed to remain at $3.89 per gallon. This is 69 cents higher than this week last year. Heating oil dropped about 6 cents per gallon in the Midwest while the rest of the country remained unchanged. Wholesale heating oil prices are now 53 cents a gallon more than last year. This week’s wholesale price average is $3.08 per gallon, up 1 cent from last week.

Home heating oil prices drop the week ending November 28, 2011

This weeks average residential price for home heating oil dropped 4 cents this week to settle at just under $3.90 a gallon. While the price drop is welcomed, it is still 78 cents a gallon higher than last winter at this time. Wholesale heating oil prices also dropped this week. They were 6 cents lower than last week, but still 65 cents higher than last years price.

This week’s national heating oil prices for the week ending November 21, 2011

After 5 straight weeks of higher prices, the price of residential heating oil dropped for the week ending November 21, 2011. The average price fell by about a penny to $3.94 a gallon. However, this is still 83 cents a gallon higher than last year at this time.

Wholesale heating oil prices decreased by 17 cents per gallon, finishing at $3.13 per gallon. This is 77 higher than this time last year.

Shop for the best heating oil prices for the week ending November 14, 2011

Heating fuel oil rose quite a bit this week. It went up 7 cents a gallon to $3.94 a gallon. Wholesale oil prices went up over 9 cent a gallon to $3.29 a gallon. This is an increase of 82 cents a gallon and 84 cents a gallon respectively from last years prices at this time.

The cost of heating oil for the home for the week ending November 7, 2011

Heating oil prices rose to an average price per gallon of $3.88 a gallon. This is 3 cents higher than last weeks reported price. This is also 80 cents a gallon higher than at this time last year. Wholesale oil prices rose even more. They rose 5 cents a gallon this week to $3.20 a gallon. This is 75 cents higher per gallon than last winter.

Heating Oil Prices for the week ending October 31, 2011

Once again, residential heating oil prices are increasing. This week they increased 5 cents a gallon to rise to $3.85 per gallon. This represents an increase of 86 cents a gallon from this time last year. Wholesale oil prices also rose this week. They increased 5 cents a gallon to $3.16. This is 84 cents higher than last year at this time.

Price of heating oil for the week ending October 24, 2011

Heating oil prices increased slightly this week. They rose only 3 cents per gallon this week to $3.80 per gallon. This is 81 cents higher than last year at this time. Wholesale oil prices also increased this week. They are now 2 cents higher to $3.11 a gallon.

Residential heating oil prices for the week ending October 17, 2011

Once again heating oil prices rose this week. The average price for heating oil was up 9 cents a gallon this week to $3.77 a gallon. Compared to last years price at this time, oil is up 80 cents a gallon. Wholesale prices were also higher. They rose 17 cents a gallon last week. This is 83 cents higher than last year.

Home heating oil prices for the week ending October 10, 2011

Good news, heating oil prices actually dropped 1 cent per gallon this week. The national average now stands at $3.69 per gallon. However this is a huge increase of 73 cents a gallon from this time last year. On th wholesale heating oil front, prices rose by 10 cents a gallon to $2.97 per gallon. This is 61 cents higher than this time last year.

Heating oil prices for the week ending October 3, 2011

This week begins the reporting of wholesale and retail prices of home heating by the EIA. Each week from October to March, we will report the average price of heating oil nationally and state by state. Residential heating oil prices start the season averaging $3.69 a gallon. This is about 78 cents higher than this week one year ago.

Home heating oil prices for the week ending March 14, 2011

Heating oil prices for residential use rose a half-cent this week. Heating oil prices now stand at $3.88 a gallon. This is 95 cents higher than this time last year. This is also 97 cents higher than the price of heating oil at the start of the 2010/2011 heating oil season. The price of heating stood at $2.91 a gallon at the beginning of the heating season back in October of 2010. Wholesale heating oil prices went down by about 6 cents a gallon this week. Wholesale prices are now $3.15 a gallon, which is 97 cents higher than last year.

How do you find the cheapest home heating oil?

Everyone wants to save money. That is an obvious statement. But you would be surprised at how people continue to throw away money on their heating oil bills. Heating costs have been going up over the last few years, what have you done to lower your energy bills?

You would be surprised how many consumers don’t bother to compare home heating oil prices. They just grab the first name out of the phonebook or just stick with their supplier without every really seeing if they are getting the best heating oil prices.

If you are happy with your dealer, that’s great. But you still should check and compare them with other heating oil companies. You may be able to find a lower price.

