How Much Does Furnace Oil Cost?


Quick Answer

The weekly cost of furnace oil from 1990 to the present ranges from around $1.00 to over $4.00 per gallon in 2016, according to the U.S. Energy Information Administration. The cost of furnace oil varies with the oil market and global fluctuations in supply and demand.

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Full Answer

The Energy Information Administration provides a table of weekly heating oil residential prices dating back to 1990. The range is from $0.85 per gallon in March 1999 to $4.25 per gallon in February 2014. According to BobVilla.com the estimated average household cost for furnace oil for the 2012/13 winter was $2,558.00. Oil furnaces are generally cheaper than gas furnaces but heating oil is generally more expensive than natural gas.

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