Home Heating Oil Prices Maine

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According to recent data form the U.S. Census Bureau, about 75% of Maine’s households use heating oil to heat their homes. This is the largest percentage of heating oil use by any state.  With this background, if you use heating oil, you should know where it comes from and how its price is determined.

Heating oil is created from crude oil after it has been ‘cracked’ This is when heating oil (also known as #2 fuel oil) is refined out of crude oil. Gasoline, jet fuel and diesel fuel are also produced from raw crude oil.

Since heating is produced from crude oil, whatever happens to the price of crude will tend to happen to heating oil. The price may rise or fall faster than crude oil, but the trend will still generally be the same direction.

One simple way to help lower your cost is to buy off season. Generally heating oil prices are cheaper during the summer. That is a great time to fill your tank and to also have your furnace tuned up. This way you know your furnace will be in tip top share before the winter begins and lessen the chance of your furnace breaking down during a cold snap.

Maine Heating Oil Prices

Feb 24, 2014 3.909
Feb 17, 2014 3.906
Feb 10, 2014 3.918
Feb 03, 2014 3.934
Jan 27, 2014 3.892
Jan 20, 2014 3.829
Jan 13, 2014 3.841
Jan 06, 2014 3.835
Dec 30, 2013 3.78
Dec 23, 2013 3.741
Dec 16, 2013 3.688
Dec 09, 2013 3.658
Dec 02, 2013 3.626
source EIA

Home Energy Assistance Program Maine

Low Income Home Energy Assistance Program helps provide low income households to help pay for heating costs.

The amount of assistance that you can receive is based upon your income, household size and other factors.

To see if you qualify, please click here.

Maine Heating Oil Price Trends

Maine No. 2 Heaing oil Residential Price

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