Now when you do call around and compare prices, just don’t take the lowest quoted price per gallon. Some oil companies will quote a low per gallon price, but will then add on miscellaneous fees for an oil delivery that’s raises the price quite a bit. Always ask if there are additional fees like a delivery charge or a fuel surcharge for the delivery. An ethical oil dealer will be upfront with you with all of their charges.

Be sure to check out the oil supplier with your local Better Business Bureau. They can tell you if there are any complaints about the dealer. This will give you an idea of what type of operation they run.

Residential heating oil prices for the week ending March 7, 2011

The average price for home heating oil continues to rise this week. The national average price for heating oil now stands at $3.87 a gallon, an increase of 12 cents a gallon from last week. This is 95 cents higher since this time last year. Wholesale heating oil prices rose about 16 cents per gallon last week to $3.41 per gallon. This is about $1.02 higher than during the week of March 8, 2010

Residential home heating oil prices up sharply the week ending February 28, 2011

Heating oil prices for home delivery jumped 14 cents a gallon this week to bring the price of heating oil to $3.76 per gallon national average. This is 86 cents a gallon higher than what you were paying last winter. Wholesale oil prices were up 21 cents a gallon last week to $3.05. That is 93 cents higher than this time last year.

Home heating oil costs for the week ending February 21, 2011

The average home heating oil price increased 3 cents per gallon this week for a national average price of $3.62 per gallon. This is an increase of 72 cents per gallon from this time last year. The wholesale price per gallon of heating oil increased to $2.84 per gallon. This is a penny higher than the previous week. Heating oil wholesale prices are now 68 cents a gallon higher than last year.

Heating oil prices continue to go higher for the week ending February 14, 2011

Heating oil prices for residential use are up again this week. The national average now stands at $3.59 per gallon, an increase of 1 cent from last week. This is 73 cents more per gallon than at this time last winter. Wholesale heating oil prices also increased. They are up just under 2 cents a gallon to $2.83 a gallon now.

National heating oil prices for the week ending February 7, 2011

Residential heating oil prices this week continue their upward trajectory. Nationally the price of residential heating oil increased to $3.58 per gallon. This is an increase of 5 cents a gallon from last week and represents an increase of more than 73 cents a gallon more than last winter. Wholesale heating oil prices rose 1 cent a gallon to $2.81 per gallon, this is 84 cents higher than last year.

Heating Oil Prices for the week ending January 31, 2011

Heating oil prices continued to rise during the period ending January 31, 2011. The average residential heating oil price increased to $3.52 per gallon, about $0.05 per gallon over last week and $0.66 per gallon more than last year at this time. Wholesale heating oil prices increased by $0.06 per gallon last week, reaching a price shy of $2.81 per gallon. This is $0.80 per gallon higher than last year’s price.

Price of oil for the week ending January 24, 2011

Residential heating oil prices continued to rise during the period ending January 24, 2011. The average residential heating oil price increased to about $3.48 per gallon, $0.03 per gallon over last week and $0.58 per gallon more than last year at this time. Wholesale heating oil prices increased by $0.01 per gallon last week, reaching a price of $2.75 per gallon. This is $0.72 per gallon higher than last year’s price.

Compare Heating Oil Prices for the week ending January 17,2011

Residential heating oil prices continued to rise during the period ending January 17, 2011. The average residential heating oil price increased to about $3.45 per gallon, $0.09 per gallon over last week and $0.50 per gallon more than last year at this time. Wholesale heating oil prices increased by $0.13 per gallon last week, reaching a price of $2.74 per gallon. This is $0.60 per gallon higher than last year’s price.

Current oil prices for the week ending January 10, 2011

Heating oil prices continued to rise during the period ending January 10, 2011. The average residential heating oil price increased to about $3.36 per gallon, $0.02 per gallon over last week and $0.37 per gallon higher than the same time last year. Wholesale heating oil prices decreased by nearly $0.04 per gallon last week, reaching a price just shy of $2.61 per gallon. This is $0.32 per gallon higher than last year’s price.

Price of heating oil for the week ending January 3, 2011

Residential heating oil prices continued to rise during the period ending January 3, 2011. The average residential heating oil price increased by approximately $0.03 per gallon last week to reach $3.34 per gallon, an increase of $0.46 per gallon from the same time last year. Wholesale heating oil prices increased by nearly $0.01 per gallon last week, reaching a price just shy of $2.65 per gallon. This is $0.42 per gallon higher than last year’s price.

