Heating oil outlook · New England · Next few weeks
No rush
Heating oil prices look likely to hold steady or ease a little over the next few weeks. No need to rush, but don't let your tank run low.
Wholesale heating oil prices are about where they were four weeks ago.
Source: EIA, New York Harbor No. 2 heating oil spot price, weekly, as of Oct 23
East Coast heating oil and diesel supplies are 26% below normal for this time of year, so a cold snap could push prices up quickly.
Source: EIA, East Coast (PADD 1) distillate fuel oil stocks, weekly, thousand barrels, as of Oct 23
The government's forecast has November prices about 7.1% below the latest weekly price.
Source: EIA, Winter Fuels Outlook (Short-Term Energy Outlook, October 2026), U.S. residential heating oil price, as of Oct 6