Are the Prices for Furnace Oil Generally More in Canada or in the United States?


Quick Answer

Furnace oil for residential heating costs more in Canada than in the United States, as of Dec. 15, 2015. The price of residential heating oil in the United States for the months of November and December 2015 ranged from U.S. $2.26 to $2.43 per gallon.

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Full Answer

For the same period, residential heating oil in Canada cost CAD $0.98 to $1.01 per liter, or U.S. $2.70 to $2.79 per gallon. Oil prices are typically higher in Canada because of the higher taxes that Canadian provinces levy on oil. Removing the taxes yields similar pricing in the two countries. The Canadian Federal Government has no authority to set the price that Canadians pay for oil, because that is a provincial prerogative defined by the Canadian Constitution.

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