Oil Prices for the week ending December 20, 2010

Residential heating oil prices continued to rise during the period ending December 20, 2010. The average residential heating oil price increased by approximately $0.02 per gallon last week to reach $3.26 per gallon, an increase of nearly $0.51 per gallon from the same time last year. Wholesale heating oil prices increased by $0.02 per gallon last week, reaching a price just shy of $2.56 per gallon. This is $0.53 per gallon higher than last year’s price

Heating Oil Costs for the Week ending December 13, 2010

Residential heating oil prices increased during the period ending December 13, 2010. The average residential heating oil price increased by approximately $0.04 per gallon last week to reach $3.24 per gallon, an increase of nearly $0.50 per gallon from the same time last year. Wholesale heating oil prices decreased by less than $0.02 per gallon last week, reaching $2.53 per gallon. This is $0.56 per gallon higher than last year’s price.

Residential heating oil prices for the week ending December 6, 2010

Residential heating oil prices increased during the period ending December 6, 2010. The average residential heating oil price jumped by approximately $0.09 per gallon last week to reach $3.20 per gallon, an increase of $0.44 per gallon from the same time last year. Wholesale heating oil prices increased by nearly $0.14 per gallon last week, reaching a price just shy of $2.55 per gallon. This is $0.48 per gallon higher than last year’s price.

Home Heating oil prices for the week ending November 29, 2010

The U.S. average residential heating oil price showed virtually no increase from the previous week, holding at $3.11 per gallon. This is still an increase of approximately $0.37 per gallon from the same time last year. Wholesale heating oil prices increased by nearly $0.06 per gallon last week, reaching $2.41 per gallon. This is a $0.36 per gallon increase from last year’s price.

Heating Oil Prices for the week ending November 22, 2010

Residential heating oil prices decreased during the period ending November 22, 2010. The average residential heating oil price decreased by approximately $0.02 per gallon last week to reach $3.11 per gallon, an increase of $0.36 per gallon from the same time last year. Wholesale heating oil prices decreased by $0.09 per gallon last week, reaching a price just shy of $2.36 per gallon. This is a $0.31 per gallon increase from last year’s price.

Heating oil prices, which are paid for by consumers, may fluctuate over time by the area that a consumer lives in.  In fact, prices may fluctuate across the country and the world for multiple reasons.  Here are a couple reasons why they may fluctuate.

Demand of Heating Oil:

When prices for crude oil are stabilized, the prices for heating oil in the home may rise slightly in the wintertime because demand is highest.  There are times that costs may rise rapidly to really high levels.  A person who lives in the Northeast might consume 850 to 1,200 gallons of heating oil throughout the winter and use very little for the rest of the year.

Cost Fluctuations for Crude Oil:

Because oil is a large component of the prices of heating oil, the changes in the prices of crude oil can also change the price of heating oil.  International supply and demand also affects the prices of crude oil and the supply is affected in part by the OPEC and several other things.

Competition of Local Markets:

Competition in the free market could also be substantial between an area that only has a few suppliers versus a place with a large number of them.  Rural areas may have higher prices while those in urban areas may have lower prices.

Regional Operating Costs:

The costs are also determined by the higher costs of transporting the products to more remote locations.  In addition to this, the price of doing business through dealers may vary depending on the area where the dealer is stationed.  Wages and salaries, insurance, overhead, lease or rent, equipment, and benefits are also all factors of the cost of doing business.  There also state and local fees.

What Is The Cause of Surges In Heating Oil Prices?

The price of home heating oil may change during a short period of time because if the dealers and consumers have enough oil in storage and if the temperatures fail to drop rapidly, the price might be fairly steady (assuming the price of crude oil do not fluctuate a lot).  However, the quick change to more frigid weather will affect both supply and demand, thus allowing prices to shoot up higher.

This causes the available oil in storage to be used faster than it can be replaced.  The refineries cannot normally keep up with this huge rise in demand during the winter months, thus increasing the prices to provide it.

Up in the Northeast, additional supplies may be imported from long distances, like the Gulf Coast or even European countries.  This makes transportation more expensive and transportation may take up to two or three weeks.  During the time that the resupply from other markets is taking place, the heating oil supply here in America drops down even further and buyers’ anxiety rises in trying to find oil in the short term.  Thus, oil prices rise and sometimes they rise very sharply.

In addition to this, throughout the winter month’s prices of other heating fuels (such as kerosene, propane and other naturally occurring gases) may rise even more than the prices of heating oil.  In this case, some consumers may switch over from using these traditional heating fuels to the heating oil.  Thus, further raising the demand for heating oil.

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New Hampshire Propane Prices for the week ending  January 30, 2012

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