When compared to other options for home heating, natural gas is the cheapest option, followed by electricity, propane and heating oil. Prices for each heating method vary by region and individual house, but this is the average ranking for homes in the United States.Continue Reading
In addition to being the cheapest heating fuel, natural gas is also the most popular. As of the end of 2012, almost half the homes in the United States employed natural gas as their primary heating fuel, enjoying rates that are less than half those of heating oil.
While electric heating is growing in popularity due to its low cost, it is still slightly more expensive than natural gas. Many users complain that electric heating does not offer the efficiency of other methods. Electric heating is used by about one-third of the homes in the United States.
Propane heating is the mostly environmentally friendly option, but it is significantly more expensive than natural gas or electric heating, and prices vary widely by region as of 2015.
Heating oil is the most expensive heating method; its prices drastically fluctuate due to troubles in the Middle East. Oil prices have more than doubled over the past decade. Fewer than 6 percent of homes in the United States heat with heating oil, mostly in the Northeast, and that number continues to drop due to the rising prices.Learn more about Heating & Cooling